RE: Looking into 2026 and what can be ahead for US Housing Market

I think it is a combination of factors. Number one is that people know that they will have to borrow at much higher interest rates if they sell their home and buy a new one so incentive to lower prices is not very high. Second is the fact that you cannot lower the price too much as there are plenty of costs to sell and depending on the equity you built up you might walk away with almost nothing. And third like you said people are still remembering the 2022 when you could name your price and there would be a bidding war for it...