Housing prices around the country have been rising at a dizzying pace since the pandemic, increasing 6% on average in just the last year. With these rapid increases, homeowners can command a pretty penny in today's red-hot housing market. But according to Bank of America, there's still room for prices to go higher. AdvertisementBank of AmericaAlthough the Fed is expected to cut rates later this year, Bank of America doesn't foresee mortgage rates falling much in the near future. Prices could increase beyond 2026In this market, homeowners can take advantage of at least two more years of price appreciation.

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Persons: —, there's, Michael Gapen, Gapen doesn't, Gapen, Millennials Organizations: Service, Bank of America, Business, National Association of Realtors