The housing market has presented some challenges over the past five years. From skyrocketing prices and record-low inventory to climbing mortgage rates and deteriorating affordability conditions, it hasn’t been easy for home buyers and sellers. But has the tide finally turned? Possibly.
According to a newly released forecast from the National Association of Realtors’ consumer website, 2026 may see a calmer, healthier, steadier housing market. Danielle Hale, the website’s chief economist, says the new year should bring some welcome changes. “After a challenging period for buyers, sellers, and renters, 2026 should offer a welcome, if modest, step toward a healthier housing market,” Hale said. “Incomes climbing faster than inflation as mortgage rates steady at a lower level create space for affordability to improve … It’s not a dramatic reset, but it’s a meaningful shift that moves the market back toward balance.” The forecast calls for lower mortgage rates, slower price increases, more homes for sale, and mortgage payments below the affordability threshold for the first time since 2022.
[Source: PR Newswire]
