Redfin Predicts Housing Market Recovery in 2026

Redfin predicts a long, slow recovery for the U.S. housing market in 2026, with affordability improving and income growth outpacing home price increases. The Great Housing Reset will see a gradual increase in home sales and normalization of prices, particularly in more affordable regions like the Midwest and Great Lakes. Hot markets in 2026 include New York City suburbs and cities like Syracuse, Cleveland, St. Louis, Minneapolis, and Madison, Wisconsin. Markets like Nashville, Austin, and Miami are expected to cool down. Mortgage rates are projected to dip to around 6.3% in 2026, while existing home sales are expected to rise by 3%. However, rents are anticipated to continue climbing due to increased demand and slowed apartment construction.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.