Pending home sales accelerating as prices going down.
Supply of homes increasing.
IMHO sellers are coming out because they need/want the money they have in equity and know that home prices have peaked.
A reverse FOMO.
If you have a mortagage rate at around 3% and you have equity in it, are you going to sell your house and buy another one with a mortgage of 7%? Work until you are 90?
Obviously not talking about the people that bought in 2020-2021.