02/21/2026
Kevin Leibowitz was mentioned in article this week in MONEY by Leslie Cook.
It is our opinion that the general lack of new home builds is constraining supply and will keep a floor on pricing. The number of new home starts is LESS than the 2000-2007 period leading up to the subprime crisis (https://fred.stlouisfed.org/series/HOUST) - AND, this is with a growing population and an additional 30,000,000 households formed between 2000 and now (https://fred.stlouisfed.org/series/TTLHH).
There are some short term pricing gyrations in localized markets where there is new housing stock built by the large homebuilders. These home builders have some excess inventory to work through.
Grayton Mortgage, Inc. is locking / closing purchases with 30 year fixed mortgages below 6% which are at / near 3 year lows. We anticipate that the lower rates will lead to a strong spring market. This, too, will keep a floor on housing prices.
It would take more than short term policy moves to tank the housing market.
The president has said he doesn't want to "make it too easy and too cheap to buy houses."
