, declining by 1.9% versus the expected drop of 0.8%. HousingWire Lead Analyst Logan Mohtashami joins Catalysts to discuss the interplayMohtashami notes that inventory levels within the housing market have been on a steady upward trajectory."The positive story is going to be that inventory will be up this year versus what we had in 2023," he says, hinting at the potential for increased supply to alleviate some of the market's pressure.
Our weekly tracker uh inventory has been showing that the new listings data has been growing year over year every week.The home price growth seems a little bit strong. But we're still the positive story is going to be that inventory will be up this year versus what we had in 2023 Logan.Uh Just naturally 2023 was the lowest new listings data ever recorded in history.
We know according to Zillow that home buyers need 80% more than they did four years ago to purchase a home.