Housing Inventory Too Low for Significant Price Drop: Miller

The video discusses the current state of the housing market, focusing on inventory shortages, credit policies, and home equity. It highlights the lack of mobility due to high interest rates and consumer attachment to low pandemic-era rates. The discussion also differentiates between existing supply and new construction, noting the risks of oversupply in new builds. Overall, the market is expected to see modest declines, with prices likely remaining stable if interest rates do not decrease.

In what ways does the current equity situation affect homeowners' decisions to sell?

What are the potential risks associated with new construction in the housing market?