US home sellers are now estimated to outnumber homebuyers by over 580k (63%), the largest gap on record with data going back to 2013.
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San Francisco home sale in the inner richmond / lake street at $7M over asking price
Mortgage demand is expectedly plummeting as 30 year mortgage rate tops 7.59
Someone tell the House
I don’t know who needs to hear this but we need to build a ton more houses or we risk Gen Z checking out from life.
Just so many young people think it’s not even worth trying for the American Dream.
When the mean house price is over $400k, we got a problem.