The National Association of Realtors provided their national outlook for the housing market in 2026. NAR Chief Economist Lawrence Yun said, “After three years of flat home sales, a solid double digit percentage increase is expected in 2026. In 2026, we expect higher inventory, modest improvements in affordability, and more accommodating monetary policy from the Federal Reserve will help more Americans buy their next home.”
Here is NAR’s 2026 Outlook:
● Existing home sales are forecast to increase by 14%
● Home prices are expected to rise about 4%
● Mortgage rates are projected to decline toward 6%
● Job growth is expected to remain moderate with roughly 1.3 million new jobs
Based on these forecasts, this sets up a nice plan which is to purchase today, gain equity and refinance in the future as interest rates cool.
Source: https://bit.ly/4p3VY8h