Housing Market Outlook: The Next 6–12 Months

The U.S. housing market over the next 6–12 months will be defined less by dramatic moves and more by structural pressure points that homeowners and buyers need to understand.

Start with mortgage rates.

After peaking above 7%, 30-year fixed mortgage rates have stabilized in the low-to-mid 6% range. That matters because every 1% change in mortgage rates impacts purchasing power by roughly 10–12%. Even small rate movements materially change monthly affordability.