Iran war upends spring housing market. Here's what real estate agents are seeing - CNBC

Spring homebuying was disrupted as buyers in the first quarter reported greater concern about the economy and rising mortgage rates than about home prices; a jump in rates after strikes worsened affordability. Subsequent hopes for a ceasefire reduced oil prices and Treasury yields, allowing mortgage rates to fall for the first time in over a month and offering some relief to buyers. Still, continued geopolitical uncertainty means affordability and activity could swing again.