On The Market cover image

38: Wall Street Loses Its Landlord Appetite, Listings Slump, and Rents Rise

On The Market

00:00

Is There a Recession in the Market?

In July, there was 9,300 new listings in Phoenix that dropped to 7,300 by August in one month. That's like an enormous, an enormous fall off. And I think part of that though is too, like the absorption rates down so much is people aren't seeing the sales go through. So they don't want to list their house. A lot of people already have FOMO. They go, I missed it.

Play episode from 36:29
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app