Today’s podcast explains why I ended the Savagely Unhealthy housing market theme. In short, I have never been a fan of this housing market, with the days on the market below 20 days. Or as I say, nothing good happens when days on the market are a teenager or less.
The national data now shows over 30 days, my target level to return to normal.
So, even though total inventory levels are not back to my 1.52 million comfort zone, currently at 980,000. The first step back to normal is getting days on the market above 30.
I am no longer writing for my blog; all my work can be found at HousingWire; you can use my LoganVIP20 code to join HousingWire Plus. Also, I can’t join Twitter Spaces, a podcast, or an interview unless it goes through Press@HWMedia.com first.
I recently wrote about the existing home sales report and why the data made me happy that days on the market are growing, even though I am still far from the 2019 national inventory call I made last year.
Tomorrow at 7:10 AM, I will be on CNBC to discuss the housing market after the New Home Sales report is released.
Link to the interview here: https://www.cnbc.com/video/2023/02/24/housing-market-cant-find-stability-long-term-as-rates-move-up-and-down-like-this-says-housingwire-analyst.html
“Keep your face always toward the sunshine and shadows will fall behind you” Walt Whitman
Logan Mohtashami is a Lead Analyst for Housing Wire, a financial writer, and a 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