Local engagement is shrinking everywhere, even in cities once dominated by hometown buyers.

Zumper data suggests the sharp corrections of 2025 may be behind the market, with milder drops ahead.

Individuals own nearly 60% of one-unit rentals, surpassing corporations and REITs, even after recent ownership shifts.

Lower mortgage payments and rising household incomes offered buyers some relief.

Class C units accounted for the highest share of concessions offered.

Still, the housing market remains healthy nationally.

The performances, however, were uneven.

This comes as interest rates become more favorable to buyers.