11/19/2025
According to the National Association of Realtors' Chief Economist Lawrence Yun, existing home sales are expected to rise by 14% in 2026. This substantial growth is attributed to pent-up demand, potential rate cuts, and more balanced prices, which are expected to generate sales momentum as early as late next year. Notable highlights include: Interest Rates: The National Association of Realtors predicts a slight decrease in interest rates in 2026, averaging around 6%, providing opportunities for buyers who have been waiting. As rates decrease, competition will intensify, making it crucial for buyers to prepare in advance. Price Growth and Inventory: A 4% increase in home prices is forecasted for 2026. Although inventory remains limited, improved rates may encourage more homeowners to list, helping balance supply and demand. Markets with new home construction may experience more reasonable pricing and increased activity from first-time homebuyers. Action Steps for Buyers: To stay ahead, buyers should focus on early pre-approval and education. Value of Partnership: As market activity increases, effective collaboration between lenders and agents becomes vital. -Weekly Insider Rocket Mortgage
