February 15, 2026

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The Signal – February 15, 2026

February 15, 2026 No Comments

https://youtu.be/ZXWXfuypMDQ?si=DAc918Qze0L4OGQrNAR’s chief economist called it a “new housing crisis” this week. January home sales dropped 8.4% — the biggest monthly decline in four years. And honestly? The number is bad. But there’s a difference between a crisis and a problem that’s been building for three years finally showing up in the data. In this week’s

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Nothing Broke This Week. The Market Has Been Broken for Three Years.

February 15, 2026 No Comments

Nothing Broke This Week. The Market Has Been Broken for Three Years. The “new housing crisis” framing that came out of this week’s sales data is wrong. Not because the numbers are good. They’re not. January existing home sales dropped 8.4% to a 3.91M annualized rate, the slowest pace since December 2023. That’s a real

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