What is the absorption rate, and why should you care? A couple years ago I had the honor to interview Leslie Appleton-Young, then Chief Economist for the California Association of REALTORS, for my podcast. Leslie is famous for her real estate forecasts – highly detailed, hour-long presentations on the current state and future of the California real estate market. So I asked Leslie what’s the #1 thing she looks at to determine where home prices are headed…and she answered “the absorption rate!”. Well, not really – she said “inventory” which is calculated using the absorption rate. Learn everything you ever wanted to know about the important of both inventory and the absorption rate in this riveting episode of It’s a Seb Show!
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