• Housing Inventory Tracking: The Bottom Turn

    6 monthes ago - By Calculated Risk

    Update: Watching existing home "for sale" inventory is very helpful. As an example, the increase in inventory in late 2005 helped me call the top for housing.
    And the decrease in inventory eventually helped me correctly call the bottom for house prices in early 2012, see: The Housing Bottom is Here .
    And in 2015, it appeared the inventory build in several markets was ending , and that boosted price increases.
    I don't have a crystal ball, but watching inventory helps understand the housing market.
    The graph below shows the year-over-year change for non-contingent inventory in Houston, Las...
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