Logan Mohtashami: Some positive housing news for Christmas?
HousingWire Daily
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Introduction
Existing home sales came out today. The waterfall dive in demand that we've seen this year replicates what we saw during COVID. If mortgage rates hadn't moved from 5% to 7.375, total inventory would have been near all time lows going into 2023. It's complicated with a mortgage rate situation because you say, okay, if we hadn't had this, we would have had even lower inventory.
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