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Housing Inventory January 17th Update: Inventory Down 2.9% Week-over-week; New Record Low

By Al_Sharpton_for_President follow Al_Sharpton_for_President   2022 Jan 18, 6:46am 100 views   4 comments   watch   nsfw   quote   share      


Tracking existing home inventory is very important in 2022.

Inventory usually declines sharply over the holidays and into January, and this is a new record low for this series.

This inventory graph is courtesy of Altos Research.

As of January 14th, inventory was at 284 thousand (7-day average), compared to 389 thousand for the same week a year ago. That is a decline of 28.6%. Inventory was down 2.9% from the previous week.

A week ago, inventory was at 292 thousand, and was down 26.0% YoY.

Compared to the same week in 2019, inventory is down 61.6% from 740 thousand.

Last year, seasonally, inventory bottomed in April 2021 - very late - usually inventory bottoms in January or February. The key will be to watch if inventory bottoms in January or February this year.

Inventory peaked last year in early September, when inventory was at 437 thousand, so inventory is currently off about 35.1% from the peak for 2021.

https://www.calculatedriskblog.com/?source=patrick.net







1   zzyzzx   ignore (1)   2022 Jan 18, 7:10am     ↓ dislike (0)   quote          

Just like with cars, it's all about the inventory.

https://www.youtube.com/watch?v=DP3vpMndUco&source=patrick.net
2   B.A.C.A.H.   ignore (1)   2022 Jan 18, 7:46am     ↓ dislike (0)   quote          

zzyzzx says
Just like with cars,

Yeah. And a lot of people in the Bay Area live in cars.
3   Ceffer   ignore (6)   2022 Jan 18, 8:15am     ↓ dislike (0)   quote          

Urban flight to suburban blight. You really have to be super rich in a fortress of fortresses in California, since ordinary fortress areas have been forcibly seeded with the traditionally criminal elements through SJW policies. Probably been a tripling of crime in the Tri Valley areas in the last eight years. I am seeing beggars at intersections. Local Safeway was subject to invasion by 'dark white' citizens pushing unpaid shopping carts of goods out. Local blogs are reporting escalating property crimes and some uptick in interpersonal crimes of violence in areas like mine that used to be nearly crime free.

LA is finally topping the banks with gang banger crime infiltrating West LA. When Beverly Hills starts arming itself, you know quite the sea change is in process.

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