- the source for market opinions


November 10, 2023 | For Sale Inventory on the Rise

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

The four Ds drive real estate listings: death, divorce, default, and discretionary. The first three tend to trigger regardless of market conditions. ‘Discretionary’ and default listings tend to rise with interest rates– both are escalating now.

Ted Oakley discusses real estate with property market expert Ivy Zelman.  Here is a direct video link.  

For those who think that interest rates are not high enough to cause significant strain, context is critical. It is the rate of change that matters most. The move from less than 1 percent to more than 5 percent over 16 months is by far the most severe of any previous tightening cycle in at least the last 50 years (chart of the US 10-year yield change in log scale below since 1977 courtesy of Francois Trahan). Moreover, this rate shock hit when all levels of the economy were at record levels of indebtedness—# thisisabigdealfolks.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the Weekly Recap.

November 10th, 2023

Posted In: Juggling Dynamite

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site


This site uses Akismet to reduce spam. Learn how your comment data is processed.