Housing Data for Spring Home Buying Season

The lead analyst, Logan Modashami, discusses the housing data to watch for the spring home buying season. The year-over-year data on purchase applications is still negative, but overall, everything looks fine and normal. The tracker article purchase application data indicates positive trends, and new listings data is growing year over year. While the housing market is not experiencing spectacular growth, the positive trend in the past eight weeks is a good sign. However, it is important to note that this positive trend is happening from historically low levels of demand.