The Housing M&A Boom Isn't A Recovery Signal— It's A Long-Term Bet On Next Cycle And There's More Ahead,

Logan Mohtashami, lead analyst at HousingWire, said the recent wave of acquisitions across the housing industry is not a signal of an imminent housing recovery but rather a long-term bet on the sector's future growth cycle.

Speaking on CNBC's Closing Bell Overtime on Tuesday, Mohtashami said consolidation is spreading across nearly every part of the housing ecosystem, including homebuilders, real estate services and mortgage companies.

"I think every part of real estate and mortgage is in play," Mohtashami said, adding that he expects more consolidation ahead.

He pointed to recent deals across the sector, including the acquisition of Redfin Corp by Rocket Companies, Inc.

(NYSE:RKT), the parent company of Rocket Mortgage, and the purchase of housing data company Zonda.