Spring 2026 marks the first season in three years where typical buyers have more budget room than sellers' asking prices, with national house-buying power at $417,000 surpassing the $396,000 median list price. This shift follows easing mortgage rates below 6% and income growth outpacing price gains. However, a true market rebound depends on increased supply meeting demand, as list prices adjust slowly compared to fluctuating mortgage rates.
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