The housing market is experiencing a unique shift in supply dynamics, with an abundance of newly built homes compared to existing homes for sale. This discrepancy can be traced back to the subprime mortgage boom two decades ago, which caused a ripple effect still seen today. Despite an increase in overall inventory, the supply of newly built homes now outweighs existing ones by nearly three times. Factors contributing to this unusual trend include recent fluctuations in mortgage rates, with many homeowners hesitant to move due to locked-in low rates. Builders have adapted by adjusting production levels to meet demand, but overall housing starts remain below historical averages. While resale listings have improved slightly, the market continues to face challenges as buyers remain cautious amidst rising mortgage rates. The current housing market is a complex puzzle shaped by past and present economic forces, leading to a landscape where new home supply dominates over existing inventory.