Data Points and Projections: * Mortgage Rates:
Potential fluctuations creating significant affordability challenges, with even small percentage point increases impacting buyers. * Inventory: Continued struggles with low housing stock, exacerbated by the 'locked-in' effect of current homeowners. * Home Prices: Expected to see modest, single-digit growth in 2026, rather than the rapid appreciation of previous years. * Sales Volume: Anticipated to remain below peak levels, with a gradual increase contingent on interest rate stabilization. This nuanced outlook from NAR's chief economist serves as a critical update for anyone invested in or affected by the housing market's performance over the coming years.