"For years, national stories have characterized the U.S. housing market. Record-low mortgage rates, post-pandemic buying frenzies, the rate-lock effect and affordability constraints were the narratives that dominated housing market conversations. In 2026, however, the national storyline may be less interesting than local tales. The most important drivers of home sales and prices next year will be local economic conditions, demographic trends and market-specific supply dynamics."
"The national economy will likely cool in 2026, but the slowdown will not be experienced the same everywhere. Regions anchored by growing sectors will see stronger housing demand and more robust housing market activity. By contrast, in places where employment is contracting, buyers and sellers will be more cautious. Tech regions such as San Jose and San Francisco are projected to continue to attract high-income workers in 2026 a"
National forecasts show 4.51 million existing home sales in 2026, a 9% increase, with mortgage rates ending near 6.15% and median home prices rising only 0.9% to $417,600. Year-end inventory is expected to increase to about 1.426 million. The national outlook points to a market moving closer to balance, but outcomes will vary substantially by locality. Local economic strength, demographic shifts, and market-specific supply will drive housing demand and price trajectories. Regions anchored by growing industries will see stronger activity while areas with contracting employment will be softer.
Read at www.housingwire.com
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