Ei be tough time still dey for people wey wan enter housing market. House prices dey stay near record values and mortgage rates dey above 6%. But things fit change for 2026, as dem dey expect property prices go drop for 22 of the biggest 100 U.S. cities, according to Realtor.com new analysis. Dem dey expect mortgage rates go ease small too.
Dem dey expect real estate market go move go more “buyer-friendly” direction next year, wey go lead to the “most balanced housing market” since pandemic. This mean say neither sellers nor buyers go get upper hand for negotiations, na so Jake Krimmel, senior economist for Realtor.com talk.
Mortgage Rates Go Drop Small
Dem dey expect mortgage rates go drop go average of 6.3% next year, small drop from 2025’s 6.6% average rate. Lower borrowing costs, plus strong wage growth next year, suppose encourage more buyers to jump enter market, Krimmel add.
“2026 go be year where we dey think say market go steady,” Krimmel talk. “E go show plenty signs of say e dey get back on track to wetin we dey consider to be normal.”
That go help push up existing-home sales, wey dem dey project say e go increase less than 2% to 4.13 million properties for 2026, according to Realtor.com report. Na small bump from this year’s projected 4.07 million home sales, but na notable change given say transactions don dey relatively flat throughout 2025.
Where Prices Go Drop?
Plenty of the 22 cities where dem dey forecast say home prices go drop next year dey located for Southeast and West. For example, seven of the eight biggest cities for Florida dem dey project say dem go see declines for home prices next year, except Miami, na so report talk.
Dem dey expect Cape Coral-Fort Lauderdale metropolitan area go see the nation’s biggest price decline next year, with homes dropping by 10.2%, na so analysis talk. After that na North Port-Sarasota-Bradenton, Florida region, with 8.9% decline.
Cities Wey Dem Dey Expect Price Drop:
- Cape Coral-Fort Lauderdale, FL
- North Port-Sarasota-Bradenton, FL
- …(etc)