On December 3, 2025, a flurry of new forecasts reshaped expectations for the 2026 U.S. housing market. Realtor.com released its national 2026 outlook, CBS News spotlighted 22 major metros where home prices are expected to fall, Bright MLS called 2026 a “reset year, not a rebound,” and mortgage analysts outlined how far interest rates might actually drop.

 

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2026 Housing Market Forecast: 22 Cities Face Price Drops as Mortgage Rates Ease and a ‘Reset Year’ Begins