How long will housing demand hold up with higher rates?
Summary
Host Sarah Willow and analyst Logan Motoshami discuss how elevated mortgage rates above 6.64% are slowing housing demand growth. They analyze recent tracker data, noting that while purchase applications remain positive, year-over-year growth is fading due to harder comps. The episode also covers stable inventory levels, the limited impact of mortgage spreads, and how geopolitical conflicts and tariffs are influencing Federal Reserve policy expectations.
Topics discussed
Intro and top 5 trending housing articles
Geopolitical conflicts, oil prices, and Fed week context
Housing demand analysis: purchase apps and pending sales
Seasonality, affordability, and the 6.64% rate threshold
Mortgage spreads outlook and credit market risks
Inventory trends and the myth of the mortgage rate lockdown
Home price forecasts and price reduction data
Sponsor message: Estate Agent Growth
Current market stability and slowing growth rates
Logan compared to historical chart maker William Playfair
Fed meeting preview, tariffs, and closing remarks
Outro and call to action
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