Tracking live weekly housing data has now become feasible, allowing for real-time analysis of housing demand that enhances our understanding of housing economics.
The data reveals that when mortgage rates were high, purchase applications saw predominantly negative prints, whereas a fall in rates led to significantly more positive prints.
Presenting purchase application statistics showcases high demand levels not seen since 1995, indicating that with sustained lower mortgage rates, sales growth could significantly improve.
By harnessing this real-time data, we can provide more confidence in market discussions and predictions about future housing trends.
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