All Forum Posts by: Greg R.

you are saying the very obvious.
of course if interest rate is rising then inventory would increase.

but that's not the point, the point being, originally people think there would be much worse situation, with inventory only moving to 2020 level, we thought before it would hit 6 months inventory, the fact it only reached 3-4 months inventory, it's still in the safe category.

There're lot of knowledge in this aspect that we know even before 2021.

Not sure which people you are talking about. I never made any arbitrary "x months of inventory" claims. It's completely possible for prices to significantly decrease even if "months of inventory" doesn't hit the magic number of 6 or whatever.

I've maintained that this is going to take time, and be a slow collapse of the housing market, which we're seeing in real-time.

We've still yet to see the full impacts of inflation, mass layoffs, and other negative economic factors.

0 Votes

Dallas, Texas

Quote from @Carlos Ptriawan:

Bottom line, inventory is up almost across the board. Yes, some places more than others - of course. However, the deniers were saying that when rates rose and buyers became skeptical that sellers would simply pull out and inventory would tank. However, the opposite has happened - inventory has risen.

we already know the inventory is rising to 2020 level. But with the current moving average of inventory, we are still within 3 months inventory--very far from crash territory--, it looks like we would not reach 2019 level inventory or even if we would , the buyer would just catch most of the inventory from the bottom price which is estimated to hit the bottom Q2-Q4 this year.

February number is the key.

That is irrelevant to the point I am making. My point is simple... the deniers insisted that inventory would completely bottom out, that sellers would exit the market and wait for selling conditions to improve. That is completely false - that didn't happen. All the folks who were beating that drum were wrong.

Inventory is up and prices are starting to come down - much more dramatically in some areas than others.

0 Votes

Dallas, Texas

Quote from @Renee Harris:

Quote from @Greg R.:

Quote from @Carlos Ptriawan:

If you see the insight data, only the following city has triple digit active inventory YoY

Austin
Vegas
Nashville
Phoenix
Northwest
Jacksonville

Other city is pretty much regressed to 2020 inventory level.

DFW?

Albuquerque, NM?

Oklahoma City?

Do that for Los Angeles, please.

Here you go. Los Angeles, CA. Inventory up from a year ago.

1 Vote

Dallas, Texas

Quote from @Carlos Ptriawan:

Quote from @Greg R.:

Quote from @Carlos Ptriawan:

DFW?

Albuquerque, NM?

Oklahoma City?

Nashville?

Boston, MA?

boston is flattening. triple digit inventory only increases in the city that I listed above.

Who said anything about tripling? Look at inventory at the beginning of the year and look at it now. It's up. Rates went up, buying conditions worsened and inventory has increased.

0 Votes

Dallas, Texas

Quote from @Greg R.:

Quote from @Carlos Ptriawan:

DFW?

Albuquerque, NM?

Oklahoma City?

Nashville?

Boston, MA?

0 Votes

Dallas, Texas

Quote from @Greg R.:

Quote from @Carlos Ptriawan:

DFW?

Albuquerque, NM?

Oklahoma City?

Nashville?

Boston, MA?

0 Votes

Dallas, Texas

Quote from @Greg R.:

Quote from @Carlos Ptriawan:

DFW?

Albuquerque, NM?

Oklahoma City?

Nashville?

0 Votes

Dallas, Texas

Quote from @Carlos Ptriawan:

Quote from @Greg R.:

Quote from @James Hamling:

So your saying, when we are at WAR with China, no-way no-how is manufacturing and trade relations going to shift to S. America? That is, yet again, one heck of a ignorant thought path.

why in the world the so-called strongest country in the world has to have a war with a country that is having a very productive economy?

what kind of issue are people trying to solve?

another colonial mindset? LOL

The idea that we're going to be at war with China anytime soon is asinine. To your point, who exactly benefits from a war between the US and China? China makes a ton of money off trade w/ the US. And the US gets incredibly cheap manufacturing from China which supports the US economy. In an armed conflict both sides lose way more than they gain, regardless of who wins militarily. James watching too much Netflix & war movies.

0 Votes

Dallas, Texas