Remove articles housing-completion-data-is-now-savagely-unhealthy
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Logan Mohtashami on why this is a savagely unhealthy housing market

Housing Wire

Logan Mohtashami: One of the things about my work is that I never revise my forecast every month like some economists do because I tend to forecast ranges in data rather than adjust the estimates based on an event. Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market.

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Have we already reached peak home sales for the year?

Housing Wire

When mortgage rates headed lower at the end of 2022 into 2023, we had 12 weeks of positive weekly purchase application data. The purchase application data has weakened as mortgage rates headed higher earlier in the year. The purchase application data has weakened as mortgage rates headed higher earlier in the year.

Inventory 458
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Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. We see this in the data. Now, it’s no longer the case, this negative trend is real on a year-over-year basis.

Inventory 496