Excellent article - it resolves the question of supposed record-low inventory. However, I disagree that the average person's balance sheet is in good condition. I have read the exact opposite from numerous people, and throw in surging inflation, it's going to take a toll on savings. One more thing to add... LA county just extended their eviction moratorium for rental non-payment until June 2023, so that's likely going to cause a lot of mom and pop landlords struggling even more and maybe having to sell, especially if they have an adjustable rate mortgage. That will add to inventory, unless the corporates swoop in and scoop them up, of course.
Excellent article - it resolves the question of supposed record-low inventory. However, I disagree that the average person's balance sheet is in good condition. I have read the exact opposite from numerous people, and throw in surging inflation, it's going to take a toll on savings. One more thing to add... LA county just extended their eviction moratorium for rental non-payment until June 2023, so that's likely going to cause a lot of mom and pop landlords struggling even more and maybe having to sell, especially if they have an adjustable rate mortgage. That will add to inventory, unless the corporates swoop in and scoop them up, of course.
Any thoughts on the UK housing market?
Dont know details but suspect similar!