The pull back in housing remains orderly, at least in the existing market. But the red flags are up. Inventories continue to rise and that is a warning that prices cuts could be coming, and soon.

Joel Naroff

Existing Flags Housing Inventories Least Market Orderly Pull Red Remains

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So far, the cracks in the housing market are not that great, but with inventories skyrocketing, that may not last long.

— Joel Naroff

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While we can be somewhat blase about goods [prices], at least for a little while longer, we cannot conclude that retail inflation is anywhere near under control.

— Joel Naroff

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Don't sweat it at all. The level of activity remains robust and the details are quite good.

— Joel Naroff

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Housing activity has peaked. Inventories continue to rise. I see the housing market continuing to soften.

— David Lereah

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Red flags should be going up to Missourians everywhere.

— Jack Cardetti

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