Tom Lee said on X that ample U.S. housing supply means supply exceeds demand, so home prices need to adjust and will decline. The drop in housing prices will serve as a major disinflationary force, with rising rents providing a partial offset. Since 63% of households own their homes, CPI should gradually cool.
Tom Lee said on X that ample U.S. housing supply means supply exceeds demand, so home prices need to adjust and will decline. The drop in housing prices will serve as a major disinflationary force, with rising rents providing a partial offset. Since 63% of households own their homes, CPI should gradually cool.
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