Today’s podcast discusses the damage done by high home prices. I also talk about how we have a shot to get inventory back to normal levels next year.
My recent article shows the data on the damage of high price growth.
I am no longer writing for my blog; all my work can be found at HousingWire; you can use my LoganVIP50 code to join HousingWire Plus.
I know being part of Team Higher Rates isn’t popular, but imagine how much worse price growth could have been if mortgage rates were still at 3% today. If we have a society that needs 3% mortgage rates for builders to build more homes, but at the cost of existing homes being up over 20% year over year, that is an issue with the system.
“We have always held to the hope, the belief, the conviction that there is a better life, a better world, beyond the horizon.” Franklin D. Roosevelt
Logan Mohtashami is a Lead Analyst for Housing Wire, financial writer, and blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami, now retired, spends his days and nights looking at charts and nothing else.