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A Decade of Housing Inventories

pawzpawz Member, Swaye's Wigwam Posts: 18,822
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edited May 2022 in Tug Tavern



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

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

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    doogiedoogie Member Posts: 15,072
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    BUY! BUY! BUY!
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    HairyBallsDawgHairyBallsDawg Member Posts: 1,012
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    edited January 2021
    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.
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    creepycougcreepycoug Member Posts: 22,749
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    edited January 2021
    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.
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