The Housing Market Is ‘STUCK’ Until At Least 2026

First-time homebuyers in the US face a prolonged period of high mortgage rates and soaring home prices, with Bank of America economists predicting the housing market will remain "stuck" until at least 2026. Despite potential Federal Reserve interest rate cuts, mortgage rates may not significantly drop, and home prices are expected to continue rising due to an ongoing housing shortage. The "lock-in effect," where homeowners with low pandemic-era mortgage rates are reluctant to sell, further limits supply. This scarcity has driven the median price of a previously owned home to a record $419,300, creating a historically unaffordable market. The stagnation is evident in the record low pending home sales, as existing homeowners hesitate to move and new buyers struggle to afford homes. While experts like Dave Liniger of RE/MAX advise patience, the divide between current homeowners and prospective buyers grows, with the latter missing out on wealth creation. The market's future depends on economic conditions, with potential scenarios ranging from further price hikes if the economy stabilizes without a recession to possible price drops if a recession occurs, temporarily easing affordability.
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LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

[@OmniCloud987]

Ironically, 2026 was my new target date for getting a house after I backed out of something that just wasn’t right for us.

[@dbearden3232]

Unfortunately i think this is correct. Everyone is complaining here in Utah about prices but i still see homes selling quickly at inflated prices. They arent coming down any time soon.

[@heathercontois4501]

It's probably the private investment companies snatching them up so quick. Maybe...

[@Lss608]

I agree, the same here in TX

[@alexking358]

Someone mentioned “we don’t get hurricanes in Montana.” I would like to add we don’t get hurricanes but we do get hurricane force winds... and tornadoes.

[@TheVideoNorm]

Most dangerous part of hurricane is flooding. I saw watermarks well above official recorded levels in Fla Keys. Some boneheads chose to ride out storms in areas projected to have high floods and you could see them recording from the inside of their houses water above the highest windows of the homes. Luck prevented those windows from breaking/leaking and inundating the homes and drowning occupants. Folks in Ft Myers, Fla 2 years ago during Irma not so lucky.

[@joeburton7784]

i work as a real estate photographer here in ny (about 60 miles north of nyc). most of the listings i shoot have offers within days…and the bidding wars are still happening. still hearing about $50k over asking. and these are places between $400k-700k. so, it’s still a little crazy here.

[@annagreco7470]

Around the Ulster County or Orange County? Or another county?

[@KristinaSmallhorn]

I’m hearing the same.

[@rogeliobarraza1772]

Whyyyy?? People probably think housing will run out

[@Lss608]

I've read that Experts are encouraging future homebuyers to purchase homes now and refinance within a few years.

[@amosfleetwood1648]

I built my house ten years ago. Done all the work myself. With some help from the wife from time to time. It cost me $23,000 to build a 1200 sqft home. Today, it would cost me 4X that. To build the same exact house. The price of materials are crazy high now. It might even cost more than that. Osb back then was $5.85 a sheet. Today it's $21.00.

[@KristinaSmallhorn]

Congrats on building your home yourself. Thats so awesome!!

[@mauriceevans6546]

Building my own home now, and I can testify to the truth of your statement

[@NovaDoll]

People always think CA would have the highest people losing their homes. Just so everyone knows. CA basically doesn't raise their property taxes each year. So you don't get the crazy swings like you do in Texas or other southern states.

[@jonathanjacques7250]

Exactly

[@trapmuzik6708]

didn't know that makes sense my property taxes skyrocketed last 3 yrs

[@jdon1114]

Prop 13….

[@The_Varza]

They do get insurance increases or get dropped by insurance and stuff like that. But yeah, I think it's mostly sharply increasing rents that drive people out or make them homeless over there.

[@Yourmtgadvisor]

When you take over someone else’s mortgage is when you assume their loan. Conventional loans are not assumable. FHA, VA, and USDA are usually assumable loans

[@judyfabion8849]

Carefully evaluate the fees and costs related to a reverse mortgage and if the interest rate is variable and how much it can go up. You still have to pay all property taxes, insurance, HOA, and maintenance costs.

[@cstone6267]

The earliest hurricane was June 9th 1966. Love your show!

[@KristinaSmallhorn]

Not at this strength. It’s wild to be so strong this early.

[@anneford5906]

Foreclosures are going to increase....2008 and worse coming

[@KristinaSmallhorn]

Time will tell and I don’t think this will be countrywide. I think it will be very area specific.

[@bmoreblondie6301]

If bunch people jump on these zero down 2nd mortgages your gona have alot of foreclosure coming

[@cherylcampbell7495]

I heard it’s going to take probably ten years for the economy and everything around it to recover from the past four years.

[@KristinaSmallhorn]

I’ve heard the same thing.

[@bronxcartel6193]

Recover from what if there’s no crash

[@Thegoodlife4me]

Basically to accept the Reset. They told us this was the great reset. This is where we are.

[@iramadloh6458]

last time a few yrs ago we had this heat this early,,,the winter that year was one of the WORST in history

[@KristinaSmallhorn]

We didn’t have much of a winter last season in Louisiana. I know it’s hard to believe but it does get cold here in the winter and we never really got cold once.

[@larrymcclain8874]

What if interest rates decline? Usually, prices rise when this happens.

[@MetalPhoenix79]

Kansas City, brand new home charging $103/sq ft.(3 bed/2 bath/2 car garage). Sitting on the market for almost 4 months!! Existing homes are $150-$175/sq/ft. You can't tell me there isn't a decline coming. Especially, if we see unemployment tick up.

[@julianparks3325]

? Why can't I afford a 160k home that was foreclosure on with fany with me n hubby make 4 k a week

[@swamphawk6227]

It's not red vs blue; it's the deepstate vs you

[@portersblackboard]

LOL!! Romper Room . . . I'd forgotten about that!

[@KristinaSmallhorn]

Why did that pop up in my tiny brain 🧠 all of a sudden? 😂🤣

[@karenstrain1152]

Not stuck in Florida…

[@carolynbailey4530]

I read somewhere that insurance companies own about 11 percent of commercial mortgages and that’s why they are increasing their prices, cover losses in that sector

[@wlixmary]

I just had this very same conversation with a client : USDA vs bank loan - Saving $150/$100,000 borrowed (or even $300), on a loan payment

[@hellome8826]

We are in the middle of escrow and we have finished the inspection and appraisal. We called to get insurance quote on home and found out the seller had a $60k prior home claim in 2023. We already past the inspection and appraisal contingencies. Should we as buyers be concerned about finding home insurance?

[@bmoreblondie6301]

I would be

[@GenXamerica]

I’d be more concerned about how much it will cost you.

[@KristinaSmallhorn]

I would be pricing out your insurance right now. Don’t wait to it’s too late.

[@hellome8826]

Thank you that’s what we are doing now is checking out quotes to see how much will be to insure the house with the prior claim.

[@KESPepperCorn]

If my neighborhood saw prices increase 80% from 2020 to 2022 and now inventory is double and nobody will pay the 2022 prices , and prices come down 40% from that 80% , do you call that a crash of is that just a correction?

[@yellaboymike561]

Correction in my opinion

[@emmaschauer5409]

I think a crash is also a correction, it's just that we perceive it as being more dramatic.

[@emmaschauer5409]

We may be needing to relocate for work at some point in the nearish future. We just purchased our home in March of '23. I am hoping we will be able to sell it before we are underwater with it, because we don't have the savings to bring to closing, and we still will need cash to move 1500 or so miles away. I've seen home prices falling in our neighborhood, and it makes me nervous. Yikes.

[@petrobull2560]

Stay safe!

[@stevebouboulis7776]

Every major news outlet is using the same title because it’s clickbait

[@KristinaSmallhorn]

I counted at least 10 major news articles using the same headline.

[@marksgoogle4360]

Actually inventory is taking off and going nowhere

[@The_Varza]

Pffft, it's not a solar flare I want, it's a gamma ray burst.

[@portersblackboard]

I am so waiting for your video on Westchester Modular Homes!

[@KristinaSmallhorn]

Late Tuesday. It’s coming!!

[@user-onyoutube868]

Hurricane Alma made landfall in the US on June 9, 1966. Hurricane Audrey hit on June 27, 1957. Hurricane Able May 21, 1951. Etc., etc., etc... Insurance premiums should be lowered. 😂

[@time10001]

our brick house still for sale... one year later, in Taylor, TX.... please, can someone buy it? lowered the price a lot already!

[@cbbcbb6803]

Are insurance companies investing in real-estate companies, the ones that are buying up whole neighborhoods? Just curious.

[@KristinaSmallhorn]

Private equity are buying the most in concentrated areas to dictate market rates for rental.

[@julianparks3325]

Love watching you all over. # so right

[@julianparks3325]

? Can you get Kyle back on to talk about a 203k loan n affordable homes

[@KristinaSmallhorn]

I need to reach out to him. Thank you for the reminder.

[@Bav92]

$10,000 /year? Mine is $1000 in Michigan for a $425k home 😅

[@trapmuzik6708]

property taxes is expensive in the South

[@warrenlucier5796]

Enjoyed the conversations and hope the market readjusts on a path to being affordable too.

[@courtneynicholson122]

Portugal sounds good...i've looked into it!

[@KristinaSmallhorn]

I concur!!

[@cheryllewis590]

Question: It is a coordinated attach like everything else but like you said they can't predict it - and they we are not as sheepish as they think. What do you think about building a home in this economy and housing market?

[@KristinaSmallhorn]

Can you or have the ability to build it yourself?

[@businesscat2895]

We're trying to cash out now so we can move somewhere to the boonies where we can setup mobiles homes, RVs or whatever we want at a fraction of current costs on paid for land free of mortgage or rent. Hopefully we can get out before our local market implodes.

[@amprg]

I bought a property in 2021 from someone who had your logic. He regrets now. He ended up being renter. I suggest thinking twice before giving your house away.

[@House_hacker_619]

Be careful what you wish. I know someone here in San Diego sold their condo in 2022 and made 100k in equity. They thought market was going to crash and now regretting it so bad. They’re blaming their realtor friend for urging them to sell it. Their mortgage including hoa was only 1600 and now they’re renting and paying 2500. They can’t buy anymore because houses and rates went up.

[@businesscat2895]

​@@amprgPay rent to who? We intend to develop a lot that we will fully own elsewhere, mortgage free.

[@businesscat2895]

​​@@House_hacker_619My only lifetime regret is not buying NVDA and AMD back when they were sitting at $17, $2 per share respectively.

[@nicolejennings8389]

Stuck or they can't find buyers who are willing to pay 30 times their annual income and high rates for a house?

[@CHARLIEGIRL775]

The show was Romper Room :-)

[@deborahnagel9011]

I seen a video with this climate scientist ,say the reason the carbon is so high and climate change is so high is because the tundra is melting .

[@janetmacdonald2823]

NASA and int'l research groups keeps track of natural cycles in weather - sun cycles, same as days, seasons, just longer. History documents a solar minimum when not enough sunlight caused crop failures. From that famine, "unrest", so gov't, economy affected. No SUVS or electric ⚡ power use to blame it on. Belief systems will be all over the map, of course.

[@ladycactus110]

Watch real scientists: William Hopper, Willie Soon, Tony Heller. Watch Philosophical Investigations. Don’t fall for the propaganda. We need MORE CO2.

[@KristinaSmallhorn]

I don’t even pretend to understand that stuff. It’s way beyond my pay grade.

[@trapmuzik6708]

this is a well known FACT

[@kandicerotten802]

I just watched the current location of the hurricane right b4 I clicked on your video!!!

[@KristinaSmallhorn]

They weeble and wobble so much its so hard to gauge where they will eventually land.

[@deborahdeist7860]

Here In the coal region homes are cheap. But it will be 2025 for me.With a new president interest will change. I have a year for my lease to be done. Is there any way to get out a lease early?

[@bdtn342]

Hurricane season is June 1st - December 1st. It's not uncommon to have a hurricane in june.

[@laranadesign4764]

@15:00 I know it feels that way, but people in hospitals will be among the first to die when systems go offline. A friend of mine works the graveyard sift keeping life support computers fully operational. All of lives saved (and yes, the comforts that also come) thanks to modern tech are realized when we suddenly do not have those systems to rely on

[@timothyyoung4061]

If you turn off fuel pipelines, cancel oil drilling platforms, give billions to Ukraine to launder back to Politicians in US, then your going to have inflation, your food gathered and is transported with fuels.

[@WillJohnsonSD_Inspector]

Real estate is local, period

[@chefalexatlarge7350]

40 year insured mortgages

[@mihaelameyer1297]

Exactly

[@kathyslage7059]

No. You are TOO SMART for Congress. Our Corporate Overlords want them dumb.

[@BohwanPark-bw4lw]

sup Eric

[@rigor601]

Do you have to have homeowners insurance???

[@physicshypernova2083]

@@rigor601 as far as I know you do as long as you are still paying on the mortgage unfortunately.

[@trapmuzik6708]

if u have a mortgage yes

[@KristinaSmallhorn]

If you have a mortgage you have to carry insurance. If you don’t have it they force a policy that’s expensive and covers barely anything.

[@physicshypernova2083]

@@KristinaSmallhorn I’ll add here that people need to be careful if you switch insurance companies to try and find a lower rate because you will need to make sure that the bank gets the information that the insurance company is supposed to send to your bank. We recently (2022) bought our house and had this issue. They seem to just want to make life in society a headache.

[@KristinaSmallhorn]

@@physicshypernova2083 everything it’s just too difficult for no reason all the time.

[@karenjensen2345]

Romper room

[@wlixmary]

Roomper Room

[@pineapplesoda]

Please stop placating the flat-earthers who have politicized simple scientific observations. Just ignore them.

[@julianparks3325]

Watch a news thing about Oregon the police is living out of a rv n the street

[@carolplank9440]

Come on man lol

[@julianparks3325]

I want share Kyle with anoy 1 ❤❤

[@Truth-op3be]

I thank the LORD Jesus Christ we brought I’ll our home in middletown NY interest rate was 2.25 % in 2019 at the time you’re not going to see that again ‼️🙏

[@josecasas1807]

If your channel is serious, please stop dancing

[@MySonsMother]

She has nearly 300k subscribers. That is who she is. I’ve met her. She’s the real deal.

[@KristinaSmallhorn]

I’ve always done it. Not everyone is going to like it and that’s okay I’m not for everyone.

[@josecasas1807]

Well, maybe you would have a lot more followers if you didn’t look ridiculous

[@ajra6914]

oh when the trump comes marching in,.,.,.., wheeen tha trump comes marchin in...oooh tha hooousing might be plenty when tha trump comes marchin in..............An all tha reg's start pealin off when tha reg's start pealin off ..oooh ya know tha song sings softly.............. WHEN ,,,tHA tRUMPPPP. cOMES marchinnnnn ....innnnnnnnnn

[@discountvacationrentals]

We thought the same, Portugal 🇵🇹 😅😅😮