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Existing home sales are working from a historic low bar

Housing Wire

We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. in December to a seasonally adjusted annual rate of 3.78 From NAR : Existing-home sales waned 1.0% Sales faded 6.2% from the previous year.

Sales 427
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Why higher rates aren’t crashing home prices

Housing Wire

Home prices aren’t crashing, despite what the housing bubble boys are saying. The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. Well, it’s June 9, 2023, and home prices have been firm month to month, not showing anything that resembles the housing bubble crash years.

Mortgages 545