Why Home Sellers Are Struggling in Today's Market

It’s crickets out there for home sellers. 

The pool of active US homebuyers has dwindled so drastically due to affordability concerns pushing would-be house hunters onto the sidelines.

The number of buyers in the market sunk to about 967,000 in July — the lowest level recorded since Redfin began tracking the metric in 2013. That marks around 34% fewer homebuyers than sellers, giving buyers a leg up as inventory swells, according to a new Redfin report.