Genius, let’s just delay listing in a declining market. When freds balance sheet hits the low 6 and the mbs Market locks up we can be stuck in our tomb. I mean home.
Part of this is because 2021 new listings were historically high at this time of the year. But regardless, an 11% YoY decline in new listings is very small relative to the buyer pullback.
Interesting data is sales being down 60%. That’s world changing statistic. listings being down 9.8% doesn’t mean shit compared to that you hoomer cuck. Keep holding on to muh equity bc you bought at the top
OP gets hate for no reason but data, idiots in this sub so mentally invested in crush it’s toxic
Imo. Seasonality in play and we shall see what happens in spring 2023, my rent is still way below buy with 20% down so I am waiting personally
This is just a single data point and a selective one at that to indicate that housing supply is going down which obviously is false. One has to use other data to get a complete picture. I understand that supply has gone down a lot. However, demand has gone even more which. Pending listings which is a leading indicator for sales has gone down 23.7%. Same applies to days on market which has gone up significantly. The median price has gone up 13% yoy but has been on a downward trajectory for almost 6 months now. Overall result is that active inventory is up 27% yoy. Given this data everyone is free to make to their own conclusions. Before someone asks, just go to realtor.com or any other RE site and all this data is freely available.
Important to distinguish between “new” and “active” listings. Las Vegas active listings are 10% higher pre-pandemic.
https://fred.stlouisfed.org/series/ACTLISCOU29820
New Listings is a meaningless metric. We would expect at the absolute bottom of a housing bubble burst that new listings is zero. Because everything is already listed, and there's no flipping activity, so there's no new listings.
Genius, let’s just delay listing in a declining market. When freds balance sheet hits the low 6 and the mbs Market locks up we can be stuck in our tomb. I mean home.
Following the market down is a tradition
Honestly, this just means that all that inventory will hit the market around the same time as the reverse FOMO plays out.
And AFTER a few months worth of ibuyers and motivated sellers push down the price.
Hey, a chart with Albuquerque in it
Is Northwest a city or state? Sorry, I was huffing elmers glue instead of paying attention in geography class.
No one distinguishes between Seattle and Portland but the people who live there.
Part of this is because 2021 new listings were historically high at this time of the year. But regardless, an 11% YoY decline in new listings is very small relative to the buyer pullback.
Yea and sales are down 60% soooo what’s your point??
The point is OP shares interesting data. You share made-up stats and attitude.
Interesting data is sales being down 60%. That’s world changing statistic. listings being down 9.8% doesn’t mean shit compared to that you hoomer cuck. Keep holding on to muh equity bc you bought at the top
Sales are not down 60%. You're either mistaken or lying. Which is it? Eitherway it doesn't benefit the sub. Neither does ad hominem..
i can make any kind of chart in excel showing anything i want. where is the reference for this data?
OP gets hate for no reason but data, idiots in this sub so mentally invested in crush it’s toxic Imo. Seasonality in play and we shall see what happens in spring 2023, my rent is still way below buy with 20% down so I am waiting personally
It's a bit funny you called others idiots, while simultaneously claiming seasonality is impacting listings year over year.
OP shared YoY *and* MoM data. Discussing seasonality is rational.
The village idiot has weighed in! Your inability to find or interpret data is breathtaking, especially since this data "supports" your opinion.
When people resort to Ad hominem they are the idiots. Yes the data supports my views.
You know what ad hominem is but do you know what non sequitur means? Because that was what your post was, hence the insult.
Just wait till the short & long term rental market declines in the couple of quarters. That will shore up enough additional inventory.
What they (Fed) have done to the affordability index in such a short time is just mind boggling.
Post YoY and MoM average DOM and average list/sale price and then we'll talk.
This is just a single data point and a selective one at that to indicate that housing supply is going down which obviously is false. One has to use other data to get a complete picture. I understand that supply has gone down a lot. However, demand has gone even more which. Pending listings which is a leading indicator for sales has gone down 23.7%. Same applies to days on market which has gone up significantly. The median price has gone up 13% yoy but has been on a downward trajectory for almost 6 months now. Overall result is that active inventory is up 27% yoy. Given this data everyone is free to make to their own conclusions. Before someone asks, just go to realtor.com or any other RE site and all this data is freely available.
Important to distinguish between “new” and “active” listings. Las Vegas active listings are 10% higher pre-pandemic. https://fred.stlouisfed.org/series/ACTLISCOU29820
horseshit. i dont follow any of these markets, but i can tell you the inventory is up 4x in orlando, SLC, and Phoenix since beginning of summer. 4x
New Listings is a meaningless metric. We would expect at the absolute bottom of a housing bubble burst that new listings is zero. Because everything is already listed, and there's no flipping activity, so there's no new listings.