The Inventory Crisis
Over the past few months, there hasn’t been a morning that my notifications weren’t filled with headlines talking about the real estate inventory crisis. I can’t even escape hearing about it while mindlessly scrolling through TikTok!
But, while we are all well aware of the crisis, understanding why it is happening isn’t as clear, even to those in the real estate industry. So I figured I’d try to summarize my thoughts on what is happening in “this crazy real estate market!”.
The Perfect Storm
There isn’t just one factor that created the situation we are experiencing. It is more of a “perfect storm” of multiple scenarios playing out at the same time. Below are, in my opinion, some of the biggest culprits.