One of the biggest challenges I’ve been facing this year while investing in real estate has been the shortage of inventory. It’s one thing to sense this shortage in the daily bidding process or by looking at pure statistics, but nothing really hits home like a good old graph from the Commerce Department. As one can see from the charts, there is about half the inventory we’re normally at, and 25% of the inventory at the height of the housing bust in 2007 and 2008. Small wonder housing prices are still rising despite higher interests rates and in my opinion would continue to do so for at least the next 2 years. For an in depth report on the housing inventory level, check out the link here.
