I agree with you, but I guess with $600/week going down to $200/week + fall could be worse than summer for infections...so, even if inventories stay low, prices could also soften.
Thanks USCTrojan. How do you see core logic prediction playing out for Orange County?https://www.google.com/amp/s/www.barrons.com/amp/articles/a-home-price-slump-is-coming-these-markets-will-be-hit-hardest-51594082678
I guess builders?especially, Irvine company?can keep the standing inventory and still sell future phases at a premium, but not everyone. E.g. people are ready to sell at 2016 pricing in Great Park but no buyers yet...