This episode of Let’s Talk Housing features Steven Thomas of Reports On Housing breaking down whether today’s frozen housing market is becoming permanent. The discussion covers supply and demand trends, mortgage rate volatility, geopolitical risks, and why affordability remains the biggest challenge for buyers. It also examines why forecasting rates has become increasingly difficult and what today’s elevated price reductions actually mean for the market.
This data-driven episode explains the realities shaping housing in 2026.
Got questions? Drop them in the comments or email us at brennen@reportsonhousing.com for a chance to have them featured in a future episode!
Time Stamps:
00:00-Introduction
03:48-Supply, Demand, and Market Speed
06:02-Iran Conflict and Mortgage Rates
08:35-Is Housing Permanently Broken
11:42-Buyers Returning to the Market
13:48-Can Mortgage Rates Be Forecasted
18:07-Price Reductions in 2026
21:23-Why Sellers Keep Missing the Market
23:35-Conclusion
Stephen ThomasHost
Brendan ThomasHost