Homebuyers to Gain More Affordable Options in Cities by 2027

The national median home price is $427,400 with a 1.2% year-over-year increase and a forecasted 1.5% rise next year. However, five cities—Buffalo, Cambridge, Providence, Rochester, and Worcester—face high risks of home price declines by 2027 due to affordability issues, high mortgage rates, and local economic factors. Job growth, affordability, interest rates, and new construction will influence future market trends.