Part 3/10:
One of the key shifts influencing this market downturn is the drastic increase in housing inventory. Data from Realtor.com indicates that there are over 900,000 active listings in the U.S.—a figure that is only 26% below pre-pandemic levels. More strikingly, the inventory in southern states has returned to figures experienced prior to the pandemic, indicating an impending drop in property values in those regions.