Comments by "Welcome Incorporated" (@WelcomeIncorporated) on "Big INFLOW of Sellers Jump to List Homes as Housing Market Logjam Breaks Open" video.

According to that redfin article you referenced we are at only 4 months of supply which is two thirds historical norms. So no, there is no massive influx of supply. Also, sellers don't care what rates buyers have to pay unless they are also buyers, which is a net zero gain in inventory. This latest crash bro talking poin needs to evaporate because it is baseless nonsense.
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@noahziegler3478 Really? Which years have housing prices dropped nationally? And if all you have to talk about is 2007-2011 then you've proven my point.
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Housing gone up every year except 6 of the last 85 years. The only thing that would be an "indicator of a crash" would be inventory in the 8-12 months range like during 2007-2011 (five of those years home prices actually went down). Right now we are at 4 months supply and dropping , again. A week or two and there on inventory isn't indicative of anything except the normal fluctuations in a low volume market.
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@kidwichita 🙄 According to the redfin article referenced in this video prices are also up 4.2% year over year.
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@misterringer No, they are not. Nationally prices are up 4-5%. Hence "most markets" are rising, Try looking at the actual redfin article.
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@metrocaptain No its not "unusual" and there are not "so many listings". We are still less than two thirds the amount needed to have just a balanced market. Which is why prices are still going up up and away. Talk to me when we have at least a months supply.
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@anthonystevens1818 You sound unhinged. What part of the post is a "lie" or even incorrect? Lol. And who is talking about 2019? But look prices went up about 5% in 2019 and they have gone up about 5% this year as well. Cope.
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@anthonystevens1818 You're still wrong. Historical average for a balanced market is 6 months. We are at 4. So quite a ways off still. Which is why prices conrinue to rise even with "high rates".
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@misterringer Small seasonal drops happen every year. Which is why all price aggregating sites use year over year data to account for that. And we are up 4-5% for rhe year and considering we are at the end of the year that's just about the total increase for 2023. 👍
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 @NW.Modern Real estate has gone up 79 of the last 85 years and 5 of those down years were 2007-2011. That's pretty much all Crash zealots have, which is why it's all they ever take about.
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Home prices are neither leveling off and they definitely are not declining. They are still going up up and away. 👌
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AORF Acceptance of renting forever.
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