Existing-home sales are expected to rise roughly 14% in 2026, according to National Association of Realtors Chief Economist Lawrence Yun, who credits easing mortgage rates, steady job growth, and improving market conditions. Home prices are projected to increase 4% next year, with no risk of nationwide declines due to strong demand and tight supply.

Mortgage rates are forecast to average around 6% in 2026, offering modest affordability improvements.

NAR Deputy Chief Economist Jessica Lautz highlighted major demographic shifts from the new 2025 Profile of Home Buyers and Sellers. The typical home buyer is now 59, and repeat buyers average 62. The top reason for moving is to be closer to friends and family—a trend Lautz calls the “grandbaby effect.”

First-time buyer share is now 21% and the median first-time buyer age rose to 40. High rent, student loan debt, and difficulty saving for a down payment remain key barriers.

Despite challenges, reliance on real estate agents stays strong: 88% of buyers and 91% of sellers used an agent in their latest transaction, citing the value of professional pricing, marketing, and buyer qualification.

Source : https://bit.ly/48cTTAt