Why now is a good time to start house-hunting

February 5, 2026

TL;DR

Home prices have decreased for six consecutive months, with January marking the sixth decline.
Factors contributing to the price dip include seasonal trends and reduced buyer demand.
High mortgage rates, currently just under 7%, are impacting buyer affordability.
The typical U.S. home is valued at $358,968.
Zillow anticipates 20 major housing markets will be more affordable this year than in 2020.
Affordability is defined as a typical buyer purchasing a house for less than one-third of their income.
The number of homes listed for sale in January increased by 6% compared to the previous year.
Realtor.com predicts home prices will decrease in 22 of the 100 largest U.S. cities.

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