Do you agree with title leader that home prices will not fall?

[Daniel Sperling]

Just got off this morning's earnings conference call to get a sense for the perspective on the market from title services leader First American Financial. Executives on the call reiterated their view that home purchase prices will remain flat throughout 2020 and not decline citing reduction of housing inventory. At least one Wall Street analyst on the call seemed to agree. What do you think, do you agree?

[Karl B.]

In the L.A. market I agree, for it's true - inventory went from around 2600 on SF to 1700. Sellers pulled their homes. 

It's market dependent, for sure. 

I know in my PA market small multi-family properties have been selling well as there aren't many decent 2-4 unit properties on the MLS.