They're two different animals that sometimes go together but not often and not usually at the same time in markets. 

I need a lawyer to write a letter of demand.

@William Tomp, yes 90+% is ideal and shows that generally supply and demand are in balance, really more like 95%, but when you start getting above that, you can bet supply will be growing quickly as everyone is looking to bring new product online.If the market is really low, it is clearly oversupplied, and knowing which side of that trend you are on is important. 

That's consistent with anecdotal evidence that we're hearing from agents, title companies, and loan officers that demand still far exceeds supply. 

I don't understand why everyone dances around the issue, money supply goes up+demand outweighs supply =value goes down.

With the fact that you don't have enough data points to determine supply vs. demand and how it equates to value of the basement, I think you'll have a hard time getting him to budge or proving your case.

I’m also living in the other unit with my young child which is afraid of animals .

I don't watch the news...I watch the actual news conference.I read actual reports, and not interpretations.I realize that any economic impact on purchases, business, investments, etc...aren't based on an economic problem, they're based on a temporary medical problem.I firmly believe, the medical problem will be solved in a short enough period of time and will not have any long term major negative impact on the economy.I know that when the "hounds are released", any negatives that might have happened to the economy, will bounce back and head north faster than it went south because of a built up demand...and the fact that this problem wasn't ecomonically based in the first place.

I guess because more than half of all rental properties are owned by "institutional investors" this means people are justified in demanding free housing?

Tampa is a growing market; 200 people a day move here and the demand for housing far exceeds the inventory - which is at historical lows.