Most Splendid Housing Bubbles in America, Nov. Update: From 2022 Highs, San Francisco -11%, Seattle -10%, Las Vegas -6%, Phoenix -6%, Portland -5%, Denver -5%, Dallas -5%, San Diego… by Wolf Richter • Nov 28, 2023 • 224 Comments 20-City index below 2022 high, 9 metros below 2022 highs, 10 metros set new highs. The unsavory “National” index cocktail in the headlines gets shredded.
Prices of New Houses Drop Further, -18% Year-over-Year, Sales Drop, High Inventories Rise Further, Supply Jumps by Wolf Richter • Nov 27, 2023 • 225 Comments Mortgage-rate buydowns, “smaller product footprints,” and “de-amenitizing” to bring down payments: D.R. Horton.
Home Sales Collapse, Prices Drop Further, Supply Jumps. People Are Finally on Buyers’ Strike by Wolf Richter • Nov 21, 2023 • 156 Comments Supply is coming back, demand is not. Prices are still way too high.
Surging “Mortgage Demand” and “Declining Spending,” Really? Let’s Have a Look at Reality by Wolf Richter • Nov 15, 2023 • 88 Comments Home buyers “seize a dip in rates” and rush into the housing market, LOL?
Mortgage & HELOC Balances, Delinquencies, Foreclosures: How Are our Drunken Sailors Holding Up? by Wolf Richter • Nov 7, 2023 • 101 Comments Where’s the hangover from the party?
The Most Splendid Housing Bubbles in America, October Update: 10 of the 20 Metros Down from their Peaks Last Year, 6 Metros Set New Highs by Wolf Richter • Oct 31, 2023 • 207 Comments From 2022 peaks: San Francisco -11%, Seattle -10%, Las Vegas -6%, Phoenix -6%, Portland -5%, then Denver, Dallas, San Diego, Los Angeles, Tampa.
Prices of New Houses -15% from Peak on High Inventories. Sales Held Up with Lower Prices & Massive Mortgage-Rate Buydowns by Wolf Richter • Oct 25, 2023 • 153 Comments What homebuilder PulteGroup said about mortgage-rate buydowns. Homebuilders have figured out this market, homeowners have not.
Home Prices Fall Further. Peak was June 2022. Demand Crashes, Price Cuts Jump, Supply & Days on Market Rise by Wolf Richter • Oct 19, 2023 • 228 Comments NAR, the Realtor lobbying group, demands its easy-money heroin back that the Fed has confiscated.
30-Year Treasury Yield Spikes past 5%, 30-year mortgage rates hit 8%, Mortgage Applications Plunge by Wolf Richter • Oct 18, 2023 • 231 Comments Bond Bloodbath, Housing Market in Deep-Freeze, as delusions fade.
The Most Splendid Housing Bubbles in Canada: Prices Drop Further as Sales Slow and New Listings Jump Further by Wolf Richter • Oct 14, 2023 • 162 Comments The Home Price Benchmark Index is down 14% from peak in March 2022, Toronto down 15%, after wild and woolly sucker rally over the spring.
