Summary
A report indicates that more homes are likely to become available in 2026, as sellers who delayed their sales plan to enter the market. Real estate experts expect economic stability and increased home supply, which could benefit home buyers. However, challenges like rising construction costs might still affect potential buyers.
Key Facts
- 74% of real estate agents think homeowners will start selling their homes in 2026 after holding off in 2024-2025.
- 70% of surveyed agents are optimistic about the housing market in 2026.
- 47% of agents expect slow economic growth without a recession in 2026.
- On average, it takes 14 showings to sell a home in the current market.
- Mortgage interest rates are going down, and employment rates are steady, which is seen as a positive sign for buyers.
- Construction costs and resale property prices are still expected to rise.
- Wage growth is outpacing home price increases, improving affordability slightly.
- Recent tax changes are expected to encourage more people to buy homes in certain areas like California and the Northeast.
