September 3, 2025
COMING 2026 HOUSING MARKET BOOM WILL BE A BUST FOR SELLERS

There is no looming pot of gold. There is an enormous amount of pent-up demand among first-time potential home buyers for housing they can afford and among current downscale owners to upscale. And there is an equally enormous pent-up demand among home owners/sellers to unload their property for a bundle of cash. But that is NOT GOING TO HAPPEN. There will be no bundle of cash for sellers in 2026, no pot of gold, no $500-700,000 pay day, no seller’s market. And that is because potential buyers simply cannot now and cannot later afford  (nor get) a 400-600K mortgage; nor make a sufficient profit on their property sale. Quite simply you cannot sell if there is no money to buy. The coming glut of over-priced homes on the market means plunging prices and frustrated sellers. The current mortgage rate as determined by the Federal Reserve (Fed) and outgoing chair Jerome  Powell (whose term expires next May) is 6.6 percent. That means a fixed-rate 30-year loan of, say, $400,000, is going to cost over 26K-a year in interest. I was a lawyer for 44 years, did 2 to 4 closings per month, and have seen booms and busts in the market. Full Article...

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