The housing market is frozen and Job loss fears surge to record highs across all age groups

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Americans are worried about their jobs:

Consumers aged 18–34 now perceive a ~33% chance of losing their job over the next 5 years, the 2nd-highest on record.

The 3-month moving average of this metric has risen ~10 points over the last 3.5 years and now exceeds the 2008 peak.

For Americans aged 35–54, the 3-month average has reached ~30%, the highest on record.

Even consumers aged 55+ have become the most pessimistic on record, with their perceived probability of job loss at ~15%.

All while 68% of Americans now expect higher unemployment over the next 12 months, near the highest percentage since 2008.

Job security is weak at best.

Housing turnover at a 30-year low shows the US real estate market is still in a deep freeze

For all of the hope in the air earlier this year about rising inventory and easing mortgage rates, the US housing market still looks pretty stuck.

The pace at which US homes are changing owners dropped to the lowest in at least 30 years, according to a new Redfin analysis of MLS and public records data.

The real estate listings site estimated that around 28 out of every 1,000 homes in the US changed hands in the first nine months of the year. That’s the lowest turnover rate the housing market has seen year-to-date since at least the 1990s, the firm said in a report last week.

https://www.businessinsider.com/housing-market-frozen-rate-lock-mortgage-rates-real-estate-market-2025-11

Economic anxiety rises as 47% of Americans doubt their ability to find good jobs, up from 37% in October 2023.
High costs for groceries, housing, healthcare and electricity persist, with 36% citing utility bills as major stress.
Trump’s 36% economic approval rating mirrors Biden’s struggles, as tariffs and hiring freezes dampen a promised boom.
https://www.latimes.com/business/story/2025-10-20/how-americans-are-feeling-about-their-chances-on-the-job-market-according-to-an-ap-norc-poll

The housing market is frozen:

53% of all US homes have lost value over the last year, the largest percentage since 2012, according to Zillow.

This is despite national home prices remaining unchanged on average YoY.

In Denver, 91% of home values have fallen from their peaks, followed by 89% in Austin and 88% in Sacramento.

Dallas and Phoenix follow at 87%, while San Antonio stands at 86%.

Nationally, the average decline in home values from peak levels is -9.7%, still far from the -27.0% decline seen in 2012.

The housing market is stagnant.