HousingWire Lead Analyst Logan Mohtashami appeared on CNBC‘s Squawk on the Street on Wednesday to talk about the health of the housing market, and more specifically about today’s pending home sales data. 

Mohtashami explained how demand for existing homes is still trending near 21st-century lows. As long as mortgage rates stay near 23-year highs, Mohtashami believes we will see softness in data. The recent move lower in rates is a good thing for housing

“The American public just isn’t into the Fed’s housing policy,” he said on CNBC, in details ⇒

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