A Few of Our Favorite Things - 2023-08-23
Date:
Thursday, August 24, 2023
Summary:
The headlines have been all about a catastrophic pullback in housing. Uh... not. The TrendMacro Housing Value Aggregate is still above the pre-pandemic level and the pre-pandemic trend for both new and existing homes. This isn't the boom in the immediate aftermath of the re-opening from lockdowns, but this is a very healthy market by any measure -- all the more so given the penalty of high mortgage rates.