This is the strongest buyer's market in housing in more than a decade.

That's the headline on a new report from Redfin, a real estate brokerage owned by Rocket Cos . The report points to specific data on the supply of homes for sale and the number of buyers actively looking.

There were an estimated 36.8% more sellers than buyers in October, according to Redfin, the largest gap in records dating back to 2013. Redfin defines a buyer's market as one with at least 10% more sellers than buyers. Economists at the brokerage estimate that the last time there was a stronger buyer's market was in the years following the 2008 financial crisis, when home prices plummeted across the nation.

"Of course, it's only a buyer's market for those who can afford to buy—many Americans have been pric

See Full Page