I think the inventory is low because banks don't want to let go foreclosed homes all at once it would kill the price at market. There are many weaknesses going into the economy that are hurting the housing market. The first being millenials which are at a multi-generational high of living with their parents. That of course being due to two factors college debt, and jobs. Boomers have homes, but not that many people to sell to. Also retail which is 16% of economy is falling hard. The second boomers are retiring and attempting to mostly downsize. The run up in homes have been by banks and foreign buyers and there has been movements by the chinese goverment to stop money flows out of their country.
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