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For three years, the housing market was frozen. Buyers disappeared, sellers refused to move, and prices stayed elevated because the standoff could still hold. I think that stage is ending. In this Buffett-style long-form audio piece, I explain what Phase 2 really means: not just weak demand, but a market where sellers are increasingly being forced to act. I break down the record-low pending home sales, collapsing affordability, six Fed cuts that failed to revive buyers, the 58% jump in underwater borrowers, rising FHA distress, the Sun Belt migration collapse, Florida condo chaos, commercial real estate debt maturities, and why forced selling is the real turning point that changes everything. Disclaimer: This is an independent, educational fan channel and is not affiliated with Warren Buffett or Berkshire Hathaway. AI-generated voices are used for storytelling and educational purposes only. This content is not financial advice. #WarrenBuffett #HousingCrash #Phase2 #RealEstate2026 #MortgageCrisis #UnderwaterMortgage #FloridaHousing #AustinHousing #Foreclosures #HousingMarketCrash #HomePrices #PersonalFinance