"Mortgage Rates: Rates for a 30-year fixed mortgage are expected to average in the low-to-mid 6% range, a slight decrease from the 2025 average of around 6.6%. A sustained drop below 6% is considered unlikely by most experts. Home Prices: National home price growth is expected to be modest, with forecasts ranging from 1.0% to 4%. This modest growth, coupled with faster wage increases, is a key factor in slowly improving affordability."
"Housing Inventory: Inventory is projected to increase modestly as the "lock-in effect" wanes and more homeowners are motivated by life events to sell. The supply is recovering but will likely remain below pre-pandemic levels. Home Sales: Existing home sales are expected to increase, with some optimistic forecasts from the National Association of Realtors (NAR) predicting a jump of around 14% nationwide, though other estimates are more conservative (e.g., 1.7% to 4.3% increases)."
Mortgage rates for a 30-year fixed loan are expected to average in the low-to-mid 6% range, slightly below 2025's roughly 6.6%, with a sustained drop below 6% unlikely. National home price growth is projected between 1.0% and 4.0%, and faster wage increases should gradually improve affordability. Housing inventory is forecast to rise modestly as the lock-in effect wanes, but supply will likely remain below pre-pandemic levels. Existing home sales are expected to increase, though estimates vary widely. Regional variation will be significant, with stronger price pressure in the Midwest and Northeast and moderation in some South and West markets.
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