But he made some good points that can’t be stressed enough:
1.) Sure, there’s a low inventory of home out there now. But that might be the result of sellers waiting for prices to finally and fully rebound to their pre-recession highs, Warren said.
2.) Meanwhile, there’s simply a lot of pent up demand for housing, he said. “They (buyers) were just too scared to do anything in the recession,” Warren said.
And now they’re not scared.
He really explains well the basic supply-and-demands problems that’s making this one of the most vexing housing markets in decades.