8) You can get a sense of this "reversion" by looking at the metros with the biggest inventory growth over the last year.
Where are they located…?
Texas, Florida, Texas, Texas, Texas, Florida…
Lots of supply coming online in these states. pic.twitter.com/kqBeCnkHwi
— Nick Gerli (@nickgerli1) June 5, 2024
Housing markets where home prices have dropped the most since bubble peak in 2022.
Check out Austin, TX. -17% already. And still falling.
Declines slowed in many of these markets over the last 6-12 months. But they will soon accelerate again.
1. Austin, TX: -17%
2. New… pic.twitter.com/FnrMFbWOQe— Nick Gerli (@nickgerli1) June 5, 2024