cbsnews.com
US Home Delistings Surge, Creating Market Deadlock
In June 2025, US home delistings surged 38% year-to-date and 48% year-over-year, reaching 21 delistings per 100 new listings nationally, as sellers prioritize price over quick sales, creating a market deadlock amid rising housing supply but stagnant sales due to high mortgage rates.
- How do the increasing delistings and the growing housing supply relate to the overall stagnation in home sales?
- The rising delisting trend is linked to increased housing supply in some regions, causing price drops. However, high mortgage rates and stagnant sales persist, despite a nearly 25% surge in July's housing inventory compared to last year. This indicates a disconnect between available homes and buyer purchasing power.
- What is the immediate impact of the rising number of homes being delisted from the US housing market in June 2025?
- In June 2025, delistings of homes in the US rose by 38% since the start of the year and 48% year-over-year, reflecting sellers' reluctance to lower prices. For every 100 new listings, 21 homes were delisted, up from 13 in May. This trend creates a market deadlock, hindering buyer-seller convergence.
- What are the long-term implications of sellers' reluctance to lower prices and the potential consequences for the housing market's future trajectory?
- The trend of increased delistings suggests sellers, particularly those with favorable mortgages or benefiting from past price surges (like during the COVID-19 pandemic), are prioritizing price over speed of sale. This behavior could prolong market stagnation, impacting future price adjustments and overall market fluidity. Miami's high delisting-to-listing ratio of 59:100 exemplifies this trend.
Cognitive Concepts
Framing Bias
The headline and introduction emphasize the frustration of sellers, framing the story primarily from their perspective. This framing might unintentionally downplay the difficulties faced by buyers in a cooling market. The use of phrases like "homesellers' frustration" sets a specific tone from the outset.
Language Bias
The article uses relatively neutral language. However, phrases like "deadlock" and "spoiled by very high home prices" carry subtle negative connotations that could influence reader perception. More neutral alternatives could be used, such as 'market slowdown' or 'recent market trends'.
Bias by Omission
The article focuses heavily on the perspective of homeowners and real estate economists, potentially overlooking the experiences and perspectives of buyers. While buyer difficulties are mentioned, a more in-depth exploration of their challenges (e.g., affordability issues, competition) would provide a more balanced view. The impact of rising interest rates on buyers is mentioned but not fully explored.
False Dichotomy
The article presents a somewhat simplistic dichotomy between sellers willing to wait and those forced to lower prices. It doesn't fully explore the range of seller motivations and circumstances, such as sellers facing financial pressures or those with flexible timelines. The reality is likely more nuanced than this binary.
Sustainable Development Goals
The article highlights a growing disparity in the housing market, where sellers with favorable mortgage rates or high initial purchase prices are less willing to lower prices, creating a deadlock and potentially exacerbating existing inequalities in access to housing. This impacts lower-income individuals and families disproportionately, who may be priced out of the market.