The Housing market September 2015: a good example of leading and lagging trends

This happens to be a good time to restate the sequence in which housing data runs:


  • 1st, interest rates turn
  • 2nd, home sales turn
  • 3rd, home prices turn
  • 4th, inventory turns


The reason this is a good time to examine the timing is because mortgage rates made a 50 year low in late 2012.  Then in mid 2013 we had the “taper tantrum” which caused rates to rise close to 2%.  Then rates settled down roughly in the middle.


Tags:, ,