Months Supply: Where 6 months is considered a market neutral figure between buyers and sellers, we had a paltry 1.8 months, tipping the balance heavily in favor of sellers.S and P Case-Schiller Index for Boston region showed flat again.

But they choose to just single out this one part of the housing supply chain. 

I have been told from my property management company it is because there aren't enough supply (handymen).

The thing is both supply and demand have decreased so far so we aren't seeing any drastic effects in either direction except for those that thrive on transaction volume like realtors, inspectors etc. 

Location and supply matters a lot, many areas have been overbuilt in self storage, so finding replacement tenants for the ones that bounce is going to be difficult.I'd be much more concerned if my apartments were in the markets that have banned evictions for the rest of the year.

If we have high unemployment that will dampen buyer demand. 40% of the job losses have been in the restaurant & service sector which has it can be difficult to make enough money to purchase a home in LA.Until Supply and Demand tips for a long period of time, I would start expecting wide spread price declines.

Literally every day I think I speak with someone new from New York moving down here.Hi Dillon,I think there are definitely more Californians leaving the state but I don't think it's nearly as many to reduce the demand so that the supply can keep up - there is a housing shortage in CA and home building/residential land development has not been a big priority here (at least around where I live). 

Did you know that your local office supply store sells a package of 25 Real Estate Purchase Agreements?

It really comes down to the numbers and supply.

Supply/demand is simple economics.