Housing demand weakens as seller-buyer gap widens

Coverage estimates US home sellers outnumber buyers by more than 580,000, reportedly the widest gap since data began in 2013, amid mortgage rates around 7.28%. Redfin figures show buyers outnumber sellers in 41 of the 50 largest metros, but conditions vary and leverage does not equal affordability. Domestic-content sourcing rules reportedly add costs and delays to affordable housing projects while HUD’s final implementation rule remains pending; delinquencies and UWM losses do not establish broad lender contagion.