There’s a lot more supply on the housing market. The bad news: A lot of that supply is stale, sitting unsold for much longer than usual. Active listings in November were 12.1% higher than they were in November 2023 and hit the highest level since 2020,

If the housing market is a roller coaster, mortgage rates are at the controls. If they drop, things could speed up.

America's housing shortage appears to be easing, but a major reason for the increase in supply provides little comfort.

Redfin data shows home listings climbed 12% year-over-year last month, with Florida and Texas in particular seeing a surge in stale inventory.