realestate

We probably have the lowest housing inventory on record at the moment. Look at this graph from Altos Research. Year over year inventory is down 53%. There are less than 400k homes for sale in the entire U.S.

Best of luck if you need to buy a house right now. There is nothing to buy. This could be the greatest sellers market in history and will lead to huge price gains.

If you see sales slowing, that’s not because of a weak market. That’s because there’s nothing to buy!

With inventory low, house prices increases are accelerating at the end of the year. The Case-Shiller index was up 8.4% year-over-year in October. This graph clearly shows how prices accelerated the last few months.

Given inventory continues to be low, expect rapid price appreciation for the next several months at a minimum.