Putting Today’s Record Low Housing Inventory in Context Economists distinguish between “real” and “nominal” numbers. So, someone who made $40,000 in 1989 (25 years ago) and now makes $60,00 would certainly appear to be better off. But they’re not. The reason: prices have doubled since then, which means that — to have simply kept pace...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
