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Hi pussinboots1,

Inventory #'s are pretty useless w/o context. E.g. How does % inventory compare to previous U.S. housing crashes?

Well, I wouldn't call it a crash, yet. High inventory is evidence of more sellers than buyers, and a rush to exit by RE investors. Comparisons with previous periods may not be useful, as I don't know if other periods had such a high number of speculative RE investors as this one.

There's certainly merit to their discussion, and there could easily be some pockets of pain (SoCal, S.F., Boston, D.C.) in the U.S., but I think most likely is a slow period with flat-to-slightly-increasing prices and a shift to a buyer's market in many areas.

What more useful evidence do you have for an up-coming slow period with flat-to-slightly-increasing prices ... in many areas, except that you believe that that is what is going to happen?

Regards, rog
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