The U.S. housing market continues to show signs of imbalance as home sellers outnumber buyers by more than 500,000, marking the largest gap ever recorded. This disparity contributed to a 29% year-over-year increase in active housing inventory in June, reaching 1.08 million homes, the 20th consecutive month of rising inventory. Opendoor Technologies, a key player in the real estate market, saw its stock decline sharply following its latest earnings report. The company’s CFO highlighted persistently weak buyer demand, with sellers outnumbering buyers by the widest margin in over a decade, resulting in low clearance rates, a decade-high number of delistings, and the slowest spring selling season in 13 years. Despite this, Opendoor CEO Carrie Wheeler expressed optimism by thanking new investors for 'increased visibility' amid the company's efforts to reshape its future during what has been described as a meme stock rally. Nevertheless, the real estate market remains stagnant, and Opendoor's initial attempts to stabilize its rally have struggled.