With data now compiled over two years with mortgage rates trending between 6%-8%, we have a better idea of what rate level we need to stick to have growth in existing home sales from these depressed levels. The key is that I am using the lowest bar ever in sales to work from, but we have good evidence now of what it will take to bounce sales and have it stick.
For those who prefer a YouTube channel, HousingWire has its YouTube channel, and both podcasts each week will be there now.
A note that the Nerd Tour is starting again; after visiting a few cities already, it’s off with a bang! I hope to see some of you in these cities over the next few months. We are booking many towns for 2024 & 2025. If you wish for me to speak for your company or association, contact Press@HWMedia.com
Phoenix
New Hampshire
New Jersey
Denver
Dallas Twice
Chicago
Boise
Salt Lake City
And a few more.
Every weekend, HousingWire releases the weekly HousingWire Tracker report, in which I examine the current and forward-looking housing data lines so you can stay up to date with the data lines that matter in housing.
“In three words, I can sum up everything I’ve learned about life: it goes on.” -Robert Frost.
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.