The U.S. housing market is showing no signs of recovery as 2025 enters its fourth consecutive year of decline. Home sales have plummeted to levels not seen in three decades, with the market squeezed between two opposing forces: stubbornly elevated home prices that refuse to budge downward, and mortgage rates remaining at levels that keep most buyers sidelined. This macroeconomic headwind raises questions about consumer purchasing power and broader economic resilience—factors that ripple through risk assets including crypto markets.