- Huge stat, and 100% accurate. The housing market is facing a massive bottleneck. Why? It’s priced out, high carrying costs killed the average buyer’s purchasing power. Also we seeing stagnant supply. Sellers are testing the market, but houses aren’t moving. We are witnessing a standoff. Prices will have to soften to clear this inventory. – Karol K
- 600,000 more sellers than buyers and mortgage rates still above 6%. The people who need to sell can’t find buyers. The people who want to buy can’t afford to. That’s not a cooling market. That’s a generational wealth transfer in reverse. – Zurvan
