Logan Mohtashami on the state of the housing market since COVID
HousingWire Daily
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The Work From Home Model - The Perfect Storm
We have historically low mortgage rates. Anyone who had ever thought about buying a house was like incentivized to buy a house plus, you know, with COVID people like I don't want to live in these smaller areas. We only had one year of purchase application data growth. Two years of sales growth average out was only about 350 to 375,000 more than 2017 levels. This was a pure once in a lifetime event where we just had a raw shortage of homes and rental vacancies thatEverybody flooding the markets and they're bidding against each other.
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