Today’s podcast explores why the housing market remains resilient, despite a significant increase in mortgage rates from 5.99% to 6.85%, representing a 0.86% change from the lowest to the highest point. While the housing market has slowed down recently as rates have risen above 6.64%, all three key demand indicators showed year-over-year growth even after last week.
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“If you know the enemy and know yourself, you need not fear the result of a hundred battles.” — Sun Tzu
Logan Mohtashami is a Lead Analyst for Housing Wire, covering the U.S. economy with a specialization in the housing market.