500,000 More Sellers Than Buyers. First Time in a Decade | Daryl Fairweather on What Comes Next

In this episode, we’re joined by Daryl Fairweather, Chief Economist at Redfin and author of Hate the Game, to explore the most dramatic shift in the U.S. housing market in over a decade. With sellers now outnumbering buyers by more than 500,000 for the first time since 2013, Daryl breaks down what’s really happening beneath the surface—and why so many homeowners and policymakers are reluctant to face it.We dive into the behavioral and structural forces shaping the market today, from price stickiness and record cancellations to zoning reform and climate-driven migration. Whether you're a homeowner, investor, or policy wonk, this conversation offers a comprehensive look at what’s next for real estate in America.Topics discussed include:The shift to a buyer’s market and why it mattersThe gap between seller expectations and buyer realityRegional pain points: Florida, Texas, and beyondWhy insurance costs and HOAs are distorting marketsBuyer psychology, affordability, and rent vs. own dynamicsTariffs, uncertainty, and interest rate volatilityThe policy fixes Daryl believes we need—fastClimate risk, migration, and Redfin’s flood data experimentWhy your home shouldn't be your investment strategyLessons from game theory and behavioral economicsGuest Links:Daryl Fairweather’s book Hate the Game is available now on Amazon and Audible.Follow Daryl on X, LinkedIn, and Substack @FairweatherPhD