Today’s podcast examines the question can inventory break to all-time lows again? As some of you know, I am very pro-supply because more inventory means more choices and fewer bidding wars. However, inventory channels in America worked much differently post-2010 than they did in the early part of the century.
As we can see today, the NAR inventory levels, even with the biggest sales crash in one year ever, we are still below 1,000,000 active listings.
The weekly Altos Research Single family active inventory data (405,468) is 165,274 homes away from hitting all-time lows again. This year, we will see the seasonal inventory bump, which we desperately need.
As you can imagine, I am really cheering for the seasonal uptick in inventory today.
I am no longer writing for my blog; all my work can be found at HousingWire; you can use my LoganVIP20 code to join HousingWire Plus. Also, I can’t join Twitter Spaces, a podcast, or an interview unless it goes through Press@HWMedia.com first.
Today I wrote about the existing home sales report and discussed one data line that concerned me, the days on the market heading back down again.
“Keep your face always toward the sunshine and shadows will fall behind you” Walt Whitman
Logan Mohtashami is a Lead Analyst for Housing Wire, a financial writer, and a blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami, now retired, spends his days and nights looking at charts and nothing else