NAR Confirms: Housing Market CRASHED
Pending home sales CRASHED 10% in December… and everyone's panicking. But here's what the headlines won't tell you:Inventory dropped 18% in the same month. Buyers didn't have anything to buy. And now? Pending sales are up DOUBLE DIGITS in January. Mortgage applications up 28%. Agents messaging me saying they're the busiest they've been in years.This is EXACTLY what I've been telling you was coming. This is the setup for the biggest spring rush we've seen since 2021. And if you're not positioning yourself RIGHT NOW, you're going to miss it.In this video, I break down:
✅ Why December's "crash" was actually predictable (and I missed the signal)
✅ The ONE data point that explains everything (18% inventory drop)
✅ What's happening in January that changes the entire narrative
✅ Why homeowners are in the strongest financial position in US history
✅ How the $200B MBS purchase compressed spreads and brought rates below 6%
✅ My predictions for spring 2026 and why it's going to EXPLODETHE TRUTH: American homeowners don't have to sell. Delinquency rates are at historic lows. The "crash" in December wasn't distress—it was buyers waiting for better inventory. And now that rates dropped and momentum is building, they're flooding back in.I called 2021 when we were locked down in COVID. I called 2022 when everyone said prices would crash 40%. I called August 1st, 2024 as the bottom. Now I'm telling you—2026 is OUR time.But you have to understand the cycles. You have to learn to work WITH the market, not against it.
👉Apply for a coaching call with Ricky:
I agree with you. I knew the buyers were out there just waiting for the right home at the right price. I had a little clash with my agent. I priced my home just under what I thought was market value (he agreed it was a good price) and we had like 4 showing requests with the first two days, and had a full-priced offer also within just a few days. Unfortunately they asked for a $15k closing credit. My gut told me that we could get multiple offers, but my agent told me if we didn’t accept the first offer we would be sitting on the market for a year. He kept accusing me of being in Covid peak mindset and I was like, no, that’s not it. Covid peak would be if I were expecting to get $20-30k above my comps. As soon as we accepted the offer we got 10 more showing requests for the next couple days. I’ve never been so upset at myself.
Realtors just want to get paid. A $15,000 discount is meaningless to their commission so they don’t care.
@goldenparachute392 It crossed my mind that he pushed to accept the offer so he could have the glory of a full-priced offer in less than a week. But he’s a friend of ours and a good guy, so I’ve put that thought thought out of my mind and have tried to have grace about it in my heart. The person I’m upset with is myself because I doubted my instincts and was a pushover. And also didn’t listen to a family member who wanted me to wait for a better offer.
Sue the Agent
So … click bait.
Hello Ricky
Lol omg 10% ccccrrasshhhh, I’ll take two!
December is always slow. I had a closing but spent most of my time on improving my systems, planning, and taking some time off to be with my family. 2026 is going to be amazing!
Slower this year than last year.
“2026 is going to be amazing!” 😂
No im a buyer sitting on the sidelines. I know 4 people personally who refuse to buy in this inflated market. Grove city Ohio. Soon as prices normalize i will be first in line to pay a fair price. All these homeowners are being rediculous and delusional
Sellers can keep their overpriced houses
Put my down payment and closing cost fund into the market.
F these overpriced houses, the owners can have em and the holding costs with em.
foreclosures incoming. That’s where ur deals will be .
I have 120k down payment and still can’t afford to buy. I got 5 kids my payment needs to be about 1200 after my down payment. And in this market i can’t get it lower than 1400 and those houses need work! Gosh it’s brutal out here.
this dude is dilusional.
What you forgot to mention is everybody’s living paycheck to paycheck there was 2.5 million layoffs last year interest rates are still gonna be historically at a median price which puts most homebuyers out of reach and foreclosures were up 21% last year. There might be a little blip on the radar of people moving, but that’s gonna be the people that have to sell and they always sell or buy in spring time anyways but the overall market is not gonna start to turn until prices come down by a lot most people don’t want to catch up falling knife, and that’s what this is. Prices will continue to decline. Foreclosures will continue to rise. Layoff will continue to happen.
Homeowners are in the best financial shape in history! Delinquencies are at historic lows. Jobless claims are also low. There is zero evidence of a rise in forclosures or price declines. Show me some data that makes sense instead of just gut feelings.
If you real estate agents wanna really make some money, learn how to do short sales because there’s gonna be 1 million of those coming on the market
The problem isn’t the interest rate it’s the prices of the houses are 2 to 300% higher than what they were pre-pandemic I keep telling everybody it’s the price it’s the price it’s the price you make money or you save yourself from losing money when you buy at a great price
Is housing wire a paid subscription?
Nope I refuse to over pay for your house. Not my fault u over payed and now trying to pass that off to me.
I’ll deal with interest rates. It’s the seller that will take the loss for their poor financial decisions not me !!!