Inventory up and sales down YOY?

Affordability decimated and buyers constrained

“Inventory was up 14.4% year-over-year (blue) in March compared to March 2023. Months of supply (red) increased to 3.2 months in March from 2.9 months the previous month.”

- Calculated Risk

Existing sales down as expected, but as people start clamoring about prices please review this schedule

And please remember this is the high season. We are going to see some fluctuations.

Agreed

Highly irresponsible

Student housing, you say?

H/T: Don Johnson

We are wrapping up and getting a little silly

Can’t wait to share everything we’ve seen

Over a year ago as I saw site after site of homes priced over $400K all across the country in progress I wondered how they believed there were enough folks in the U.S. to afford these prices

This ride is about to be closed

TrishaFLSun Melody Wright kristin

reddit.com/r/Miami/s/mHMi…

38,365 apartments scheduled to complete here in Dallas (highest in the country) in 2024 versus 20,062 in 2023

Rental Vacancy already at 9.2%

🤔

But I was told by realtors, brokers and loan officers that this never happens

H/T: Mr.Awsumb
CC: Danielle DiMartino Booth

And yet that hasn’t stopped the building

Where oh where will all these cranes go?

H/T: Don Johnson

I told you they salted the lots

News from Austin’s #1 employer.

Here today and hoping to get local reactions.
wsj.com/tech/tesla-lay…

Much needed context for these timely discussions

👇

Dunno….but Real Estate Mindset and I are headed over there to check it out in person.

Delayed but excited to start this trip ✈️

San Antonio
Austin
Dallas
Houston

Will TX give FL a run for its money?

⁦Real Estate Mindset⁩ and I have a running bet

Who do you think will win?

Looking forward to it!