The ongoing war in Iran is not only affecting geopolitical stability but is also having a significant impact on the housing market and everyday expenses for Americans. As mortgage rates climb, soaring by nearly £1,900, prospective homebuyers are facing increased financial burdens. Leading economists warn that the conflict may stall the housing market recovery, with forecasts for 2026 now looking bleak. Home sales are fluctuating during a typically busy season, while high interest rates and inflation continue to pose challenges for buyers. Reports indicate a cooling housing market, with pending home sales witnessing their largest decline in three months. Analysts suggest that these conditions could be further exacerbated by a looming global recession and increasing costs associated with the Iran conflict.