This Week's Housing Data Just Did Something It has Not Done In Years

Housing analyst Logan Mohtashami at HousingWire dropped data this week that cuts against every doom headline — weekly pending home sales, new listings, and total inventory all rose simultaneously, which he called a "hat trick" and HousingWire described as "clearly an outperforming week." The bigger story: this isn't the front end of a slowdown — it's the back end of a recovery, driven by existing homeowners finally re-entering the market as the mortgage lock-in effect cracks, not by new construction. Purchase applications were up 21% year-over-year even as rates hit a near four-week high, showing buyer demand is showing up despite headwinds. For sellers, pricing discipline is everything right now — market-priced homes will move, aspirationally-priced ones will sit. Buyers who've been waiting for a crash need to hear this: the bottom already happened quietly, and the negotiating window that's open right now won't stay open once inventory tightens in the second half of the year.

HousingWire says the housing slowdown is already behind us. What do you think?

A) 📈 Agree — the data backs it up

B) 🤔 Not convinced yet

C) 📍 Depends on the local market

D) ⏳ Still waiting to see more data

5 votes

5:50

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