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Logan Mohtashami Profile picture
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28 Apr, 4 tweets, 1 min read
Unhealthy Housing Market 😎
bloomberg.com/news/audio/202…?
On another note, we don't have home buyer that can go from $5 to $120 πŸ˜‰ , More like $5 to $6-$7 % wise
That is why we don't have a bubble this time because we don't have a credit bubble. The speculation demand would need to come from cash buyers. housingwire.com/articles/this-…

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More from @LoganMohtashami

Logan Mohtashami Profile picture
30 Apr
πŸ”₯ advisorperspectives.com/dshort/updates… Image
Image
Image
Read 4 tweets
Logan Mohtashami Profile picture
29 Apr
Years 2020-2024 was just going to be different than years 2008 -2019
No credit speculation, no exotic loan debt structure, no booming mortgage demand, it's not a bubble folks, it's just Americans wanting somewhere to live housingwire.com/articles/this-…
Which means price growth should slow down loganmohtashami.com/2021/04/14/hom…
Read 4 tweets
Logan Mohtashami Profile picture
29 Apr
πŸ‡ΊπŸ‡ΈπŸ’ͺπŸ½πŸ“ˆπŸ”₯ 😎
If you believed in the 2020 recovery on April 7, 2020. Then this was the best buying opportunity we will ever get in history. πŸ‡ΊπŸ‡ΈπŸ’ͺπŸ½πŸ“ˆπŸ”₯ Image
Read 5 tweets
Logan Mohtashami Profile picture
28 Apr
For now!
Rates 🀜🏽over βœ‚οΈLumber
housingwire.com/articles/tug-o…
Your first clue when it matters is that the 3MA monthly supply is consistently over 4.3 months. Not the case because of rates over lumber for now.
Read 5 tweets
Logan Mohtashami Profile picture
28 Apr
Pricing out a generation of home buyers thesis has been used since 1996 a lot, and home sales rarely go below 4,000,000.
However, even just over 4%, higher rates will cool down the markets just like they did in the past. The same thing happened in 2013/2014 & 2018/2019. Healthy!
The days of saying the Fed needs to aggressively hike rates to create a buying oppurnutiy for stocks from investors who are mostly long is coming to an end. President Trump showed us all the true colors of a lot of conservatives πŸ˜‰πŸ˜Ž Feel the Market, Baby!
Conservatives saying, look, there is no inflation was hilarious. Why are you hiking? Because Trump was President was classic Fintwit. Just be mindful of this.
Read 5 tweets
Logan Mohtashami Profile picture
28 Apr
#RealEstateNews #IgnoreAllYearOverYearData
Purchase Application Data up 34% year over year 😏
The Last 4 weeks
+34%
+57%
+57%
+51%
In reality, not much growth is happening, and don't forget this data will mostly be negative year over year in the 2nd half of 2021. Image
The makeup demand in the 2nd half of 2020 will create negative year-over-year data. Existing home sales finally moderating from that parabolic move last year. Still looking for some prints under 5,840,000, but in general, we should be up from last year's 5,640,000 level. Image
Again, not a very healthy housing market, as I expressed on Bloomberg recently. bloomberg.com/news/audio/202…
Read 4 tweets

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