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 matters

• The gap between seller expectations and buyer reality

• Regional pain points: Florida, Texas, and beyond

• Why insurance costs and HOAs are distorting markets

• Buyer psychology, affordability, and rent vs. own dynamics

• Tariffs, uncertainty, and interest rate volatility

• The policy fixes Daryl believes we need—fast

• Climate risk, migration, and Redfin’s flood data experiment

• Why your home shouldn't be your investment strategy

• Lessons from game theory and behavioral economics

Guest Links:
Daryl Fairweather’s book Hate the Game is available now on Amazon and Audible.
Follow Daryl on X, LinkedIn, and Substack @FairweatherPhD