US Housing Market Stagnation

Bank of America economists warn that the US housing market is stuck and may not improve until 2026 or later due to high home prices, surging mortgage rates, and a limited supply of homes. The 'lock-in effect' is preventing existing homeowners from selling and moving, further restricting supply. First-time homebuyers are advised to remain patient.

US Housing Market Trends

The US housing market is seeing listings rise but buyers aren't showing up due to high mortgage rates. Sellers are cutting prices as inventory grows stale. Sales are falling in many regions, with some areas experiencing price reductions and a shift to a buyer's market.