The U.S. housing market has reached a historic tipping point. According to a recent Redfin report, the gap between those looking to sell a house and those ready to buy one has widened to its largest margin since 2013.
With 630,000 more sellers than buyers currently active, the “lock-in effect” of low mortgage rates is finally shattering, flooding the market with inventory and handing buyers significant leverage for the first time in years.
