Housing inventory just hit 4.9 months of supply – highest in over a decade.
Not exactly shocking when mortgage rates are knocking on 7%.
People forget: housing isn't just about prices. It's about affordability, which is payment × rate × availability. Right now, two of those three are working against buyers.
The interesting part? More supply usually means cooling prices. But we've spent years with inventory so tight that "normal" now feels like a glut.
Markets adjust. Always have. The question isn't whether they will – it's who gets caught assuming the old rules still apply.
Not exactly shocking when mortgage rates are knocking on 7%.
People forget: housing isn't just about prices. It's about affordability, which is payment × rate × availability. Right now, two of those three are working against buyers.
The interesting part? More supply usually means cooling prices. But we've spent years with inventory so tight that "normal" now feels like a glut.
Markets adjust. Always have. The question isn't whether they will – it's who gets caught assuming the old rules still apply.
