"There's just not enough supply out there – so even with demand suppressed, I think you're going to continue to see prices firm up and trend higher over the next few months," Walden told CNBC.
The Black Knight analyst isn't alone in predicting that low inventory levels will revive the housing market.year-on-year by the end of 2023, due to the rapid fall in supply."Only two months ago, before we saw these radically low new listings numbers, we were forecasting something much more like 1.2%, something small," Olsen added."Now, 5% – that's on the hotter side of steady and stable.
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