The U.S. housing market is teetering on the edge as once faint cracks are now impossible to ignore. Listings are piling up, sales are stagnating, prices are declining, and builders are backing off entirely. Major metros like Austin and Denver are seeing inventory surges of over 50% from pre-pandemic levels, signaling buyers are retreating while sellers panic. Builder confidence has dropped, land deals are on hold, and new home sales have cratered. Moody’s chief economist Mark Zandi issued a blunt warning: this market is flashing red. With affordability in freefall and mortgage rates near 7%, the once-booming housing sector is now a full-blown economic headwind.

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PODCASTS 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.