The web search results mention Morgan Stanley's historical predictions (e.g., expecting a 10% fall between June 2022 and 2024), but none of the provided evidence specifically corroborate the claim that a prediction of a 10% rise in secondary home values was characterized as a 'non-consensus call' *as recently as January*. The evidence is insufficient to confirm the timing or the specific characterization of the prediction.

The claim cites 'Midland Realty' regarding 'excess inventory' of '17,500 units last month.' While one web search result mentions 'Midland Realty,' it only discusses rent price increases in August and does not provide any figures for excess inventory. The specific data point (17,500 units) and the context (residential sector inventory) are not corroborated by any other source.

This claim compares the 'excess inventory' to a previous figure of '23,000 units at the beginning of last year.' Neither the current evidence nor the web search results provide the necessary context or the specific comparison figures (17,500 vs 23,000) to verify this statement. The evidence is limited to general real estate discussions.

The claim provides specific figures regarding 'new completions' (17,000 units this year vs 24,300 in 2024). None of the gathered evidence, including web searches or Wikipedia, contain these specific comparative statistics regarding new housing completions.