HousingWire Daily Existing home sales and what to expect from the Jackson Hole summit
17 snips
Aug 22, 2025 
Logan Mohtashami, Lead Analyst renowned for his housing market expertise, chats with Editor in Chief Sarah Wheeler about existing home sales that surprised with growth in July. They discuss the pressures on Fed Chair Jerome Powell as he heads to the Jackson Hole Economic Symposium and how changes in mortgage rates impact affordability. The conversation also touches on the political tensions around the Federal Reserve and potential bond market reactions to new economic indicators. Insightful and engaging, it's a must-listen for market watchers!
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AI Video And Studio Banter
- Logan mentions an AI-generated video of Sarah doing martial arts and jokes about recovering from her kick during in-person recording.
- The exchange illustrates the hosts' informal rapport and in-studio banter.
Healthy Sales Despite Higher Rates
- Existing home sales beat estimates and showed slight month-over-month growth in July, which Logan Mohtashami found healthy given current rates.
- Price growth is cooling and inventory peaked for the year, suggesting stabilization rather than a boom.
Affordability Depends On Wages And Inventory
- Affordability will improve more from wage growth, household formation, and cooler price growth than from rates falling to very low levels.
- Inventory must rise to cool price growth after an extreme seller's market pushed prices unsustainably high.