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Open original source ↗Is all housing supply created equal? If there is an element of fungibility, upward pressure on concessions and downward pressure on home prices will be sustained.
The bigger question via the CEO @HomeDepot “What will it take to finally ‘unfreeze’ the ‘frozen housing market’”? https://t.co/8XrLAenaQJ
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Accidental landlords are starting to pop up in many markets as the summer housing season is in its final weeks. These are single family home owners who tried to sell their home this summer, couldn't, and are racing into the for rent supply to try and find a tenant. Texas leads the nation with 11.7% of every single family home for rent unit coming from an accidental landlords. These are currently on market with no tenant. Others: South Dakota: 9.3% Nevada: 8.4% Michigan: 8.4% Florida: 8.1%
jasonlewris ↗