What Are Buyers Most Concerned About Right Now?

Buyers in the first quarter of this year were more concerned about the economy and mortgage rates than they were about home prices.

Source: CNBC

Mortgage Rates Projections

30-Year Fixed Mortgage Rate Projections, As of 5/13/2026

Mortgage Rates Projections

Sources: Freddie Mac, Fannie Mae, MBA, Wells Fargo

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30-Year Fixed Rate + Projections, as of 5/13/2026

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Inventory Continues to Rise

Source: Realtor.com

Active Listing Count, Since January 2020

Inventory Continues to Rise

Active Monthly Listings Count, in Thousands

Source: Realtor.com

Despite the Progress, Inventory Remains Below Typical 2017–2019 Levels

National Inventory Change, Percent Year-Over-Year vs. Percent Pre-Pandemic (2017–2019)

Source: Realtor.com

Pre-Pandemic

Year-Over-Year

15 States Are Back Above 2019 Inventory Levels

Inventory Shift Between April 2019 and April 2026

Source: Realtor.com

Top 50 Housing Markets in the US

Source: ResiClub, Zillow

Year-Over-Year Change in Home Prices in the 50 Largest Metros, Mar. 2025 – Mar. 2026

80% of Sellers Think They’ll Get Their Asking Price or More

Source: Realtor.com

Which of the following price scenarios do you expect to happen when selling your home?

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More Homes Are Selling For Less Than the List Price

Percent of Homes That Sell for Less Than Asking

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Source: Redfin, ResiClub

Price Cuts Get Bigger as Listings Linger

Average Percent a Listing Price Is Reduced Based on Days on Market

Source: NAR

Price Cuts Get Bigger as Listings Linger

Average Sale Price of a Home Listed at $400k Based on Days on Market

Source: NAR, KCM Analysis

Today’s Foreclosure �Situation Explained

Foreclosure Activity Is Rising

Properties with Foreclosure Filings

Source: ATTOM

Foreclosure Activity Is Rising… as the Market Normalizes

Properties with Foreclosure Filings

Source: ATTOM

More than 3 in 4 Americans (78%) report that they do not feel financially secure. The top culprit is the rising cost of living (47%), followed by the current state of the economy (42%).

Credit Karma

Struggling Homeowners Are Prioritizing Their Mortgage Payments

Percent of Loans That Are 90+ Days Delinquent, by Loan Type

Source: Federal Reserve Bank of New York

Demand for Mortgage Assistance Is Rising Sharply

Index of People Searching for “Help With Mortgage”

Source: Google Trends

Percent of All Mortgages By Interest Rate�

Source: FHFA

6.00% or more

4.00-5.99%

Less than 3.99% 

Americans Are Sitting on Tremendous Equity Today

2/3 Have �Paid off �Their Mortgage or Have at Least 50% Equity

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Source: Census, ATTOM

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Mortgage Homes

with More Than 50% Equity

Mortgage Homes

with Less Than 50% Equity

Mortgage Debt Is High, But Equity Is Higher

In Trillions

​

Source: Federal Reserve

$14.4T

$34.1T

$47.9T

Estimated Home Price Performance

December–December, as Forecast in Q1 2026

Source: Q1 2026 HPES

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Home Prices Usually Rise Over Time

Annual Change in Home Prices (1956 – 2025)

Sources: S&P Case-Shiller, Bilello

+7%

+5%

+4%

+7%

+8%

+10%

+7%

+5%

+5%

+1%

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

-1%

0%

+8%

+6%

+4%

+2%

+2%

+3%

+2%

+1%

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

+9%

+7%

-4%

-12%

-5%

+2%

+14%

+14%

+10%

+10%

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

-4%

-4%

+4%

+5%

+6%

+5%

+5%

+5%

+11%

+6%

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

+10%

+19%

+1%

+4%

+6%

+6%

2020

2021

2022

2023

2024

2025

+1%

+3%

+2%

+1%

+2%

0%

+1%

+1%

0%

+1%

1956

1957

1958

1959

1960

1961

1962

1963

1964

1965

+1%

+2%

+7%

+10%

+3%

+3%

+4%

+8%

+7%

+4%

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

+8%

+15%

+14%

+16%

1976

1977

1978

1979