If buying a home is on your list for 2026, now’s the time to start preparing. Experts expect a calmer market for buyers who plan ahead. Prices may stay steady, and if borrowing costs ease a bit, early 2026 could bring new chances for first-time buyers and move-up homeowners.

Why 2026 Could Be Easier for Buyers

The last few years brought ups and downs. Conditions are slowly settling. That doesn’t mean houses will be cheap or easy to find, so buyers who get ready early will have the edge. Aim to have your finances, pre-approval, and savings ready so you can act quickly when the right home appears.

Step 1: Organize Your Finances

• Review your budget to find a monthly payment that feels comfortable.
• Consider a homebuyer education class to learn budgeting, credit, closing costs, and the buying process.
• Start building savings now for your down payment, moving costs, and small repairs after closing.

Step 2: Strengthen Your Credit

• Check your reports for free at AnnualCreditReport.com.
• Pay down balances and avoid new debt before you apply.
• Make on-time payments to show steady history.

Step 3: Know the True Cost of Homeownership

• Budget for property taxes, insurance, and maintenance, not just the down payment.
• Keep a small emergency cushion for early repairs like appliances, paint, or minor leaks.

Step 4: You Don’t Always Need 20% Down

It’s a myth that you must put 20% down to buy. Options may include low-down-payment programs through conventional or government-backed loans (e.g., FHA and, for eligible veterans, VA). Many lenders also offer programs to help qualifying buyers. Explore choices early with a trusted mortgage professional.

Step 5: Focus on Readiness — Not Market Timing

Trying to “time the market” perfectly rarely works. The best time to buy is when you’re financially ready and the home fits your life. If conditions improve later, refinancing may be an option.