A 6% mortgage rate could make homes affordable for 5.5 million more households, potentially unlocking major buying activity across key U.S. metro areas.
NAR forecasts rates falling to 6% by 2026, possibly increasing home sales 14%. Current high rates and inventory growth offer unique buyer advantages now.
Inventories are rising nationally—up 20% in May—and price growth is slowing. Buyers today may find more options and bargaining power than in recent years.
The South leads U.S. population growth, but Midwest metros like Des Moines and Indianapolis also show strength amid migration and Fed rate cut expectations.
First-time buyers are returning, all-cash deals are strong, and real estate net worth remains solid. Equity-rich boomers are driving family-focused relocation trends.