The U.S. housing market's expected rebound in 2026 has been downgraded, with existing home sales forecasted to rise only 4% instead of 14%. New home sales growth is now predicted at zero. The revisions are due to rising mortgage rates, which have increased to around 6.5%, limiting buyer participation. Early 2026 home sales have been disappointing, with declines in many regions despite some growth in the South, West, and Utah.
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