Oxford Economics' Q1 2026 Real Estate Price Index hit 77.9. Affordability faces risks from rising home & mortgage rates, and insurance costs. Property owner insurance inflates index, while low market turnover adds to housing scarcity despite some affordability gains.
Home sales are expected to rise by 9.2% in 2026, driven by modest renovations and easing mortgage rates. Affordability remains a key factor, with significant regional disparities. Real estate agents face a challenging market.
US faces a housing affordability crisis with a severe shortage of homes for middle-income earners. Rising costs, zoning, and limited inventory exacerbate the problem, impacting affordability significantly. Targeted strategies are needed.
