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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US
Realtor.com shows active home listings growing for the first time since 2019 last week.
- Doesn't mean inventory is ample, but is another sign the red-hot U.S. real estate sector is loosening a little.
- Realtor.com: "for every 5 homes available for sale in the [pre-pandemic] period, today there are just 2. In other words, homes for sale are still limited. However, the switch to growth after nearly 3 years of decline is a step in the right direction, even though inventory continues to lag pre-pandemic normal."
- Real estate blog Calculated Risk provides the chart below, and notes that inventory "will tell the tale" for the health of the housing market going forward. They note the Realtor.com stat that inventories are rising Y/Y versus 30% declines at the beginning of 2022 as another clue to a potential turning point in house price growth.
Source: Calculated Risk
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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