(https://www.cnbc.com/2026/06/03/sellers-delisting-homes-redfin.html) Everyone's focused on the supply shock and how fewer homes for sale props up prices. That's backwards. When sellers *give up* this hard, it means they've lost conviction in price recovery. They're not waiting for a bounce — they're capitulating. This is the same surrender signal we see right before discretionary demand collapses.

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