Summary
Housing prices in the United States are predicted to rise modestly through 2026, but inflation might outpace these increases, resulting in a slight real-term decline. Notable growth is expected in the Northeast and Midwest regions, while areas like Texas and coastal Florida may experience a cooling in the market. Some cities, such as Toledo, Ohio, are predicted to see significant home price growth.
Key Facts
- Home prices are expected to rise by 2.2% through 2026, according to Realtor.com.
- Inflation is projected to outpace home price gains, effectively leading to lower inflation-adjusted prices.
- The Northeast and Midwest regions are expected to have the biggest home price increases.
- Home prices in Toledo, Ohio, are projected to grow by 13.1%.
- The median sale price of a U.S. home was $433,261 as of November.
- Housing markets in the Midwest and Northeast have strong demand due to low inventory.
- Regions like Texas and coastal Florida might see home price declines due to higher inventory.
