JPMorgan’s nationwide home price forecast hides a Sun Belt full of pain. Watch out, Florida and Texas

Supply and demand in the housing market will combine to keep home prices flat this year as President Donald Trump’s efforts to improve affordability barely move the needle, according to JPMorgan Global Research.

In a year-ahead forecast published Jan. 27, analysts said price growth will stall at 0% in 2026 after nearly doubling over the past decade, with a slight improvement in demand likely neutralizing a supply uptick.

Helping buyers is an expected dip in adjustable-rate...