Forward Guidance · Friday, October 23, 2026
Pending home sales data released during the week showed activity dropping to some of the lowest levels in years. The hosts attributed this to a complete market freeze caused by a combination of high prices and elevated mortgage rates.
“we had this pending home sales data came out this week. That was just absolutely terrible. You know, some of the lowest levels, I think, in many, many, many years.”
“high mortgage rates, and high prices. So you just have no activity like we've seen the pending home sales data. And now we're just completely frozen.”