First American

On the Road to Recovery? The 2026 Housing Market Outlook.

Mortgage rates have retreated from their highs, offering a bit more breathing room for buyers. Applications and sales have lifted off the floor, but the market isn’t back to a familiar groove. The Federal Reserve is threading the needle—finishing the job on inflation while trying to keep the labor market intact. A “frozen” jobs landscape, with muted hiring, is dampening mobility and keeping turnover low. The path forward likely comes from steady life-event demand, incremental affordability gains, and a gradual release of rate lock-in. In this webinar, we’ll tie the macro to the micro: why thin existing-home supply remains the binding constraint, how new construction provides the release valve, and which leading indicators matter most on the road back to normal.


Recorded December 2, 2025

SPEAKERS

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Jerry Braakman
President, Chief Investment Officer
First American Trust
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Odeta Kushi
Deputy Chief Economist
First American Trust
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