Redfin data shows 5.8% of listings pulled in April, the highest since pandemic onset, as sequential prices fell 0.2%. This reflects buyer resistance to mortgage rates near double pandemic lows, strained by Federal Reserve policy holding the federal funds rate elevated to combat inflation. Primary sources including FRED series on 30-year fixed rates and Census Bureau new residential construction data reveal inventory growth outpacing sales, a reversal from 2021-2022 seller dominance. Geopolitical factors cited in coverage, such as Iran-related tensions and tariff uncertainties, intersect with domestic policy by elevating input costs and job-security concerns, prompting sellers with pandemic-era price expectations to withdraw rather than accept negotiated terms. Multiple perspectives emerge: buyers gain leverage through inspections and below-ask offers, while locked-in low-rate homeowners treat delisting as a strategic pause; policymakers face trade-offs between inflation control and affordability, as seen in prior Fed statements prioritizing price stability. Coverage understates how AirBnB inventory influx compounds local oversupply, a dynamic absent from earlier pandemic analyses but evident in contemporaneous HUD reports on short-term rentals. Re-listings at 2.5% indicate repeated market testing rather than outright exits, underscoring liquidity buffers that buffer against forced sales.