U.S. Homebuyer Count Hits Record Low as Seller Surplus Widens
Redfin data shows an estimated 967,000 buyers in July—the fewest on record—while sellers outnumber them by more than 51%, pushing nearly 80% of major metros into buyer's-market territory.
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Redfin data shows an estimated 967,000 buyers in July—the fewest on record—while sellers outnumber them by more than 51%, pushing nearly 80% of major metros into buyer's-market territory.
July home sales fell 4.1% month-over-month to their lowest seasonally adjusted level in nearly two years, with mortgage rates at a one-year high and record home prices squeezing buyers across the country.