>> As of June, there were fewer than 800,000 housing units listed for sale across the country, down from nearly 1 million at this point in 2020, according to Realtor.com. At this point in 2018 and 2019 there were north of 1.2 million homes listed for sale.

>> “For buyers, it’s been a tough go,” said Yun. “Not only have prices not fallen, there’s not much inventory.”

As an active homeowner looking to relocate in Seattle, inventory has not been good this summer.

I'll also say that IMO, the economy has not cooled. Even with all the tech layoffs, banking faults, the US$1M+ houses are still selling quickly. I spoke with a family member in finance, who kept saying a recession was coming. It never did, at least not one I can say that affected the economic landscape.

We’re looking at a stagflation situation now where prices go up and wages and even underlying assets are supposed to be going down (cars and technically houses given they both depreciate as durable goods go).