What Buyers Say They Need Most — And How the Market Is Actually Responding

A new survey from Bank of America asked future homebuyers what would make them feel more confident about jumping into the market. The answers were consistent: people want better affordability especially when it comes to home prices and mortgage rates.

Here’s the interesting part: the market is already showing some movement in both areas.

Home Prices Are Finally Cooling Off

The last few years brought some serious price jumps. In certain periods, values were rising so quickly that many buyers felt like they had no chance of keeping up. Today, that pace has slowed down considerably.

Instead of the double-digit surges we saw earlier in the decade, experts now expect much more modest, single-digit price growth nationwide. Of course, this varies from market to market some areas will still see increases, while others may see slight dips.

We’re not in a price-crash scenario, but we are in a healthier, more controlled market. And for buyers, that creates room to breathe. When price growth is steady instead of explosive, planning and budgeting for a home feels a lot more manageable.

Mortgage Rates Are Starting To Settle

Rates have also eased off their peak, which is giving buyers a bit of relief. Even a small drop can make a noticeable difference in monthly payments and that shift alone is helping some buyers re-enter the conversation.

While rates will naturally bounce around from time to time, the general outlook is encouraging. Many experts expect them to remain in the low-to-mid 6% range as we move forward far better than what we saw recently. And depending on how the broader economy performs, we could even see additional improvement.

Why This Matters Right Now

Economic confidence may still feel shaky, but housing is slowly finding its balance again. Softer price growth and easing mortgage rates won’t erase affordability challenges completely but they do signal a market that’s becoming more stable.

For buyers who stepped back earlier this year, the landscape heading into 2026 looks different and potentially more promising.

The two biggest concerns for buyers prices and rates are trending in a more favorable direction. If you’re thinking about making a move, this could be a good time to revisit your plans and see how today’s conditions align with your goals. Talking with a trusted local real estate professional can help you understand what these shifts mean specifically in your area.

Real estate in Grafton County is shifting quickly, and the right strategy is what protects your equity or unlocks that hidden opportunity you’ve been waiting for. If you’re curious how today’s market impacts your goals, your equity, or your dream of owning here, reach out. No pressure just honest data, expert guidance, and a plan tailored to you. Let’s start the conversation.