Zillow Forecasts Improved Home Affordability in 20 Major Metros by Year-End
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Zillow Group Inc. forecasts improved housing affordability in 20 major U.S. metros by year-end 2026, the highest since 2022. Home values are expected to rise by 1.9%, reaching $365,795. Monthly mortgage costs have decreased by $92 from last year and $177 from their peak in October 2023. Mortgage rates are projected to fall to near 6%, with incomes rising by 3.3%, enhancing affordability. Cities like Chicago, Atlanta, and Raleigh are among those expected to see improvements in affordability.
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