 So why are people freaking out? The housing market is stuck until at least 2026 per Bank of America. They said that that help is not going to be on the way for first time homebuyers who are very frustrated by high mortgage rates, higher home prices. Economists are warning that the U.S. housing market is stuck and they are unconvinced that it will become unstuck until 2026 or even later. And they said that home prices are going to stay high and perhaps go even higher. And the housing shortage shortage will persist.