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Housing Inventory Is About To Nose Dive!

by May 15, 2020Real Estate Realities Podcast0 comments

Podcast thumbnail Housing Inventory

Written by Robert Whitelaw, RealtorĀ®/Broker/Owner

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate from Palo Alto to Gilroy and Los Gatos - and beyond! Robert rates his success on providing the highest level of value to his clients.

May 15, 2020

Will home prices jump?

The best information we have right now indicates that a dramatic crash in home inventory is very likely as we move through 2020. There are only two places that homes for sale come from. First, is new construction. We are seeing a big drop off in new construction that even goes beyond what the worst expectations were leading into March. And remember, those are number for MARCH! April is likely to be even more depressing! But wait, that is only half of the real estate inventory story.

The other half of our inventory question involves existing homes. If we don’t see new construction coming anywhere close to demand, then we have to rely on current home owners to come into the market to sell their home. Frankly, that does not look to be a likely scenario!

In todays show, we look at all the data to find out where we are and where we are likely to be later this year and into 2021!

Don’t forget that you can also enjoy the show as a video on YouTube!

Articles Used In Todays Show:

  • https://www.cnbc.com/video/2020/04/16/housing-starts-march-squawk-box-breaking-news.html
  • https://www.cnbc.com/2020/04/17/us-housing-starts-worst-month-since-1984-what-traders-see-ahead.html
  • https://magazine.realtor/daily-news/2020/05/05/where-housing-inventories-are-falling-fastest
  • https://magazine.realtor/daily-news/2020/05/05/more-banks-halt-helocs
  • https://www.calculatedriskblog.com/2020/05/las-vegas-real-estate-in-april-sales.html
  • https://www.calculatedriskblog.com/2020/05/seattle-real-estate-in-april-sales-down.html
  • https://www.cnbc.com/2020/05/07/consumer-confidence-in-housing-falls-to-lowest-level-since-subprime-crash.html

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