Now track either housing shortages or for sale supply, or on market data for those same data Points.When you do this, you will question why you are even thinking about the Stock market. 

Oil prices remain a huge X factor, and housing prices (at least with respect to rents) are being held back by the most supply EVER being built and coming online here in 2024.

we invest in non performing mortgages (and do some short term RTL's), and the indicators we look at are our inventory supply and where is the inventory.

Recent zoning changes now allow for three dwellings on a single parcel, and parking requirements have been lifted in denser areas, both of which have boosted the local housing supply.

Because of this the supply is relatively low which means the ones that do exist tend to make good money, especially if you theme it toward bachelor/bachelorette parties.

Though I have not personally contributed to these investments for tax credits, I have personally seen these investments in action and these investments can help provide more supply of housing and development that would otherwise not be there.

Some investors I know have second-guessed pulling from their 401k when markets rebounded stronger than expected.

Basically, the demand is much weaker than the supply. 

Do you think supply with surpass demand?

However they cannot supply 10,000 of those deals.