Recent data from the National Association of Realtors show December housing inventory at just 1.4 million units—the lowest level in at least 20 years. Low mortgage rates could also be to blame for the shortage of homes for sale, as homeowners are content to sit on their cheap mortgages rather than list their homes, even when they choose to move up to a larger house.
“With every new release of data this year, I’m becoming more and more confident that demand will be strong in 2020—just as strong as, if not stronger than, in 2018 and 2017,” said Redfin chief economist Daryl Fairweather.
Well, ditto for Austin. Suddenly everybody interested in buying RE. Anyhoo, no cash Not interested ploughing my trading profits to buy slowing appreciating asset Is a raging bull Buy any crap and you would make $, uh, not GOOG and GOOGL.
Things sure changed fast. Too early to switch to RE?
I think a stock correction is well on its way.