HousingWire Daily
Logan Mohtashami on positive spring housing market signals
Mar 28, 2025
Logan Mohtashami, a lead analyst known for his data-driven housing market insights, joins to discuss positive signals for this spring. He highlights how lower mortgage rates are invigorating home sales and the potential for stability despite economic challenges. Mohtashami draws parallels to the 1980s, addressing affordability and inventory issues. The conversation also delves into the complexities of new home sales and the vital role of financing in today's market dynamics.
30:40
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Quick takeaways
- Lower mortgage rates are crucial for home sales growth, with potential significant improvements if rates drop to around 6%.
- Slower home price growth and rising inventory hint at a stabilizing housing market, potentially improving affordability for buyers.
Deep dives
Positive Spring Housing Indicators
Recent data indicates encouraging signs for the spring housing market, with purchase application data showing a 1% week-over-week growth and a significant 7% year-over-year increase. This marks a notable shift, as it includes four positive leading indicators for the first time in a long period. With pending home sales having increased by 2% on a month-to-month basis, even under elevated mortgage rates, these numbers suggest that demand is beginning to stabilize. The key takeaway is that if mortgage rates can be reduced to around 6%, there is potential for meaningful growth in home sales across the market.
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