January Existing Home Sales Reveals Record Low Lack Of Inventory (While Median Prices Grow At 14.82% YoY)

by confoundedinterest17

A picture is worth a thousand words.

January’s existing home sales median price rose at near housing bubble high (14.82% YoY) while inventory has mostly vanished.

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Despite the 30Y mortgage rate being near an all-time low with The Federal Reserve massive balance sheet expansion.

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Where has all the housing inventory gone?

 

 

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