1) The graph above points to how bifurcated the US Housing Market is right now.
Texas and Florida literally have 276% more inventory than the entire Northeast US, which comprises 9 states.
Prior to the pandemic these regions had the same amount of inventory.
— Nick Gerli (@nickgerli1) July 15, 2024
2) It's even crazier when viewing on a bar graph.
Texas/Florida have the most inventory of any region in the US.
Including: the rest of the South, West, Midwest and Northeast.
Texas and Florida alone account for 30% of the US' housing inventory today. pic.twitter.com/PkKNY0Px9J
— Nick Gerli (@nickgerli1) July 15, 2024
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