A Decade of Housing Inventories

pawz

This is national, not regional. Regional is even tighter.

A "healthy" market has 3+ mos of inventory.

doogie

BUY! BUY! BUY!

HairyBallsDawg

What homeowner wants to sell a house during covid if they don't have to? Have a bunch of strangers going through your house potentially spreading virus, then you have to move out, and buy another house when few others are selling?

Plus, something like 30% of millennials have moved back home with their parents, so those parents won't be downsizing anytime soon to a condo in Boca or Scottsdale.

And permits for new construction have been restricted for all of 2020.

I'd hate to be a house buyer in this market.

creepycoug

HairyBallsDawg said:

What homeowner wants to sell a house during covid if they don't have to? Have a bunch of strangers going through your house potentially spreading virus, then you have to move out, and buy another house when few others are selling?

Plus, something like 30% of millennials have moved back home with their parents, so those parents won't be downsizing anytime soon to a condo in Boca or Scottsdale.

And permits for new construction have been restricted for all of 2020.

I'd hate to be a house buyer in this market.

Because If you have equity and want to move up, mortgage rates are essentially free. Best levered investment you’ll ever make.

The COVID stuff is a detail and easy logistics.