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smaulgld
2014 Aug 29, 11:58am
The point of the blog post was to debunk the concept that more inventory would lead to higher prices and more sales
Nationally that hasn't happened
The SF bay area is an anomaly
Has nothing to do with whining about high rents
Rew
2014 Aug 29, 4:14pm
Well, I think it failed then ...
http://www.deptofnumbers.com/asking-prices/us/
smaulgld
2014 Aug 29, 7:46pm
Well, I think it failed then ...
That shows the median ASKING price not sales price
smaulgld
2014 Aug 30, 12:00am
As prices rise more homes will come on the market at higher prices but they wont sell at the higher prices
http://smaulgld.com/real-estates-underwaterdown-side-sticky-catch-22/
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Housing inventory is increasing but home sales are declining.
According to the real estate recovery cheerleaders it wasn't supposed to be this way.
They argued that a lack of inventory was holding back the housing market. It wasn't - it is a lack of demand.
(Charts)
http://smaulgld.com/housing-inventory-myth-shortage/
#housing