Logan Mohtashami talks forbearance and rising mortgage rates
This week, HousingWire’s Editor In Chief Sarah Wheeler and Lead Analyst Logan Mohtashami launch season 7 of the Housing News podcast.
In this episode, Mohtashami touches on numerous housing topics, including the rise in forbearance exits, why he believes Jerome Powell has been successful as chairman of the Federal Reserve and whether homebuyer demand will continue to increase despite inventory shortages.
Here is a small preview of the interview, which has been lightly edited for length and clarity:
Sarah Wheeler: One of the hallmarks of your work is demographics. You talk about this huge way of demand that is going to happen between 2020 and 2024. Why is that the big wave?
Logan Mohtashami: I just believe that years 2020 to 2024 have the best housing demographics. You have the biggest younger patch of homebuyers running into the first-time homebuyer age. You also have move up and moved down buyers, cash buyers, and investors. If you put them all together, you should be able to get 6.2 million total home sales; new and existing every year from 2020 to 2024. This never happened from 2008 to 2019. The only thing that could change is if home prices accelerate too much, which will make that number come down. If or when rates rise, it could become too problematic for home price growth to cool off.
The Housing News podcast explores the most important topics happening in mortgage, real estate, and fintech. Each week a new mortgage or real estate executive joins the show to add perspective to the top stories crossing HousingWire’s news desk. Hosted by Sarah Wheeler and produced by Alcynna Lloyd.