2 Million Single Family Homes... And Counting

Well it was bound to happen. Hardtack passed 2 million single family homes on the market this afternoon pacific time. For a while we were certain it would happen towards the end of June, but there was a significant and broad based reduction in MLS inventory at the end of June. For a while we figured it was another of our disappointing "data anomalies" (see posting about Washington DC), but it was broad based decline across multiple areas.

Since then, inventory counts have been rebuilding, with a few areas still doing strange things (Seattle is a great example).

Please note, this is not the end all-be all tally of home inventory. Hardtack does not track every market, only the 300 largest. To be certain the amount of inventory up for sale right now is truly staggering, and represent a real threat to the near term financial health of this country.

Whichever way it works out, Hardtack will continue to provide transparent statistics and information on this crucial part of our economy.