The three pillars that determine housing supply
J.P. Morgan Asset Management's U.S. Housing Strategist, James Egan sat down with Yahoo Finance senior reporter Alexandra Canal and Yahoo Finance producer Sydnee Fried on Stocks In Translation to explore how supply is determined in the housing market. Egan outlined the three key components that influence supply, noting, “There are three components to supply. We talk about the listing of existing homes for sales, the people that currently own homes, are they trying to sell their homes? There's the building of new homes. And then the third prong, we call it the shadow inventory. That's kind of distress foreclosure. We haven't seen a lot of that,” adds Egan. The podcast then goes on to explain how existing homeowners get "locked-in" to their home mortgage rates. Listen to the full episode here, or wherever you get your podcasts. For expert insight and the latest market action, click here to watch more Stocks in Translation. This post was written by Neil Mulcahy.
