Homebuyers finally have something they desperately wanted: more homes to choose from. New listings recently reached their highest level in four years, according to Redfin, while buyer demand barely budged.
That sounds like the moment when shoppers should grab their coffee, open the real estate apps and start circling houses like contestants on a game show. Instead, plenty of would-be buyers are still sitting on the sidelines. The reason comes down to a frustrating housing-market reality: having more choices does not automatically make those choices affordable.
