US Housing Market Plunges to 2009 Levels: Experts Warn of Looming Crisis

April Home Sales Plummet to 2009 Levels: Is Another Housing Crisis on the Horizon? The US housing market experienced a significant downturn in April 2025, with home sales reaching their lowest point for that month since the 2009 recession. This alarming trend has sparked concern among economists and homeowners alike. According to Lawrence Yun, chief economist of the National Association of Realtors, "Home sales have been at 75% of normal or pre-pandemic activity for the past three years." This prolonged period of sluggish sales indicates a deeper underlying issue than just seasonal fluctuations. The video analysis further suggests that this slowdown is not an isolated incident but rather a symptom of a broader economic malaise. The author predicts that this situation, combined with the potential impact of tariffs, will lead to a sharp increase in housing prices. While the author's tone is somewhat alarmist, the data presented warrants attention from policymakers and consumers alike. The situation underscores the need for a comprehensive understanding of the factors driving the housing market's performance and the potential for future instability. Further investigation into the economic factors at play is crucial to mitigate potential risks and ensure market stability.