The North American real estate market faces complexity as the U.S. Federal Reserve and Bank of Canada cut interest rates, easing mortgage costs but not resolving affordability issues. Regional disparities persist, with resilient markets in the U.S. Midwest, Northeast, and parts of Canada contrasting with cooling Sunbelt and major urban areas. Inventory constraints, driven by homeowners locked into low rates, limit supply. Future trends include gradual rate cuts, ongoing regional divergence, and a need for targeted policy solutions beyond monetary easing.