BPG Jared

Residential Sales Advisor at BPG Holdings

[The Kobeissi Letter @KobeissiLetter]

The US housing market is officially a buyer's market:

There were an estimated +57.9% more home sellers than buyers in August, the biggest gap on record.

This is up sharply from +52.1% the month before, which was the 2nd-strongest buyer's market on record.

This comes as the number of active sellers surged +3.9% MoM, or +57,958, to 1,534,918, the most since early 2020,marking the largest monthly increase on record.

At the same time, there were ~972,300 active homebuyers, the 2nd-lowest reading on record.

This brings the gap between active sellers and homebuyers to a massive 562,618.

As a result, 36 of the 49 major US metros are now buyer's markets, led by Nashville, where sellers outnumber buyers by +139%, followed by Miami at +138%, and Houston at +131%.

Historically low affordability is causing buyers to quit.

[BPG Jared @JLillyHomes]

May peace and prosperity find you in the coming year. #HappyNewYear #celebrate

[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

Wishing you a #HappyHanukkah.

[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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[BPG Jared @JLillyHomes]

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