US Housing Market Shows Stability Amid Rising Mortgage Rates

The US housing market in 2026 faces high mortgage rates and prices, limiting buyer interest. Most households can only afford homes under $300,000, while median prices exceed $400,000. First-time buyers are fewer and older, and people move less due to high costs and low pandemic-era rates. Immigration and new home construction have slowed, homes are aging, and new homes are smaller. Home-price growth is slow, equity is high, but multifamily home delinquencies have surged.