Are you ready to buy a home? As your local Mortgage Banker, Sal Trapani of MJ Mortgage LLC is here to break down the latest forecast from the National Association of REALTORS® (NAR) presented on November 14, 2025. The housing market is expected to rebound in 2026, creating a more favorable environment for homebuyers like you!
Key Market Forecasts for 2026
The expected rebound is driven by easing mortgage rates, continued job gains, and improving market stability.
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Sales Jump: Existing-home sales are projected to rise by around 14% in 2026, marking a measurable increase in sales.
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Mortgage Rate Relief: Mortgage rates are projected to decline modestly, averaging around 6% in 2026. This modest decline is expected to improve affordability for buyers.
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Price Stability: Home prices nationwide are considered “in no danger of declining” and are forecast to increase by 4% next year, supported by steady demand and persistent supply shortages.
Affordability and First-Time Buyers
Affordability improvements will be seen most in areas with robust new housing supply.
- Houston Advantage: High-construction markets like Houston are creating more housing, making home prices more reasonable. Given job creation and lower mortgage rates, buyers will inevitably be showing up in Houston. (I’m here to help you navigate the Houston market!)
- First-Time Buyer Challenges: First-time buyers face significant struggles finding affordable property and saving for a down payment. The biggest sources of pain cited are high rent and student loan debt.
- Demographic Shift: The median age for a first-time buyer has reached 40.
The Value of a Real Estate Agent
Despite market challenges, the use of real estate agents remains strong, providing essential value to you, the homebuyer.
- Buyers Using an Agent: 88% of buyers used an agent or broker in their most recent transaction.
- Agent Value: Agents help by “pricing the home competitively in a changing market, marketing that home, and finding a qualified buyer.”
Ready to Discuss Your Homebuying Strategy?
The market is showing positive signs for your homeownership journey! Let’s connect to discuss how these forecasts impact your specific situation and mortgage options.
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Contact Sal Trapani, Mortgage Banker, today:
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MJ Mortgage LLC
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Cell: 281-608-2846
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Email: sal@mjmortgagellc.com
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Address: 33130 Magnolia Cir, Magnolia, TX 77354
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NMLS: 1055510 / Company NMLS: 2381195
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