PSR - The Fate Of Real Estate
For years, realtors have been waiting for more housing inventory. It had become an article of faith, what was restraining a full-blown recovery was the lack of units available. The level of resales like construction was up, but still way, way less than it was now fourteen years past the prior peak despite sufficient population growth to have absorbed the previous bubble's overbuilding.
All the way back in March 2017, the National Association of Realtors ((NAR)) was lamenting the low number of new listings. Chief Economist Larry Yun would begin to use what became