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2026 Housing Market: Balancing Act Amid Price Cuts

1/8/2026

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Summary

Story summary

The CNBC Housing Market Survey shows a sluggish market in early 2026 with a shift to balance as rates stay between 6.2% and 6.4%.
Prices are easing as many sellers cut prices to attract buyers.
Agents report a disconnect as buyers fear a 2008-scale crash and sellers expect a 2021 frenzy.
67.8% of agents anticipate improved sales in the first quarter of 2026.
Seventy-seven percent expect a better year.

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Story summary

The CNBC Housing Market Survey shows a sluggish market in early 2026 with a shift to balance as rates stay between 6.2% and 6.4%.
Prices are easing as many sellers cut prices to attract buyers.
Agents report a disconnect as buyers fear a 2008-scale crash and sellers expect a 2021 frenzy.
67.8% of agents anticipate improved sales in the first quarter of 2026.
Seventy-seven percent expect a better year.