HousingWire Daily What to expect on home prices for the spring housing market
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Feb 27, 2026 Logan Motoshami, lead housing analyst who tracks inventory, pricing and mortgage trends, joins to discuss the spring market. He outlines recent inventory shifts and why price forecasts were revised. He highlights pending sales, price‑cut patterns, regional variation, and how mortgage spreads are nudging demand.
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Inventory Growth Has Moderated Significantly
- National inventory is elevated but monthly supply remains under the historical six-month 'no-fall' threshold.
- Logan's tracker shows inventory growth slowed from ~33% last year to just under 10%, implying limited downward pressure on prices.
Mortgage Spreads Drove Early Demand Improvement
- Mortgage spreads and lower interest rates shifted the demand/supply balance early this year.
- Logan credits tighter mortgage spreads (traders moving ahead of the curve) for improved demand and falling price-cut percentages.
Forward Data Shows Real Demand Is Growing
- Weekly purchase application and pending-contract data are positive year over year this year.
- Logan notes every week so far this year shows positive purchase-applications and pending sales, contradicting some press narratives.