"The term "The Great Housing Reset" in 2026 refers to a multi-year period of gradual market recovery and improved affordability predicted by real estate brokerage Redfin . This shift is not a crash but a slow rebalancing, where wage growth is expected to finally outpace home price growth for the first time since the aftermath of the 2008 financial crisis."
" Improved Affordability (Gradual): Wages are expected to grow faster than home prices, making housing gradually more affordable, though not an instant fix for young families and Gen Z buyers. Mortgage Rates: The 30-year fixed mortgage rate is forecast to average around 6.3% for the year, a slight decrease from the 2025 average of 6.6%, occasionally dipping below 6% but not for a sustained period."
A multi-year period of gradual market recovery and improved affordability is expected in 2026 under the Great Housing Reset. Wage growth is projected to finally outpace home price growth for the first time since the 2008 financial crisis aftermath, producing gradual affordability gains. The 30-year fixed mortgage rate is forecast to average about 6.3% with occasional dips below 6%. Home prices are expected to rise marginally, roughly 1% nationally, while existing-home sales may increase about 3% to an annualized 4.2 million. Many households will pursue refinancing, home renovations, multigenerational living, and other lifestyle adaptations.
Read at Boston Condos For Sale Ford Realty
Unable to calculate read time
Collection
[
|
...
]