US housing market sees record gap of 630,000 more sellers than buyers

For the first time in history, the US housing market has a record deficit of buyers, with approximately 630,000 more sellers than buyers as of February 2026, according to Redfin data. This imbalance, the largest ever recorded, surpasses levels seen during the 2008 financial crisis and recent post-pandemic cooldowns. High mortgage rates around 7% are deterring buyers, while housing inventory has risen about 20% above pre-pandemic levels. Southern states like Florida and Texas, which saw significant growth during the remote-work migration, are now buyer's markets. Experts predict home price declines of 5-10% in the most affected areas, potentially causing homeowners who bought at peak prices with small down payments to fall underwater on their mortgages. While traditional real estate cools, interest in tokenized property is growing, though its connection to housing market distress and crypto performance is not yet established.

(Source：Crypto Briefing)