By Tian Liu | HousingWire
April 21, 2016 Tian Liu 1 Comment
Seasonality plays an important role in the housing market. Home buying and selling activities swell during the spring and summer months of the year, and trail off during the fall and winter.
The concept of seasonality is not well understood or appreciated today.
In this post, we look at the non-seasonally adjusted numbers for existing home sales and mortgage applications to help you understand seasonality in the housing industry. Historically, the ramp up in housing activity early in the year provides important clues about the rest of the year.