Is the Housing Market Crashing… or Just Normalizing?

Welcome back to The Shivers Report.If you’re confused about today’s housing market, you’re not alone. One side thinks we’re still in 2021 with multiple offers and sky-high pricing. The other thinks we’re back in 2009 with a 40% crash.In this episode, Nick and Keegan Shivers break down what’s actually happening in 2025—and why the truth sits somewhere in the middle.We talk about:• Why 62% of homes had price reductions in 2025 (and why that’s actually close to 2019 “normal”)• The danger of sellers using 2021–2022 as their pricing benchmark• Why buyers expecting a 2009-style crash are likely waiting for something that isn’t happening• What a balanced market really looks like—and where it’s still a buyer’s vs. seller’s market• Why markets like West Palm Beach, Fort Lauderdale, Miami, San Antonio, and Dallas are seeing heavy price reductions due to massive pandemic-era construction• How red tape and permitting in the Pacific Northwest are limiting new supply• The difference between nominal pricing and real pricing (after inflation)• Why real appreciation may be flat—or negative—this yearNick and Keegan also challenge agents to step up. With 71% of agents not selling a single home, education and expectation-setting matter more than ever.Bottom line: this isn’t a crash. It’s a reset back to normal market dynamics.The agents who understand supply, demand, pricing psychology, and real data will win. The ones clinging to 2021—or hoping for 2009—will struggle.