Real Estate Single Family Invetory Hits Record - Trading Journal (1.18.20)
2020 was a boom for single family houses and one of the colpurts was low inventories. Through the housing market boom that really started in middle of 2010s since then the market has continue to get hotter. 2020 was no exception even with the pandemic. The concern though is how long will this go on?
With inventories on single family homes continue to fall and demand for them continue to rise we may not see an equilibrium in supply and demand for even 2021. There has not been a slow down in inventory drop suggests multiple things.
- Home owners are less likely to move.
- Home buyers are willing to pay a lot higher premiums for single family homes as the rate of supply is dramatically dropping.
At this rate medium home prices will be surpassed in the upcoming months of 2021. The housing boom continues and is getting stronger. I ponder how is this even possible when millions are out of work and multiple countries across the globe is fighting a pandemic?
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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