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2026 Housing Market: Affordability Rises, Prices Stabilize
8 Mar
Summary
- Affordability has improved by over $30,000 compared to last year.
- Mortgage rates are below 6%, the lowest since September 2022.
- Home price growth is at its slowest pace since the post-recession recovery.
In March 2026, the U.S. housing market is experiencing subtle shifts favoring buyers. Affordability has seen a significant boost, improving by over $30,000 compared to the previous year, largely due to rising incomes and falling mortgage rates. These rates are now below 6%, reaching levels not observed since September 2022, a stark contrast to rates above 7% just over a year ago. This decrease in borrowing costs is expected to stimulate both buying and refinancing activities.
