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Market commentator The Kobeissi Letter said U.S. homebuyers are pulling back as seller surplus over buyers widened in July.
In a post on X on Sunday, The Kobeissi Letter said sellers outnumbered buyers by an estimated 51.3% in July, the second-highest gap on record. Active homebuyers fell 2.5% month over month to 966,752, the lowest level on record, while sellers declined 0.3% to about 1.46 million. It said about 80% of major U.S. metros are now buyer's markets and warned of further downward pressure on home prices.
US homebuyers are quitting.
There were an estimated +51.3% more home sellers than buyers in July, the 2nd highest level on record.
This percentage has doubled over the last 2 years.
By comparison, an all-time high of +51.8% was recorded in December 2025.
This comes as the… pic.twitter.com/x0sZ51NXPx
— The Kobeissi Letter (KobeissiLetter) August 23, 2026
#letter #month
Market commentator The Kobeissi Letter said U.S. homebuyers are pulling back as seller surplus over buyers widened in July.
In a post on X on Sunday, The Kobeissi Letter said sellers outnumbered buyers by an estimated 51.3% in July, the second-highest gap on record. Active homebuyers fell 2.5% month over month to 966,752, the lowest level on record, while sellers declined 0.3% to about 1.46 million. It said about 80% of major U.S. metros are now buyer's markets and warned of further downward pressure on home prices.
US homebuyers are quitting.
There were an estimated +51.3% more home sellers than buyers in July, the 2nd highest level on record.
This percentage has doubled over the last 2 years.
By comparison, an all-time high of +51.8% was recorded in December 2025.
This comes as the… pic.twitter.com/x0sZ51NXPx
— The Kobeissi Letter (KobeissiLetter) August 23, 2026
#letter #month
1 month ago
