Housing Market Slows as Supply Surges and Sales Decline
TL;DR Summary
Condo and single-family home sales have plummeted to historic lows, with condo sales hitting the lowest since 2012 and inventory reaching levels not seen since the housing bust, driven by a sharp decline in demand due to skyrocketing prices that have become unsustainable, leading to significant price drops in many major cities.
Topics:business#condo-sales#demand-destruction#housing-market#inventory-surge#price-decline#real-estate
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- New Real-Estate Math: Half a Million More Sellers Than Buyers WSJ
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