The V-shaped housing recovery is complete

Today’s Daily Download episode features an interview with housing data analyst and expert Logan Mohtashami. In this episode, Mohtashami not only provides unique insight into the latest housing numbers, but he shares the information in a way that leaders are able to understand. Mohtashami also discusses the biggest trends he is following in housing market data, along with what listeners can expect from housing for the rest of the year. And with the latest purchase application data now out from the Mortgage Bankers Association, he digs into how the housing market has officially experienced a V-shaped housing recovery.  

When asked what trends he is following right now and why, Mohtashami responded saying, “The first and the most important thing is that the United States housing market just had a legitimate V-shaped housing recovery, and we see that in the purchase application data.”

“If you actually follow housing data, the year-over-year data for purchase applications matters more than anything because it gives you the trend. It doesn’t exactly give you a percentage of sales measure, but it gives you the trend,” Mohtashami said. “After today, we can legitimately say that the United States of America’s V-shaped recovery in housing is complete.” 

The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd.

HousingWire articles covered in this episode:

• The Good, the Bad and the Ugly of the housing market 5 months into the pandemic
• Purchase apps fall for the first time in 10 weeks