Pretium sees metro-level divergence in 2026 housing market
Pretium Securities published a U.S. housing outlook that flags a shift from broad-based moves to sharp metro-level divergence in 2026.
About 70% of metropolitan areas posted positive year-over-year house price growth through March 31, 2026.
Market selection has become more critical as some metros show flat or negative appreciation, raising the risk of weaker residential returns.
An absorption index showed faster housing absorption in Columbus, Ohio, versus slower absorption in Austin, Texas.
Pretium kept a constructive national view, citing long-term underbuilding and demographic demand as support for risk-adjusted residential real estate returns.
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