There Are 630,000 More Home Sellers Than Buyers—the Biggest Gap on Record
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Wire
Redfin reports the strongest buyer’s markets are in the South, while the strongest seller’s markets are in the Northeast SEATTLE--(BUSINESS WIRE)--There were an estimated 46.3% more home sellers than buyers in the U.S. housing market in February (or 629,808 more, in numerical terms), according to a new report from Redfin, the real estate brokerage powered by Rocket. That’s the largest gap in records dating back to 2013 and is up from 29.8% (or 449,409) a year earlier.Redfin defines a market with over 10% more sellers than buyers as a buyer’s market. By this definition, it has been a buyer’s market since May 2024.When sellers outnumber buyers, buyers typically hold the negotiating power because they have a lot of options to choose from. That’s why a market with a lot more sellers than buyers is considered a buyer’s market. Of course, it’s only a buyer’s market for those who can afford to buy. High housing costs and economic uncertainty have caused many house hunters to retreat, crea
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- February's $30M+ Home Sales Cluster in Florida and NYC—Including Two in the Same Barrier Island Enclave [Yahoo! Finance Canada]Yahoo! Finance Canada
- February’s $30M+ Home Sales Cluster in Florida and NYC—Including Two in the Same Barrier Island EnclaveBusiness Wire
- Mortgage Rates Hit Three-Month High as Iran War Rattles Spring Housing Market [Yahoo! Finance]Yahoo! Finance
- A Look At Rocket Companies (RKT) Valuation After Recent Share Price Pullback [Yahoo! Finance]Yahoo! Finance
- Rocket Companies offers buyouts as it integrates Redfin and Mr. Cooper [Yahoo! Finance]Yahoo! Finance
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