Why the Market Isn't Crashing in 2026

Many people I speak with feel like the housing market is going down. That feeling is often made stronger by social media headlines that focus on worst-case scenarios.

It's also important to remember that real estate activity naturally slows toward the end of the year and again early in the year after the holidays. When things slow down, it can feel like something is wrong, even when it isn't.

The image above helps explain what's really happening. Even though fewer homes are selling compared to the busy years of 2019 - 2022, home prices both nationally and here in Arizona have mostly stayed steady. That's not what a housing crash looks like.

A true housing crash usually involves many homeowners being forced to sell, loose lending practices, and major job losses. We're not seeing those conditions today. Lending remains strict, inventory is manageable, and most homeowners have built strong equity.

What we're seeing now is a market finding a healthier balance after several very active years. Because of that, there are still opportunities for both buyers and sellers when expectations are realistic, and the right strategy is used.

If you're buying, selling, or just planning ahead, I'm always happy to help you understand what makes the most sense for your situation.