Housing Coming Back Into Balance, JPMorgan's Feroli Says

The video discusses the current state of the housing market, highlighting the impact of higher mortgage rates on home sales. It notes that while the market is cooling from previous high levels, it is moving towards a more balanced state. Inventory levels are expected to remain low, and home prices are not anticipated to decline significantly. The discussion suggests that the market is stabilizing, though not experiencing a downturn similar to 2006.

What impact do higher mortgage rates have on home sales according to the text?

What does the phrase 'getting a little bit back more into balance' refer to?

How does the text describe the current state of housing inventories?

What does the speaker expect regarding home prices in the near future?

How does the speaker compare the current housing market to that of 2006?