Still think housing will trade in a range for many years 10? 15 ?. Definitely heading to the top of the range, even extending the range now.
I can’t imagine sales numbers can pick up much with such low inventory. in the stock market, when the market soars on low volume, how seriously do you take the rally ? Does that apply to housing ? Maybe with much longer time-frames.
We don’t need a tsunami of inventory to turn this back to some sense of normalcy. Just a normal flow of inventory would do. is it coming ? I just don’t know.
