Actually the glut is in several types of hands. Developers, homeowners who will turn into sellers in 1-2 years, and flippers. The flippers particularly hold mor

Actually the glut is in several types of hands. Developers, homeowners who will turn into sellers in 1-2 years, and flippers. The flippers particularly hold more housing stock than they did in 05-08 by wide margin (per this source). He also tied in buyers of new construction having signed onto prices during the low interest rate regime and now facing high rates. With much fewer population growth than seen after the 08 correction the demand fundamentals look much more troubling at least in that respect. This does make me wonder how many ARM mortgages are outstanding and likely to become insolvent in the new interest rate regime. Edit- Not finding something exactly related but here’s a chart of “troubling” mortgages “30-Year Fixed Rate Conforming Mortgage Index: Loan-to-Value Greater Than 80, FICO Score Between 680 and 699”: https://fred.stlouisfed.org/series/OBMMIC30YFLVGT80FB680A699 https://fred.stlouisfed.org/series/OBMMIC30YFLVGT80FB680A699 Was looking for how many outstanding ARM mortgages will mature in the next several quarters. Edit-looks like it’s been trending to 10% of the market recently. https://themortgagereports.com/93472/adjustable-rate-mortgage-trends-2022 https://themortgagereports.com/93472/adjustable-rate-mortgag...