January 2026 MBS Highway Housing Index

The MBS Highway National Housing Index saw a solid rebound in January 2026, rising 7 points from December to 34. A year ago, the index stood at 36. Lower mortgage rates are beginning to support transaction activity and put modest upward pressure on prices.

The labor market continues to show signs of softening, while new home construction lost steam last fall.

Listen as Scott Brixen breaks down the latest Case-Shiller home price data and explains why it’s considered the gold standard for measuring home price appreciation. He touches on emerging shifts in the market, why the national headlines don’t tell the whole story, and what the latest trends could signal as we head into 2026.