The U.S. housing market just flipped. We don’t have a housing shortage anymore — we have a surplus. But homebuyers still can’t afford to buy.
In this video, we break down why multiple economists warn the housing market could cause a recession, with Redfin reporting 57.9% more sellers than buyers nationwide, record price cuts, and mortgage rates back over 7%. You’ll see why new homes now cost LESS than existing homes, why builders are dumping inventory, and why a $450,000 house could leave families house poor.
We cover what this buyer’s market really means for you, your monthly payment, and your savings heading into a potential housing market crash and housing market 2026 slowdown.
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👇#housingmarket #recession #realestate
Timestamps:
0:00 – Housing Market Shift: From Shortage To Surplus
0:48 – Redfin: Record Power Shift To Buyers
1:52 – $5,000 A Month? Taxes, Insurance & 7% Rates
2:45 – New Homes Now CHEAPER Than Existing Homes
3:48 – Why Economists Say Housing Could Cause A Recession
4:45 – 57.9% More Sellers Than Buyers: 1.53M vs 970K
5:30 – 21% Cut Prices: Sellers Taking $125K Less
6:25 – Buyer’s Market But No One Can Afford It
7:00 – House Poor Warning: $450K House, $25K Down, No Savings Left
8:05 – What Happens Next?
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25 Comments
@georgejoed · October 6, 2026 at 5:47 pm
Been in real estate since 2005.
I have personal bought 26 homes in my life.
Its always up and down.
Only thing ive never seen was rent double.
After covid we had a housing disaster.
People who purchased paid way 2 much.
Homes in my hood where 60 grand. After covid they where selling for over 100.
That nuts.
Once it cools you are under water on loan.
@Wubby805 · October 6, 2026 at 5:47 pm
My assertion and observation are no one is addressing the numerous homeowners with vast equity they can't access. What's the point of the asset if it's illiquid? Prices will come down to meet the buyers where they are. It's easier to buy than to sell.
The owner with vast equity needs a buyer, not a cheap loan. Some will speak about getting HELOCs, etc. That's debt, not access to your equity.
Now the property simply has an additional mortgage, that doesn't benefit the homeowner, just the bank.
Having an inexpensive mortgage only mattered when you were buying, it doesn't benefit you at all if you're hoping to sell, unless you can transfer that rate to a buyer. Otherwise, it's meaningless to even introduce into the current conversation.
The longer the freeze continues, the more prices will come down until buyers return. This in turn drains the hard earned equity
@JavierBustamante-xh3ln · October 6, 2026 at 5:47 pm
About time to end up all this greed.
@rnskfamily7672 · October 6, 2026 at 5:47 pm
Golden age is here.
@kratos55m · October 6, 2026 at 5:47 pm
Boomers don’t wanna 💀JK JK, or downsize, retire, or sell at fair prices 😭😭😭😭😭😭😭 I make 7,5k a month and don’t qualify for nothing in any area with jobs for me as a vet 💔💔😭🚩💀🫠🫠🫠😰 they want $400-650k+++ in chapel hill, Carrboro area for me 🚩💔😭😭😭😭😭
@rogerpatterson7106 · October 6, 2026 at 5:47 pm
Bring the rates to 12% and leave them there it worked great in the 80S. Today's homeowners are delusional about these prices
@EntCat-1 · October 6, 2026 at 5:47 pm
The UK system is simpler and cheaper — here's the whole thing. Realtors need a reality check . Just greedy . Needs to be adjusted to help affordability
Example in the UK
1. Get free valuations from 2–3 estate agents, pick one. Sole agency is ~1–1.5% + VAT (so ~1.2–1.8% all-in), paid only on completion — no sale, no fee.
2. Agent photographs it, lists on Rightmove/Zoopla (open portals, no gatekeeping), does the viewings, negotiates offers.
3. You hire a solicitor or licensed conveyancer (~£1,000–2,000 fixed fee) who handles searches, title, and contracts.
4. *Exchange of contracts* — buyer puts down ~10% deposit, and only now is anyone legally bound. Then *completion* 1–4 weeks later: money moves, keys released.
*Buying:*
– No buyer's agent exists as an industry. You browse portals yourself, offer through the seller's agent (who works for the seller — no duty to you), then hire your own solicitor (~£1,000–1,500), get a surveyor's report (~£400–700), and your solicitor does the searches and legal work.
– You pay Stamp Duty (SDLT) on top — tiered, buyer's cost. No transfer tax on the seller like NYC.
*The big cultural differences:*
– *Nothing is binding until exchange.* Either side can walk away before that — "gazumping" (seller takes a higher late offer) and "gazundering" (buyer drops their offer at the last minute) are legal and common. About a third of UK sales fall through.
– *Chains.* Most sales depend on a chain of linked buyers/sellers all completing the same day. One broken link collapses the chain. This is the main reason UK transactions take 8–12+ weeks and feel precarious.
– *Leasehold.* Most flats are leasehold, not owned outright — ground rent, service charges, and (post-Grenfell) cladding liabilities that have trapped owners in unsellable flats. Always check the lease length and service charge history.
*Why it's cheaper:* one agent instead of two, open portals instead of a closed MLS, commoditized fixed-fee conveyancers, and no board packages or closing circus. Total transaction friction on a £2M sale is roughly £30–40k vs ~$220k in New York.
Scotland is the exception — there, offers are binding much earlier and sealed bids are the norm, so it's actually more secure than England
@user-ms3ko5gn8e · October 6, 2026 at 5:47 pm
I bought in 2025. Paid about 30% less because it's quite the fixer upper. I went for it because it's my dream beach lot.
@holybarefootboy · October 6, 2026 at 5:47 pm
Jesus Christ is the One True Living God and Father born as a man. Prepare your soul and not body for the things that are coming upon the earth.🙏
@michaeldubin8220 · October 6, 2026 at 5:47 pm
There's no recession risk because we're in a depression
@dick-vn3yv · October 6, 2026 at 5:47 pm
Most of us have been a recession for the last 3 years.
@UFO-UAP-DON · October 6, 2026 at 5:47 pm
Prices have to come down a hell of a lot more. If you sell for less you can buy for less.
@Arbadella-jv7rh · October 6, 2026 at 5:47 pm
I don’t see prices falling around me, but there are a lot of for sale signs…we will see. Rates are ridiculous!
@candyman301 · October 6, 2026 at 5:47 pm
They are lowering them a whopping $2000. When its still 250k overpriced
@michaelopheim7549bmw · October 6, 2026 at 5:47 pm
But you said we would have stimulus checks by now 🎉🎉
@azulrevolver · October 6, 2026 at 5:47 pm
Yeah, a recesion is not coming, it's already been here. The numbers are fake.
@madelinevegas8123 · October 6, 2026 at 5:47 pm
We are in a recession already open your eyes.
@Robert-ve8xt · October 6, 2026 at 5:47 pm
I just dropped a huge log
@puggychu · October 6, 2026 at 5:47 pm
What average wage earners can afford even a low-end home in California anymore?
I have moved last year & my property tax doubled & now just got hit by additional "special assessments and fixed charges" tax on my home for near $3k more. WTH. It's like having a mini mortgage you never can pay off for the rest of your life.
@subliminal38 · October 6, 2026 at 5:47 pm
😂 Could see a recession? Sure in the absolutely best case rainbow and butterfly scenario. If you have eyes to see, open them. All the signs are pointing to a vastly worse situation that will require a… Let's say it together… RESET. It's global layers on layers of 💩
@mateovanilla · October 6, 2026 at 5:47 pm
Housing prices haven't dropped enough
@mateovanilla · October 6, 2026 at 5:47 pm
Equity is inflation
@rubyferrante101 · October 6, 2026 at 5:47 pm
Thank you for the information
@TheCircle2017 · October 6, 2026 at 5:47 pm
You know the economy is garbage when a new vehicle cost more than what the average American makes in a year, just saying 🤗
@jayc4715 · October 6, 2026 at 5:47 pm
Prices are dropping..but I want them to drop MORE