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2 weeks ago

Housing affordability to improve as home price growth cools, Realtor.com forecasts

Housing affordability is expected to improve with the pace of home price growth slowing to a rate that's lower than inflation, a new report finds.Realtor.com on Wednesday released a midyear update to its 2026 housing market forecast that estimates home price growth will slow to 1.2% this year, a rate that's slower than the original forecast for the year and is slower than the pace of inflation. That means home prices would be effectively declining in real, inflation-adjusted terms."Against a backdrop of both familiar and new challenges, the economy has proved resilient. As a result, the first...