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HousingWire Daily
Logan Mohtashami on why home prices will cool down
May 23, 2024
Lead Analyst Logan Mohtashami discusses the cooling trend in existing home prices this year. Topics include the impact of seasonal trends on the housing market, mortgage rate lockdown effects on inventory, and home price trends in Florida, Texas, and Louisiana. The episode also covers mortgage refinancing trends and ends with playful banter and podcast promotion.
32:21
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Quick takeaways
- Existing home prices growth rate expected to cool down this year.
- Lower mortgage rates could lead to surge in home sales and prices, impacting housing market stability.
Deep dives
Housing Market Trends and Existing Home Sales
Logan Monashami discusses the current trends in the housing market, highlighting existing home sales and home prices. He mentions that the latest report shows a surprising rise in year-over-year price growth, contrary to some beliefs. Monashami explains that the existing home sales data lags and reflects a lower bar, indicating a cooler price growth than reported. Despite total active inventory remaining low, the positive news is the growth in new listings data, hinting at a more normal year in the real estate market.
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