Jennifer Ludden

There are more home sellers than buyers.

In fact, the gap has doubled from a year ago, according to a new analysis by Redfin.

That normally brings prices down, and the real estate company does expect some sellers to keep cutting prices or offering concessions.

but it notes many Americans simply cannot afford to buy a home, with prices up more than 50 percent since 2020.

Redfin also finds the number of both buyers and sellers down from a year ago due to high costs and economic uncertainty.

Unemployment has been ticking up, and so have foreclosures.

Economists say a severe housing shortage is a key factor keeping prices high, and fixing that would take years.

Jennifer Ludden, NPR News, Washington.

States, cities and non-profits warned that HUD's overhaul could push 170,000 people back into homelessness.

In a surprise move, the agency told the court it will withdraw its changes for now to address such concerns.

But a government lawyer said HUD still intends to shift toward more transitional housing and mandated treatment.

The agency has also set new conditions for who can get money based on alignment with Trump administration policies.

such as DEI and restricting transgender rights.

The two lawsuits allege all those changes are unconstitutional.

They say Congress has made clear homelessness funding should be based on need and spent on programs with proven success.

Jennifer Ludden, NPR News.

The federal housing agency HUD wants to shift billions of dollars away from permanent housing toward transitional housing, and it says it will deny funding to programs that promote DEI, acknowledge people who are transgender or non-binary,

or don't cooperate with federal immigration enforcement.

The lawsuit by the mostly Democratic-led states says those conditions are unlawful, and it says Congress mandated that homelessness funding be distributed based solely on need.

HUD Secretary Scott Turner has said the funding changes are about promoting self-sufficiency.