Mortgage rates were rising, squeezing buying power and pushing urgency to lock in rates before further increases.
Forecasts expected mortgage rates to ease through 2026, with outcomes tied to Federal Reserve federal funds rate decisions.
Home shopping went more digital: virtual tours, detailed online listings, and instant communication became key expectations from realtors.
Climate risk data appeared more in listings; >80% of prospective buyers weighed flooding, heat, wind, and air quality.
Home prices ↑2.6%, while inventory ↓13.6% yearly; buyers also sought suburban space and multi-functional rooms for remote work.
I’m seeing homebuyers navigate a market shaped by changing mortgage rates, tighter supply, and rising prices. Technology, climate risk awareness, suburban preferences, and demand for flexible spaces are increasingly influencing decisions.
