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“March is when the spring homebuying season typically begins to ramp up and with rates at a three-and-a-half year low, it could be a barn burner of a spring homebuying season.”
This analyst is completely ignoring the macroeconomic environment (K-shaped economy) and buying into the SOTU rhetoric. Dow 50,000 is the only real positive, and people don’t generally raid 401k’s to buy new homes.
Not-rich people aren’t buying much of anything. “The wealth effect” is belied by every trip to the store or car dealer.