Logan Mohtashami: Will home values go up this year?
HousingWire Daily
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The Importance of November 9th in Mortgage Rates
On November 9th, the feds from number one recessionary indicator went off. The dollar was getting stronger and the 10 year yield got to a very high level. Usually that's a top in a in an expansion. And then from that point on, mortgage rates started to fall. So it all reflects onto that date, because that was the inflection point. It's not a collapsing housing market. Crashing demand means home sales keep on falling.
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