U.S. Housing Market Sees Record High in Home Sellers Amid Price Declines
The U.S. housing market is experiencing a record high in sellers compared to buyers, with nearly 500,000 more sellers than buyers, leading to a buyer's market and an expected 1% decline in home prices by the end of 2025. This shift is driven by high home prices, rising mortgage rates, economic uncertainty, and homeowners locking in low rates, causing many homes to sit unsold and prices to soften, especially in markets like Miami and Newark.