Real estate inventory has taken another jump in just 2 weeks!
Nationally, inventory is up 18% from the same time last year.
It was just two podcasts ago that we were talking about an 11% increase in real estate inventory. Here we are, talking about yet another year over year jump, but this time of 18%.
New construction completions will set records.
Despite low new construction starts.
The recent headlines relating to real estate inventory have focused on new home starts. While starts are down, we are set to see a record number of homes completed in 2022. That may spell a unique opportunity.
New construction and existing homes being listed.
Between new construction and the existing trend of more existing homes to get listed, we may see real estate inventory take a bigger jump than expected in the second half of 2022.
Opportunity may grow in the coming months.
This fundamental change in our real estate inventory could spell an interesting opportunity for buyers and investors.
Links:
- https://calculatedrisk.substack.com/p/housing-completions-will-increase
- https://www.calculatedriskblog.com/2022/06/housing-inventory-june-20th-update.html
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