The forecast indicates that the housing affordability for American homebuyers is expected to improve.

According to data and forecasts from Compass and Zillow, by 2026, income growth for Americans will outpace the increase in housing prices, with mortgage rates expected to stay around a low of over 6%. The National Association of Realtors predicts that existing home sales in the U.S. will increase by 14%, with housing prices rising by about 4%.