June 2017 housing data: prices up, inventory up more August 2017 Housing Charts: a break from the 2013 pattern Subscribe Log in Notify of new follow-up comments new replies to my comments Please login to comment 5 Comments Oldest Newest Inline Feedbacks View all comments gzz 6 years ago Woohoo, 7% YOY increase! WeWoohoo, 7% YOY increase! We are still lagging other cities though. bewildering 6 years ago The main takeaway from theseThe main takeaway from these data is the lack of inventory. Despite the high prices not many people want to sell. I could blame prop 13 or lack of building in San Diego but apparently, lack of inventory is happening all over the nation. https://www.cnbc.com/2017/05/17/real-estate-ceo-record-low-housing-inventory-is-freaking-us-out.html I wonder if there has been a cultural shift to people now renting out their old home rather than selling? Why not just rent out the old house with low-interest rates and easy credit. With low monthly payments, it makes more financial sense in the long term to become a landlord. You can even make a great yield from places like AIRbnb. gzz 6 years ago It isn’t hard to explain. REIt isn’t hard to explain. RE offers good and growing income compared to stocks and bonds. The only stocks that pay more than 4% are risky sectors like energy and tobacco that might not even exist in 20-30 years. Escoguy 6 years ago Reply to gzz My guess is that every fewMy guess is that every few months several hundred homes shift from the bought and sold market to permanent hold positions in the greater SD market. Investors have no incentive to sell short of a radical change in tax policy which doesn’t appear to be in the works. fredo4 6 years ago Need advice from rentalNeed advice from rental investors. I’m trying to choose which out of state rental market to buy into. Paying all cash, because I cannot get a loan due to eliminating some inventory in business. With only 90k to work with, I’m looking at very nice houses in good Detroit and Ann Arbor suburbs. I’m also looking at condos in Dallas, because I don’t have enough money for a house. According to what I’ve read, Michigan is great for return on investment and the suburbs are relatively stable, but not as stable as Dallas, where appreciation would be good. I plan on buying and holding. Thanks!