The housing market has been riding a wave of uncertainty the past few years — but there’s finally a glimmer of stability ahead. Current forecasts suggest that interest rates could ease modestly by 2026, with the Federal Reserve’s benchmark rate expected to hover around 3.4–3.5% and average 30-year mortgage rates landing near 6%.
So, what does that mean if you’re thinking about buying or selling a home in the next year or two?
💰 For Home Buyers
Lower borrowing costs could bring a bit of relief. While we’re not likely to see the ultra-low 3% rates of 2020, a drop from current levels may make monthly payments more manageable and increase overall affordability. That means more buyers could re-enter the market, especially first-timers who’ve been waiting for a better opportunity.
Our tip: If you’re hoping to buy in 2026, start planning now. Get pre-approved, strengthen your credit, and stay in touch with your lender — you’ll be ready to act fast when the right property (and rate) shows up.
🏠 For Home Sellers
An easing rate environment could also boost buyer activity — and with it, competition. As rates decline, demand tends to rise, which often helps stabilize or even increase home prices.
Our advice: If you’ve been considering selling, keep an eye on mid-2025 through 2026. Listing during a period of renewed buyer confidence can help you capture strong offers while inventory remains limited.
🔍 The Big Picture
Economists expect a “soft landing” rather than dramatic swings — steady rates, steady demand, and a healthy balance between buyers and sellers. That’s good news for Spokane-area homeowners: it means less chaos and more predictability.
At Rios & Co Real Estate, we help you navigate both today’s market and what’s coming next — with clear advice, strategic timing, and a plan that fits your goals.
📞 Thinking about your next move? Let’s talk strategy for 2026 — whether that means buying, selling, or simply preparing for your best opportunity.
