A doctor who wants to determine a patient’s health checks out their vital signs: their heart rate, blood pressure, lungs, etc. What’s the equivalent for the housing market? Trends in the following three things: One. Inventory. Falling inventory — also called “supply” — augurs well for future housing prices; increasing inventory, the opposite. Right now,...Read More
Where’s the Beef Inventory? In a post last month titled, “Inventory Glut? Not in These Twin Cities Neighborhoods,” I related the surprising (and growing) lament amongst would-be Buyers and Buyers’ agents scouring various high-demand, local neighborhoods, only to find slim (or no) pickings. What accounts for that? Part of the explanation is that this year’s...Read More
