Logan Mohtashami on housing supply in 2023
HousingWire Daily
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What's Going on With New Listings Data?
If mortgage rates had slowly risen to that and hung around there, then you could have had a more functioning marketplace where the new listings data didn't decline. But what happened this year, everything kind of went wrong. As soon as the 10 year yield broke about 1.94 percent, the marketplace changed. The good point is that even with very low inventory, monthly supply and total inventory, there's still a, the affordability hit is still bringing pricing down.
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