US Housing Market Shifts as Seller Surplus Reaches Record Highs
TL;DR Summary
The US housing market is experiencing a significant shift with 500,000 more homes for sale than buyers, leading to a buyer's market, declining home prices, and increased seller caution, especially for those who bought at peak prices. Experts suggest that now may be a good time for sellers to list their homes before prices dip further, as demand continues to slow and the market cools.
- US housing market now has 500K more sellers than buyers — and it’s leading to a shift in the balance of power Yahoo Finance
- U.S. Home Sellers Are Sitting on Nearly $700 Billion Worth of Listings, an All-Time High Redfin
- America's housing market is cracking Quartz
- New listings slump. Have home sellers already called it quits? HousingWire
- It's a homebuyer's market — if you can afford one Axios
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