Another month, another record low of available inventory of home for sale.
Available inventory remained near a record low as The Fed continues to throw gas on the fire. As a result, the median price of existing home sales rose 16.24% YoY in February.
Clearly, The Fed can’t solve the low inventory problem by throwing money at the problem. But The Fed is making housing even more unaffordable.
Fed Secretary Powell: “Put another log on the fire,”