Why the housing sector isn't a 'buyer's market' yet: Economist

The S&P CoreLogic Case-Shiller Index, an economic indicator that measures the change in value of US single-family homes, jumped by 5.9% year-over-year, the third month in a row that the index has posted a new record, with annualized growth dropping slightly compared to April.
National Association of Realtors chief economist Lawrence Yun joins Wealth! to give insight into the Case-Shiller Index reading and what it means for investors and homebuyers.
He begins with the "good news" for potential home buyers, claiming, "The inventory are rising and quite measurably. Right now we have about 30% more choices, more inventory out in the marketplace now compared to one year ago. In some markets like Florida and Texas, they're saying 50, 60, 70% increase from one year ago."
He does warn that the housing sector does not present a buyer's market just yet, though there are "better conditions" for buyers today compared to one year ago.
#youtube #news #housing

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[vinaykumar-sbsb]

Says who? Ofcourse National realtor association senior VP. Obviously they don't want to loose commissions

[kwannp]

Inventory is not truly increasing. What this guy is not telling you is that the incumbent inventory are homes nobody wants to purchase in which artificially presents the perception of higher inventory in the market!

[AgataRadizikowska]

Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?

[nickvin]

Home sales have literally fallen off a cliff. Nice try though.