Is a lot of stuff coming on the market?

[Noah Rosenblatt]

According to supply charts, this is the 1st real sustained runup in supply since reopen last year

 

[inonada]

From the buildings I track, it sure feels that way.

 

[David Goldsmith]

Note that even at it's recent "bottom" supply was significantly above the "hot market" years 2012 through 2015. And we are still not including a significant amount of "shadow inventory." Spike in "Market Pulse" was relatively short lived, an indicator that possibly the post lockdown boom has been more deals which were time shifted from lockdown than a true, sustainable increase in demand.

 

[Noah Rosenblatt]

146 in last week...600+ in last month..hmm, dont think so?

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[Noah Rosenblatt]

Note that even at it's recent "bottom" supply was significantly above the "hot market" years 2012 through 2015. And we are still not including a significant amount of "shadow inventory." Spike in "Market Pulse" was relatively short lived, an indicator that possibly the post lockdown boom has been more deals which were time shifted from lockdown than a true, sustainable increase in demand.

Could be. Im starting to think the first recovery wave is done and we move down/sideways slightly before the next move decides where to go. Then again, thats generally how longer term up trends look - move up, then sideways down a bit, then move up again...nothing goes in a straight line forever