"A new Redfin report predicts that next year will usher in what the company calls "The Great Housing Reset." Researchers expect a multi-year stretch of slowly rising home sales and improved affordability, as incomes outpace home prices for the first sustained period since the Great Recession. Redfin forecasts that mortgage rates will gradually decline over the course of 2026 and that, by year's end, the median home-sale price will be up just 1% from a year earlier."
""A lot of people bought during the pandemic; there was just a huge surge of activity because of how low rates were," Fairweather said. "A typical homebuyer stays in their home for 10 years, and we're five years out from the start of the pandemic. Naturally, we'll start to see more people be ready to sell homes again - it's not going to be a drastic change; it'll just be more of a loosening of the market.""
Redfin forecasts 2026 as the start of a multi-year "Great Housing Reset" driven by incomes rising faster than home prices, producing improved affordability. Mortgage rates are expected to decline gradually through 2026, with the median home-sale price up about 1% by year-end. Existing-home sales are projected to climb roughly 3% to an annualized pace near 4.2 million. The fading rate-lock effect should encourage pandemic-period buyers with low rates to put homes on the market, easing supply constraints. These shifts could create a better window for prospective buyers to enter the market.
Read at Business Insider
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