Low Housing Inventory Holding Back Crash?

Low Housing Inventory Holding Back Crash?

Housing Market Supply Is Keeping Prices From Crashing Housing inventory in the U.S. decreased between October and November this year, underscoring a housing shortage that some experts believe is helping to keep soaring prices from dramatically plummeting. The National Association of Realtors (NAR) announced Wednesday that total housing inventory at the end of November was 1.14 million units. This was down 6.6 percent from October but up 2.7 percent from a year ago. The potential, or lack thereof, for the U.S. housing market to crash has become a major point of discussion in recent months in light of elevated mortgage rates, soaring housing prices and inflation. This doesn't mean that housing prices won't drop at all. But prices "would fall more if not for a lack of homes for sale," the outlook said.

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