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Expert Forecasts Point to Affordability Improving in 2026
For the past few years, affordability has been the biggest barrier standing between most people and their next move. In 2025, affordability was the best it’s been in 3 years, and experts agree the momentum will keep going in 2026. These forecasts are based on expected mortgage rates, inventory, and home prices.
Lower Mortgage Rates
Mortgage rates have already come down from their peak. Forecasts suggest they’ll stay pretty much where they are now and hover in the low 6% range throughout 2026. Where they go from here depends on what happens with the economy, job market, and changes in monetary policy. The important thing is, they’re already lower than they were just one year ago and that’s ideal if you’re planning a 2026 move.
- For buyers: A lower rate reduces monthly payments and increases buying power. That combo helps more people qualify for homes that previously seemed out of reach.
- For sellers: It appears rates around 6% are the new normal and if you need to move, it’s doable, especially with your equity.
With more homes for sale, there isn’t as much upward pressure on prices. Even so, the overwhelming majority of experts say that nationally prices will continue rising – just at a slower pace.
- For buyers: Expect more moderate price growth, not the sudden and intense spikes just a few short years ago. That gives you fewer surprises and more predictability, which makes budgeting a whole lot easier.
- For sellers: This slower price growth restores balance without putting your equity at risk. And that’s a win.
More Homes Will Sell
Experts are saying we should see more homes sell (and more people buy) this year. As Mischa Fisher, Chief Economist at Zillow, says:
“Buyers are benefiting from more inventory and improved affordability, while sellers are seeing price stability and more consistent demand. Each group should have a bit more breathing room in 2026.”
The bottom line is, more people will be able to make their move this year. So, the question is: will you be one of them?
Bottom Line
Affordability won’t change suddenly overnight. But, with several key trends working together, it should slowly and steadily improve in the months ahead. Want more information about the opportunities unlocking in our local market?
Let’s chat.
