Mortgage rates will continue to average above 6% next year, but affordability will improve modestly as the typical monthly payment falls below 30% of a household’s income for the first time since 2022, the Realtor.com® economic research team predicts in its 2026 housing forecast. The forecast predicts mortgage rates will average 6.3% across 2026, a … Read more
Home prices fell annually in 23% of markets last quarter, but price growth remained strong in the Northeast and Midwest, according to new data from the National Association of Realtors®. Median sales prices for existing single-family homes declined on an annual basis in 51 metro areas out of the 230 tracked, while rising in 176 … Read more
Pending home sales remained flat in September despite a healthy decline in mortgage rates, in an early sign of continued weakness for the fall home buying season. Signed contracts for existing homes were unchanged last month from August, and down 0.9% from a year ago, according to data released Wednesday by the National Association of … Read more