Nice try chump (CFO Not AN)! My feet are as firmly planted on the terra firma as anyone’s. Check my post and you will see that I did not say this WILL happen, only that it is a plausible scenario. We really have no idea of how many people are testing the market/don’t HAVE to sell. Inventory continuing to increase or at least stay flat looks to be the case. I was just introducing the possibility that it could actually fall, so those of you out there would not be completely shocked if this does happen. My suspicions are that the number of “unmotivated sellers” is somewhere between 10 and 30%. What they will choose to do when faced with a new market reality is anyone’s guess.
Inventory going up 27% when more people put their house on the market than any other time does not necessarily equate to 27% growth over the next 3 months. We typically see a fall off in the number of new listings around July.
We are in uncharted territory and I nor anyone knows what will happen. However, intelligent people like to look at all angles of things so as to avoid being blindsided.
