America’s housing market just hit pause. Home values grew only 0.1% this year, Zillow says — the weakest since 2008. Mortgage rates near 7.5% are freezing buyers out. The average home now costs $363,932, but prices have stopped climbing. Historical trends reveal similar near-zero growth before major recessions in 1973, 1982, 1991, and 2008. Analysts warn housing is now in a recession, echoing Scott Bessent’s claim, as inflation-adjusted home values drop 2.3%, suggesting prices could finally turn negative in 2026.