Home Prices Expected to Decrease in 22 U.S. Cities

The housing market remains challenging, with high home prices and mortgage rates above 6%. However, Realtor.com forecasts a shift in 2026, predicting price declines in 22 of the largest U.S. cities and a slight dip in mortgage rates to 6.3%, leading to a more balanced market for buyers and sellers. Notably, Florida cities are expected to see significant price drops, while other major cities may experience modest price increases. Overall, existing-home sales are projected to rise slightly to 4.13 million properties next year.