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A rally on Wall Street, throwing in the towel on housing and Wolfgang Puck 10/21/22

Power Lunch

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What's Going to Happen to the Inventory Picture for Housing?

We think inventories are going to get tight. Fortunately, we're not seeing a lot of pressure in the resale markets. A resale inventory is, you know, people are staying put. So that does give us a little bit of a backstop in terms of home prices. We don't see a lot of distressed selling taking place or shaping up any time soon. Unless we get some rate relief, home prices are coming down.

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