In many parts of the world, there’s continued vigor at the uppermost echelons of the market, where the most exclusive properties are traded and where affluent buyers are not beholden to fluctuating interest rates.

With the Fed cutting rates in late 2025, mortgage rates are projected to decline gradually through 2026. In a recent press release, Fannie Mae predicts rates could fall below six percent by next year’s end, potentially reigniting momentum and more brisk trading in the mid-tier of the market.

Meanwhile, investment outside the U.S. continues to gain traction as high-net-worth buyers look to diversify their portfolios while embracing the lifestyles of new destinations.

In California, The Agency's Co-founder and Vice Chairman Billy Rose anticipates upward pressure on pricing, suggesting that this may be the ideal moment to buy before the next climb.