US Housing Market Is Breaking. Will It Impact Stocks and Bitcoin Prices?

A record number is flashing across the US housing market. Sellers outnumbered buyers by 57.9% in August, the widest gap in Redfin records going back to 2013.

It sounds like America is drowning in homes for sale. But most can't find a buyer. Redfin estimates around 972,300 homebuyers left in the market.

America Has a Buyer Problem

Redfin counted 1.53 million sellers in August, the highest level since early 2020. Listings jumped 3.9% in one month. Buyers rose just 0.1% from July, when their number hit the lowest level in the series.

Supply is recovering. Demand remains historically weak.

"With sellers piling into the market and demand falling flat, today's house hunters can afford to be choosy," Redfin senior economist Asad Khan said.

The split is brutal in the Sun Belt. Nashville had 139% more sellers than buyers. Miami was at 138%, Houston at 131%.

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