Wow! So Many Upside-down Markets! Which Markets Are Surging Which Are Sinking
U.S. Housing Market Price Tracker Which Markets Are Surging, Which Are Sinking, and What It Means for Buyers, Sellers, and Investors A Housing Market Divided The U.S. housing market in early 2026 is telling two very different stories depending on where you look. Nationally, the typical home value sits at $358,968 according to the Zillow Home Value Index, barely budging at just +0.2% year over year. But that mild national number masks enormous regional variation — from markets surging over 20% to markets that have plummeted nearly 28% from their pandemic-era peaks. The Lance Lambert House Price Tracker, powered by ResiClub’s analysis of Zillow data through January 2026, paints a vivid picture of this divergence. Northeast and Midwest markets are on fire , driven by chronic inventory shortages, affordability-seeking migration, and strong buyer profiles. Meanwhile, Sun Belt and Southwest Florida markets continue to correct , weighed down by overbuilding, insurance crises, and the unwindi...