WASHINGTON (DC News Now) -- The United States housing market is experiencing a major shift, with nearly 500,000 more homes listed than there are active buyers—the largest gap since 2013.

Experts said rising interest rates, high prices, and life changes are pushing more homeowners to sell, even if it means letting go of ultra-low mortgage rates.

Locally, D.C., Maryland and Virginia are feeling the impact. Inventory is rising, but buyer demand remains soft due to affordability concerns, with mortgage rates hovering near 7%.

Experts said sellers should focus on pricing competitively and offering concessions, while buyers are encouraged to shop around for better loan terms and consider new construction.

With summer in full swing, housing experts predict the market could soften further if l

See Full Page