December’s 2025 housing market numbers looked better than November, at least on paper. For instance, sales across the country rose by 5.1%, reaching 4.35 million units according to the National Association of REALTORS. That data sounds okay, but when you look at the pending sales, which have dropped to their lowest level in months, it’s clear people still can’t afford homes.

Many experts anticipate a “2026 Great Housing Reset”, marking the beginning of a slow but meaningful shift in the United States housing market. This shift won’t be defined by a sudden crash or rapid rebound, but by gradual normalization after years of volatility.