00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. housing market shows more sellers than buyers,
00:06with sellers outnumbering buyers by 43% nationally,
00:09the widest gap in nearly a decade, according to Benzinga.
00:13Buyers gained negotiating power in 38 major metros, up from 29 a year ago.
00:18Existing home sales fell 3.6% in March to the slowest pace in nine months.
00:23High prices and a 6.18% mortgage rate are limiting affordability.
00:28Miami, Nashville, Austin, and Las Vegas have roughly twice as many sellers as buyers
00:32after pandemic-era building increased supply.
00:35Florida faces rising insurance, HOA costs, and disaster risks.
00:40High property taxes, rising insurance costs, and job security concerns
00:45are making buyers more selective and willing to delay purchases.
00:48Only 38.3% of 28-year-old Gen Zers owned a home in 2025,
00:53compared to 44.4% of boomers at the same age.
00:56The median first-time buyer age rose to 35 from 31 in 2008,
01:01and homeownership now feels unachievable for many young adults.
01:05For all things money, visit Benzinga.com.
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