Today’s podcast asks, can home prices rise in 2023 with the stronger-than-anticipated pricing data we have seen recently? A lot has changed in housing since November 9th, 2022. My crucial phrase is stabilization in the data, not the Covid19 V shape recovery. This is all happening while Lumber prices have been falling, which is another topic I also go into. Remember, be the detective, not the troll; there is a reason why I have stressed November 9th, 2022, for some time; you need to verse yourself with forward-looking housing data to understand what is happening now.
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 new home sales report, which beat expectations. Just remember, the builders are efficient sellers, and in a low total active listing environment, they can pull some levers to move product.
“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