Realtor.com Reports Weekly Inventory Up 9% Year-over-year
Inventory growth appears to be accelerating
As I noted last year, Inventory will Tell the Tale about the housing market. And inventory levels are now up year-over-year and increasing quickly.
As the housing market slows, we need to watch inventory very closely. This will give us a hint on what will happen with house prices.
And not just the monthly existing home sales report from the National Assoc…