1018 ET - The U.S. housing market held to the steady pattern that has defined much of 2025 in November, Realtors.com says, but beneath the surface, two powerful forces continued to reshape activity. The first is an increase in delistings as more homeowners retreat, and the second is rise of "refuge markets," where buyers are finding the last remaining pockets of affordability. Both trends underscore how persistent affordability challenges are driving decisions. Some sellers are retreating after listing if the market doesn't meet their price expectations, while buyers are strategically redirecting to the metros that remain affordable. In 2026, Realtor.com says gradual improvements in affordability and more consistent inventory will be key to unlocking a more balanced market. (chris.wack@wsj.com)

(END) Dow Jones Newswires

December 08, 2025 10:18 ET (15:18 GMT)

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