Home buyers are finally seeing a light at the end of the tunnel, but it is going to be painful for homeowners and sellers

• Redfin's CEO said the housing market is at "rock bottom."
• That may be true for buyers, but for sellers, the crunch can still get worse.
• There is no end in sight for high mortgage rates, and sellers are dropping prices.

The housing market is still in an ugly place right now for many buyers, and while things may be stabilizing, that just means the pressure will likely shift from buyers to sellers.