The U.S. housing market is experiencing its strongest buyer’s market on record, with 57.9% more sellers than buyers in August. Listings rose 3.9% while buyers increased only 0.1%, shifting negotiating power to buyers. Despite this, high mortgage rates near 6.7%-6.9% and elevated home prices limit affordability. Some Sun Belt cities have over twice as many sellers as buyers. Inventory is at its highest since 2020, while sales decline.
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