The Current State of the Housing Market: Insights from HousingWire Lead Analyst

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Housing Market,Housing Affordability,Labor Market

HousingWire Lead Analyst Logan Mohtashami discusses the impact of the labor market on housing affordability and the potential effects of climate change on the housing market. Despite challenges, Mohtashami sees a positive outlook for the housing inventory in 2024.

HousingWire Lead Analyst Logan Mohtashami joins Yahoo Finance to provide insights on the current state of the housing market.

Mohtashami emphasizes that housing affordability"depends on the labor market." He explains that if jobless claims increase, mortgage rates will likely fall, but if not,"then we'll stay at these levels." However, he highlights the improving spreads between the 10-year report has triggered a broad market sell-off, with stock futures feeling the most pressure. Edward Jones CEO Penny Pennington joins Yahoo Finance Live to discuss market outlooks and investment strategies.

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The central bank noted that while CPI and core inflation have eased, it is looking for evidence that momentum is sustained.As the spring housing market in Canada kicks off in March, the Bank of Canada's interest rate announcement on Wednesday could provide valuable insights for prospective homebuyers who are waiting for the right moment to make a purchase. Experts predict that the central bank will exercise caution in order to avoid adding fuel to an already hot housing market.

 

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