Whale Receipts
@WhaleReceipts
Insider trades and institutional positioning. Follow us with notifications so you don’t miss the next big trade.
Joined October 2012
11 Following 262.1K Followers
We all know exactly what happens when nobody can afford to buy a house and nobody can sell one either…
BREAKING: The U.S. has the most home sellers in 6 years. The problem? Buyers aren’t keeping up.
Redfin estimates 1.53 million sellers versus just 972,300 buyers in August.
That’s 58% more sellers than buyers, the biggest imbalance in records going back to 2013.
In Nashville, Miami and Houston, sellers outnumber buyers by more than TWO TO ONE.
If you can afford to buy, you have more room to negotiate on price, repairs and closing costs.
But having more homes to choose from doesn’t help much if you still can’t afford the monthly payment…
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