Myopic Wars
Dialogue and anecdotes regarding subversion, dystopia, and current events.
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# #1984
04/25/2022
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As of the end of March, there were 950,000 homes on the market (active and unsold), equivalent to two months of supply at the current monthly sales pace.
A desirable level is about six months based on the historical level, so home prices are appreciating at a modest pace of 5%. At six months of supply, the inventory of homes on the market should be at 2.9 million, which means a shortage of about 2 million homes for sale.
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# #1984
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