- Tom BrezsnyLow Inventory is the Culprit
We’re still in the longest running, highest appreciating, craziest-making “up” market anyone has ever seen. For more than ten years, a historic low level of supply has held sway and leveraged a remarkable rise in intensity, competition and prices. In the old days, 4-6 months of inventory was considered a balanced market but we haven’t seen anything close to that in a long time. What’s behind the great shrinking effect that has a stranglehold on supply? Here’s a short list: Lack of New Homes: YIMBYS...