Zillow reported that nationwide active inventory was up 22% year over

year in August, although it remained 31% lower than the pre-pandemic

level of August 2019. Meanwhile, new listings grew slightly monthly and

yearly but were 21% lower than the same month in 2019. 

In a separate report, Zillow reported that unlike at the height of the

rate hikes, when renting was cheaper than buying, the opposite is true

in 22 of the 50 largest U.S. metros. New Orleans, Chicago, and

Pittsburgh offer the most significant savings when comparing the cost of

rent to a mortgage payment, assuming that the buyer purchases

conventionally with a 20% down payment.

Keep reading the article here: https://www.biggerpockets.com/blog/fall-housing-market-outlook

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