Home price reductions are elevated, hinting at improved affordability in 2026. A Redfin report reveals a seller-buyer gap, yet prices remain up. Market expectations, mortgage rates, and seller motivations influence the dynamics.
Real estate market shifts favor buyers with increased inventory and competitive pricing. Mortgage rates see volatility, impacting refinance applications amidst economic data uncertainty.
Real estate agents must adapt to the evolving buyer's market by innovating their strategies and prioritizing buyer needs, as many lack experience with these conditions and relevant technology. Market changes require new approach.
