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Over half of U.S. buyers feel the market is better than last year, showing cautious optimism. Seventy-five percent of buyers are waiting for lower prices and interest rates before purchasing homes.

New US home listings ↑ 8.4% yearly, hitting a three-year high in May 2025. Despite growing supply, pending sales ↓ 2.2%, marking the lowest seasonal level since at least 2015.

High mortgage rates in 2025 slowed home sales, but improvement is expected starting in 2026. Experts predict existing home sales may ↑ 10–15% as conditions improve in 2026.

Will Mortgage Rates Drop? Average 30-year mortgage rates will hover in the 6% range, peaking above 7% temporarily in 2025. Will Home Prices Drop? National home-price growth will slow to 2%.

Regional Price Trends Diverge: Certain areas continue to see home price increases, while others experience declines due to varying local factors.Inventory Gradually Increases: The number of homes for sale is rising, offering buyers more options compared to previous years.

The experts forecast a 3% national housing price increase in 2025 due to limited supply. High mortgage rates discourage homeowners from selling, keeping supply low and supporting price stability.

Home prices rebounded 0.2% annually after a 1.1% dip, showing steady value growth in May 2025. Median price per square foot rose 0.9% year-over-year, reflecting rising home values despite smaller sizes.

Research local schools even if you don’t have kids — they influence home values. Consider internet availability and speed, especially for remote work or streaming needs.