Inventory shortage narrative fades as supply rises, price reductions hit 18.6%; October housing starts hit 80K, a clear sign of recessionary trends.

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The inventory shortage narrative runs out of steam as Realtor pivots on supply and price

“This is the longest stint of four-plus months of supply in five years”

“The percentage of homes with price reductions was 18.6%” – higher than 2017-2019

Just wait until Spring…