Rising inventory, falling interest rates, and lower prices in many markets make 2026 promising for first-time homebuyers. Listings have increased significantly, with new construction expected to rise. Home prices are falling in some areas, while mortgage rates have dropped below 6.25%, potentially reaching 5.9%. Buyers should prepare by improving credit, saving for down payments and closing costs, exploring mortgage options, and getting pre-approved. Assistance programs and education courses can also help.
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