Beyond Mortgage Rates: Why Home Sales Are Falling Behind Predictions

Former Global Chief Economist for JPMorgan Chase (Ph.D. in Economics) & Current BrightQuery Chief Economist

Feb 22, 2025

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Existing home sales (EHS), which account for 85.9% of all U.S. residential housing transactions, have remained below the levels predicted by a statistical model that regresses sales against mortgage rates and median home prices. While one might expect home sales to align more closely with these eco…

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