Is there a large supply increase coming?

[James Mc Ree]

I see 3 near term drivers of supply increases coming:

1. Foreclosure moratoriums are/have ended creating a wave of properties being auctioned and flipped.

2. Eviction moratoriums will (may) end June 30. Evictions may lead to weary landlords selling their properties.

3. Workers who changed jobs and didn't move, but otherwise would have, may now need to move as work goes back into the office.

It seems that all 3 of these were pre-pandemic drivers of supply that effectively stopped in Spring 2020. As foreclosures, sheriff sales, evictions and moving for the new job all return to normal, do you think we will see a surge in properties for sale that might drive down prices, if only temporarily?

[Russell Brazil]

Nope.