Daily Alpha · Substack
· Premarket Alpha · by Buzzberg Research
QTR's Fringe Finance argues home-sale weakness reflects high prices rather than high rates.
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Substack - QTR’s Fringe Finance
QTR argues high prices, not rates, are the drag on home sales
The column takes the position that elevated prices, not high mortgage rates, are what is suppressing home sales.
If correct, rate relief alone will not restore housing turnover, keeping pressure on housing-linked demand.
Watch Existing- and new-home sales data as mortgage rates move.
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