Months of Supply of Existing Housing on the Market

On October 25, 2010, Calculated Risk (Bill McBride) posted the updated numbers from the National Association of Realtors concerning the nationwide months of supply of existing homes on the market.  As illustrated in the chart below,  supply decreased to 10.7 months in September from 12.0 months in August. The existing housing inventory number remains extremely high.  As McBride points out, suggests prices, as measured by the repeat sales indexes such as Case-Shiller,  may show further declines in coming months.

H. Pike Oliver

Born and raised in the San Francisco Bay Area, H. Pike Oliver has worked on real estate development strategies and master-planned communities since the early 1970s, including nearly eight years at the Irvine Company. He resided in the City of Irvine for five years in the 1980s and nine years in the 1990s.

As the founder and sole proprietor of URBANEXUS, Oliver works on advancing equitable and sustainable real estate development and natural lands management. He is also an affiliate instructor at the Runstad Department of Real Estate at the University of Washington.

Early in his career, Oliver worked for public agencies, including the California Governor’s Office of Planning and Research where he was a principal contributor to An Urban Strategy for California. Prior to relocating to Seattle in 2013, Oliver taught real estate development at Cornell University and directed the undergraduate program in urban and regional studies. He is a member of the Urban Land Institute, the American Planning Association and a founder and emeritus member of the California Planning Roundtable.

Oliver is a graduate of the urban studies and planning program at San Francisco State University and earned a master’s degree in urban planning at UCLA.

https://urbanexus.com
Previous
Previous

The Deposit Insurance Fund is in Negative Territory

Next
Next

Per Capita Housing Production in USA at Lowest Rate Since World War II