To you last question. I’d think not yet. Inventory is not only low, but it seems to be decreasing.
I could see situations like you mention stalling the appreciation rate a bit, but it’s going to take a lot more than that to actually force prices down.
I mean…they cannot just go up forever at the rate they are, but I’d love some data to help predict when that might occur. It would probably have to be something tied to demand like more difficult financing (not necessarily easy now) or people just choosing to leave, but I do not see that happening soon either.
