The Most Splendid Housing Bubbles in America, November Update: Deflating Everywhere, Fastest in San Francisco & Seattle. Phoenix & Dallas Roll Over Too by Wolf Richter • Nov 29, 2022 • 216 Comments In several markets, prices plunged even faster than they’d spiked.
Massive Cancellations Make Mess of Already Low New-House Sales. Inventory Glut at Deep Housing Bust 1 Level. Buyer Traffic Plunges by Wolf Richter • Nov 23, 2022 • 145 Comments Another thing: inflation. Just when you thought the construction-cost spike was abating, it hit a new record.
Investor Purchases of Single-Family Houses Plunged 32% in Q3, Plummeting the Most in “Pandemic Boomtowns” by Wolf Richter • Nov 22, 2022 • 132 Comments “The prospect of substantial home-price declines puts them at risk of losing money.”
The Most Splendid Housing Bubbles in Canada, November Update: Fastest 5-Month Plunge on Record by Wolf Richter • Nov 19, 2022 • 99 Comments Down faster during the bust than up during the bubble: a special feature in some cities. Vague humor wafts around the charts.
Home Sales Plunge, Investors Pull Back Too, Prices Drop 8.4% in 4 Months, Active Listings & Price Cuts Rise Further by Wolf Richter • Nov 18, 2022 • 170 Comments Sellers are struggling with denial: Priced “right,” a home will sell, but “right” is where the buyers are, and they’re a lot lower.
Single-Family Construction Starts Plunge as Homebuilders Drown in Inventory. But Multifamily Construction at 36-Year High by Wolf Richter • Nov 17, 2022 • 122 Comments Housing construction has split in two.
Shares of AI-Powered Home-Flipper Disruptor-SPAC Opendoor Get Annihilated by Wolf Richter • Nov 8, 2022 • 89 Comments Another big investor that pulls back from the housing market: it’s now a net-seller.
The Housing Bubble Popped, and the Fed Can Let it Rip by Wolf Richter • Nov 5, 2022 • 293 Comments Raging inflation knocked out the “Fed put,” and banks are no longer on the hook for mortgages; taxpayers and investors are.
THE WOLF STREET REPORT: Housing Bubble Pops, and the Fed Can Let it Rip by Wolf Richter • Oct 30, 2022 • 222 Comments Raging inflation knocked out the “Fed put,” and banks are no longer on the hook for mortgages; taxpayers and investors are.
The Most Splendid Housing Bubbles in America: Biggest Price Drops since Housing Bust 1. Record Plunge in Seattle (-3.9%), Near-Record in San Francisco (-4.3%) & Denver. Drops Spread Across the US by Wolf Richter • Oct 25, 2022 • 210 Comments Big drops in San Diego, Los Angeles, Dallas, Portland, Phoenix, Boston. Prices going down faster than they’d spiked? No way. Oops.
