Is 2020 going to be Repeat of 04'-05'?
On December 1st, 2020 the SFR inventory level is at 4012 homes available. 2870 homes have sold in the last 30 days giving us a current supply of 1.39 months. The happy middle for supply is 6 months. At that supply level we see 0% appreciation. Remember 04'-05'? 52% appreciation, less than a 3 month supply, with only 2700 homes available. Remember 13'-14'? 32% appreciation, less than a 3 month supply and about 3900 homes on the market...We are headed for those high double dig