"The answer, Kushi said, lies in six forces shaping the outlook: affordability, demographic demand, regional divergence, localized strain, rising inventory and the continued advantage for new homes. Mortgage rates are expected to remain in the low-6% range next year, according to a report released this week by First American Data & Analytics. That alone will not unlock the market, Kushi said, but cooling home-price growth paired with income gains should continue to lift affordability."
"By Kushi's estimate, the U.S. logged roughly 4 million fewer existing-home transactions from 2022 to 2025 than the five-year average before COVID-19. Yet demand is far from exhausted. She added that nearly 52 million Americans are in their 30s, and many are entering homeownership-driven life stages. Even without major shifts in mortgage rates, family changes, job relocations and downsizing are expected to keep transactions on a steady uptick through 2026."
Mortgage rates are expected to remain in the low-6% range next year. Cooling home-price growth paired with income gains should continue to lift affordability. Price appreciation has slowed to the weakest pace since 2012. The U.S. logged roughly 4 million fewer existing-home transactions from 2022 to 2025 than the five-year pre-COVID average. Nearly 52 million Americans are in their 30s and many are entering homeownership-driven life stages. Family changes, job relocations, and downsizing are expected to support a steady uptick in transactions through 2026. Inventory trends are split across regions, and new-home construction has added buyer choices.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]