Thursday, February 12, 2026

Realtors Report a 'new Housing Crisis' as Home Sales Tank

High home prices, faltering supply and weaker consumer confidence in the economy all continue to weigh on the U.S. housing market. The chief economist for the National Association of Realtors, Lawrence Yun, is calling it "a new housing crisis."

Posted by qcp at 04:32 PM | 9 COMMENTS | permalink

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The chief economist for the National Association of Realtors, Lawrence Yun, says we are in "a new housing crisis." Home sales have dropped 8.4% from December to January, and are down 4.4% from a year ago. Yun says: "Americans are stuck." www.cnbc.com/2026/02/12/j ...

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-- More Perfect Union (@moreperfectunion.bsky.social) Feb 12, 2026 at 11:54 AM

Comments

People just don't know a Golden Age when they see one.

#1 | Posted by Zed at 2026-02-12 11:42 AM

Hedge funds have stopped buying up homes?
Say it ain't so!

#2 | Posted by snoofy at 2026-02-12 11:44 AM

Good work stinky!

Consumer confidence is tanking.

People are rightfully not buying new homes.

#3 | Posted by Nixon at 2026-02-12 05:24 PM

I'm glad I'm not an unthinking turd like lfthndcuck.

Otherwise, I'd still be locked into a house I couldn't offload when I wanted to move because I was still believing the narrative from 20 years ago...

#4 | Posted by jpw at 2026-02-13 12:11 AM

Paying rent to an institution... who taxpayers have to bail out when they overextend themselves to purchase our home...and sell it to us...hmmm... one of life's hardest decisions...

In the end... the banks DO own a house... which is something of value... the consumer gets nothing for their efforts.

meh
shrug

Don't see a problem

#5 | Posted by RightisTrite at 2026-02-13 10:46 AM

IOW, we're shifting to a buyers market?

And?

#6 | Posted by madbomber at 2026-02-13 11:02 AM

IOW, we're shifting to a buyers market?
And?

#6 | Posted by madbomber

We would be if homes were actually affordable.

#7 | Posted by jpw at 2026-02-13 04:23 PM

It's as if nobody can understand the real estate market.

It's not a "crisis" if home values level off and even go down some.

Calling it a crisis grabs headlines and makes people miserable.

If you read the article, all it points out is that sales are down.....not the prices.

#8 | Posted by eberly at 2026-02-13 04:42 PM

"We would be if homes were actually affordable."

They are affordable. Otherwise, they're not really for sale.

#9 | Posted by madbomber at 2026-02-14 08:40 AM

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