Mortgage rates have climbed above 7%, putting renewed pressure on buyers, sellers, and the broader housing market. Steven Thomas and Brennen Thomas examine the rent-versus-buy debate, housing crash predictions, and whether today’s market is becoming increasingly K-shaped. The episode also breaks down why condos and townhomes are struggling more than detached homes and what higher rates could mean heading into 2027.


Got questions? Drop them in the comments or email us at brennen@reportsonhousing.com for a chance to have them featured in a future episode!


Time Stamps:

00:00-Introduction

02:16-Housing Supply, Demand, and the Autumn Market

04:19-Why Mortgage Rates Hit 7%

07:40-What 7% Rates Mean for Housing

10:15-Renting vs. Buying and the Break-Even Point

14:58-Is the Next Housing Crash Closing In?

20:22-Is Housing Becoming K-Shaped?

22:02-Why the Condo Market Is Struggling

25:53-Final Thoughts

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