With limited existing inventory, new home sales might have picked up in the Houston real estate market during June.Nationally, sales levels reached a seasonally adjusted annual rate of 497,000, an 8.3 percent bump from the previous month and 38.1 percent year-over-year increase, according to the U.S. Department of Housing and Urban Development. New sales came in higher than expected, as economists surveyed by Bloomberg called for a gain to 484,000.”It's a builders market,” Stuart Hoffman, chief economist at PNC Financial Services Group, told Bloomberg. “The housing market is poised for further gains and is a key component of the U.S. recovery overall.”With mortgage rates on the rise for much of the past couple of months, it wouldn't have been a surprise to see sales fall slightly, but that wasn't the case. In fact, higher interest rates actually pushed sales up, as buyers attempted to enter the market before affordability takes a major hit.?Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.