Home Listings SURGE. Bubble Over?

New Home Listings SURGED across the country in August. Is this Housing Bubble Over?

The US Housing Market has gone wild over the last year. Home prices today are at an all-time high relative to inflation, while year over year appreciation is setting records according to the Case Shiller Home Price Index. The current market is pricing out many home buyers and real estate investors. And has many concerned a Housing Crash is around the corner.

But new data from Realtor.com suggests that the Bubble could be over and the Crash could be coming. Over the last three months there have been 1.3 million new home listings coming to the market. This is 50% higher than the listing levels earlier in the year.

Most of the listing surge is according on the Western Half of the US in markets like Boise, Provo, Salt Lake City, and Stockton. Interestingly, these were the markets where the Bubble appeared first, and now they are the markets putting out the most new inventory. Washington DC, Philadelphia, and Columbus are other markets where inventory has increased.

The Southeast US is a different story, though. New listings in markets like Raleigh, Nashville, and Cape Coral / Fort Myers have plunged over the last year. Meaning that these markets are still in frenzied Housing Bubbles and it is very difficult for home buyers or real estate investors to buy.

It looks as if the Western Half of the US could be "leading" the Eastern half in terms of its Bubble Cycle. This could mean that the price declines associated with the Housing Crash occur first in Boise or Salt Lake City. And then spread to the rest of the country.

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0:00 Buy NOW or WAIT?
1:00 New Listing SURGE
3:30 What Happens NEXT?
5:08 Top 200 Metros Inventory Surge
8:38 Southeast is a CRAZY Place
11:17 Late 2021 Completion Spike
13:41 Temporary Supply Constraints
16:55 Where Would I Buy?
18:04 MAP Top 200 Metros
19:56 Subscribe and Join! See you Wednesday!

#HousingCrash #HousingBubble #BubbleOver

2021 Housing Bubble2021 Housing CrashUS Housing Bubble 2021