The continuing housing conundrum

Written by Michael E Dehn

Founder and CEO of Metro Pulse a continually running enterprise since May 1980.

November 4, 2023

JUST IN: Mortgage demand is now down 50% from pre-pandemic levels and at its lowest level since 1994.

From its peak in 2021, mortgage demand is down ~64%.

Current mortgage demand is ~75% below the 2005 peak.

The most incredible part of this?

Mortgage rates are still only at… pic.twitter.com/BQF9LrAe5B
— The Kobeissi Letter (@KobeissiLetter) November 4, 2023