Why the Housing Crisis Keeps Getting Worse

Why the Housing Crisis Keeps Getting Worse

Housing Market Breakdown
Aug 29, 2026

Why Housing Still Feels Broken - Steven Thomas

This housing market update from Steven Thomas of Reports On Housing explains why the housing crisis continues with little relief for buyers or sellers. The analysis breaks down four years of elevated mortgage rates, frozen transaction volume, sticky home prices, and the growing disconnect between buyer and seller expectations. It also examines the three forces behind housing affordability and why meaningful improvement may come slowly through rising incomes rather than a housing crash or dramatic drop in mortgage rates.

👉🏼 "Housing Debrief" - Season 7, Episode 33 👈🏼

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*The content in this video is accurate as of the posting date. This is not investment advice.

Time Stamps:
00:00 Introduction
00:36 How the Housing Crisis Started
02:50 Four Years of Elevated Mortgage Rates
04:11 Why Housing Has Stayed Frozen
06:03 The Buyer-Seller Disconnect
09:45 When Will Housing Improve?
10:33 The Three Drivers of Affordability
13:34 Why Housing Improvement Takes Time
14:31 Housing’s New Normal
16:27 Conclusion