The housing market gap between buyers and sellers is the largest it's been since 2013, according to a new analysis from Redfin.

Home sellers outnumbered buyers by a record 36.8 percent in October, giving buyers who were in the market room to negotiate.

There was also a 1.7 percent drop to the lowest number of buyers on record since the start of the pandemic.

Experts talked to Newsweek about what this means for those looking to buy a home in the near future.

Why It Matters

The housing market has shifted dramatically since 2020, but today, housing affordability remains out of reach for many Americans.

If the housing market shifts more into a buyer’s market, there could be longstanding implications for real estate prices and larger relocation and cost-of-living across the countr

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