A new Redfin report shows U.S. home sellers now outnumber buyers by 33.7%, the widest gap since 2013, with 1.9 million sellers and just 1.5 million buyers in April 2025. Condo sellers face the steepest challenge, with 83.5% more sellers than buyers.
The U.S. economy shrank by 0.3% in Q1 2025, and Byron Lazine broke down what it means for agents in today’s Hot Sheet. This blog covers the key factors behind the GDP drop—and includes a ready-to-use script for guiding buyers through economic uncertainty.
Redfin survey finds 24% of Americans are canceling major purchases like a home or car due to economic uncertainty, some of that tariff-related, while 32% are delaying plans. Even more concerning: 34% don’t have an emergency fund to cover housing payments.
A new Redfin report shows the U.S. asking rent dropped for the third consecutive month, falling 0.8% year over year in December 2024 to $1,964. By region, asking rents rose in the Midwest and Northeast; they fell in the West and South.
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