Again, start thinking about what happens when things reopen. People only have so much time/money for things. Example: When my shoulder was injured I stopped playing golf and started biking. Got my shoulder fixed: No more biking.
Housing: Perhaps the Greatest Sellers Market in History
We probably have the lowest housing inventory on record at the moment. Look at this graph from Altos Research. Year over year inventory is down 53%. There are less than 400k homes for sale in the entire U.S.
Best of luck if you need to buy a house right now. There is nothing to buy. This could be the greatest sellers market in history and will lead to huge price gains.
If you see sales slowing, that’s not because of a weak market. That’s because there’s nothing to buy!