According to The Kobeissi Letter on Twitter, the US housing market saw the total number of homes for sale increase by 17% year-over-year in April 2025, reaching 1.9 million—the highest level since March 2020. Redfin data shows active listings have climbed by 493,846 homes, or 34%, since July 2023, and new listings are up 9%. This significant rise in housing supply may signal a cooling real estate market, which could influence risk sentiment and liquidity in the broader financial system, including potential shifts in crypto trading volumes as investors rebalance portfolios. Traders should monitor how a softer housing market might affect US consumer confidence and capital flows into digital assets. Source: The Kobeissi Letter, Redfin.