Looking to buy a home? Redfin's research lead says a flood of housing supply is set to hit the market by the end of 2025 as locked-in homeowners finally start selling.

Higher mortgage rates since 2022 hindered homebuying, causing a lock-in effect as existing homeowners hold onto lower rates.

Redfin's Chen Zhao predicts mortgage rates won't return to pandemic lows, staying around mid-five percent range without a recession.

Read at Business Insider