Are Homebuyers Adjusting to Current Market Conditions?

Homebuyers today aren’t necessarily optimistic about current housing market conditions, but recent data from TurboHome and the ResiClub blog’s Housing Sentiment Survey show that buyers are adjusting to the fact that housing costs are unlikely to fall substantially anytime soon. According to the Q-3 2025 survey, 52% of respondents say they’d accept a mortgage rate up to 6%, and 72% say they expect the average 30-year fixed mortgage rate to be above 6% for the next year.

At the same time, however, a majority of respondents also say they don’t expect home prices to grow much higher in the near future.

Homeowners aren’t exactly bullish—at least not in the short term. A majority (55%) say they expect home prices in their local market to either stay flat or decline over the next 12 months. That’s up 20 percentage points from Q1 2025, when just 35% expected prices to remain flat or fall. Still, that doesn’t mean homeowners are outright bearish. Only 16% anticipate home prices in their area will drop by 4% or more over the next 12 months.