As we head into 2026, the U.S. housing market is expected to see increased home sales, driven in part by improving affordability, moderating interest rates, and growing inventory. However, rising consumer anxiety about the economy may temper how quickly that momentum builds.

A recent nationwide survey conducted by Bright MLS highlights a growing sense of financial uncertainty among Americans—sentiments that could influence buyer and seller behavior in the year ahead.

Consumer Confidence and Spending Concerns

According to the Bright MLS survey of more than 3,000 adults age 18 and older, many households are worried about their ability to manage everyday expenses in 2026:

• 77.1% are somewhat or very concerned they will need to cut back on essential spending

• 80.5% are worried about reducing discretionary spending, such as travel, dining, and entertainment

Since consumer spending makes up roughly 70% of the U.S. economy, hesitation in household budgets could contribute to slower overall economic growth—even as housing affordability improves.

Job Security and Labor Market Worries

Employment concerns are also weighing heavily on consumers:

• 66.2% of respondents are worried about job cuts at their workplace

• 60.5% fear they could personally lose their job or have their hours reduced

Recent data shows a cooling labor market, with slower job growth and a slight rise in unemployment. While widespread layoffs have not materialized, reports of workforce reductions at high-profile companies may be adding to concerns about long-term job stability.

Rising Debt Pressures on Households

Debt remains another major source of stress for many Americans:

• 72.7% say they are worried about paying down existing debt or needing to take on more debt in 2026

Household debt reached a record high at the end of 2025, and many families are feeling the impact as costs remain elevated across multiple areas of daily life.

What This Means for Buyers and Sellers in 2026

For the real estate market, this combination of improving affordability and economic uncertainty creates a mixed outlook:

• Buyers may have more options and negotiating power, but could move cautiously

• Sellers may benefit from increased activity, while still needing realistic pricing strategies

• Timing, financial preparation, and local market knowledge will be especially important

Working with an experienced real estate professional can help buyers and sellers navigate these conditions confidently and make informed decisions based on both market trends and personal financial goals.

Source

Data summarized and adapted from a nationwide consumer survey conducted by Bright MLS.