Housing Market
NAR Chief Economist Says the Median Home Price Will Hit $1 Million in 25 Years
NAR Chief Economist Dr. Lawrence Yun predicts the national median home price will reach $1 million in approximately 25 years.
June 23, 2026
NAR Chief Economist Dr. Lawrence Yun predicts the national median home price will reach $1 million in approximately 25 years.
NAR’s Q1 2026 home price report shows prices rose in 71% of metro areas, with affordability improving for both repeat and first-time buyers.
Black Knight’s May Mortgage Monitor report shows a new record high for home prices after five consecutive monthly home price gains, reversing the previous year’s pullback. Home prices climbed in 27 of the 50 largest metros with the biggest increase in Hartford, CT.
The latest quarterly report from the National Association of REALTORS® (NAR) shows nearly seven out of 10 (152 of 221) U.S. metros saw home price gains in Q1 2023 as 30-year fixed mortgage rates hovered between 6.1% and 6.7%.
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