Today’s podcast discusses the question, is the savagely unhealthy housing market back? This means the days on the market are returning to levels I feel very uncomfortable on. The rule of thumb for me has always been that it’s never a good thing if the days on the market are at a teenager level or below. We either have a massive credit boom, which we don’t have clearly, or we have to many people chasing too few homes; it’s an active listing issue we have today, with just stable demand.
NAR today inventory data goes back to 1982; historically we have between 2- 2.5 million active listings, today we are 1,040,000, and the peak in 2007 was a tad over 4,000,000.
Every Sunday for HousingWire, we bring out the weekly HousingWire Tracker report, where I take a deep dive into the current and forward-looking housing data lines so you can be up to date with the data lines that matter in housing. If you would like to join HW Plus to have access to the tracker, please use my LoganVIP20 code.
I also wrote about the recent Existing Home Sales Report.
“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