by Calculated Risk on 3/14/2022 09:19:00 AM
Today, in the Calculated Risk Real Estate Newsletter: Housing Inventory May Have Bottomed Seasonally
A brief excerpt:
Inventory is still very low. Compared to the same week in 2021, inventory is down 21.7%, and compared to the same week in 2020, and inventory is down 65.9% from 730 thousand.
One of the keys will be to watch the year-over-year change each week to see if the declines are decreasing. Here is a table of the year-over-year change by week since the beginning of the year.
Last week I wrote: “Based on the trend, it appears possible inventory bottomed seasonally last week, and will be up week-over-week in the next report.” That happened.
Now we need to watch if the YoY change continues to decrease. Based on the current trend, it is possible inventory will be up YoY later this year.
There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/