The U.S. housing market shows sellers outnumbering buyers by 43% nationally, the widest gap in nearly a decade. Existing home sales fell 3.6% in March to the slowest pace in nine months amid a 6.18% mortgage rate. Miami, Nashville, Austin, and Las Vegas have roughly twice as many sellers as buyers. Only 38.3% of 28-year-old Gen Zers owned a home in 2025 vs. 44.4% of boomers at the same age. The median first-time buyer age rose to 35 from 31 in 2008.
