House Prices in San Francisco & Bay Area Experience Steep Declines from April Peak Craziness, Down Year-over-Year by Wolf Richter • Aug 11, 2022 • 83 Comments Sales volume plunged 38%.
Housing Bubble Getting Ready to Pop: The Big Boys Leave, Waiting for Reset by Wolf Richter • Aug 11, 2022 • 209 Comments Biggest investors in single-family houses: “We need to be patient and allow the market to reset.”
THE WOLF STREET REPORT: Housing Bubble Getting Ready to Pop – The Big Boys Leave, Waiting for Reset by Wolf Richter • Aug 7, 2022 • 225 Comments Biggest investors in single-family houses: “We need to be patient and allow the market to reset.”
Trip Back to Reality Starts: Mortgages, HELOCs, Delinquencies, and Foreclosures in Q2 by Wolf Richter • Aug 4, 2022 • 103 Comments Forbearance and pandemic cash run out. But a lot of fun was had by all.
The Most Splendid Housing Bubbles in America, July Update: Whittling Down the Crazy Price Spikes by Wolf Richter • Jul 26, 2022 • 110 Comments First Signs the juice is coming out, with several months lag.
Prices of New Houses Plunge, Sales Crater to Lockdown Level, Inventories Pile Up to Highest since 2008 by Wolf Richter • Jul 26, 2022 • 260 Comments No folks, there is no “housing shortage.” There’s over 9 months’ supply, highest since the Housing Bust. But prices are still way too high.
Vacant New Condo Tower in San Francisco: Tentacles of China’s Collapsing Property Developers Reach Deep into US Cities by Wolf Richter • Jul 25, 2022 • 174 Comments As the condo market is going south on you, you can always try to sell the tower to an investor to convert to rental apartments. But that’s tough too.
Housing Bubble Woes: Sales of Homes Below $500K Plunge, Total Sales Drop to Lowest since Lockdown, Supply Jumps by Wolf Richter • Jul 20, 2022 • 204 Comments The magic of ridiculously inflated home prices meeting holy-moly mortgage rates.
San Francisco Bay Area, Southern California Home Sales Crater, Prices Begin to Drop. California Pending Sales Collapse 40% by Wolf Richter • Jul 19, 2022 • 198 Comments The first year-over-year price declines crop up as the crazy California housing market “normalizes” amid holy-moly mortgage rates.
Housing Bubble Getting Ready to Pop: Traffic of Prospective Buyers of New Houses Plunges, Homebuilders Cut Prices, Sentiment Dives by Wolf Richter • Jul 18, 2022 • 266 Comments Homebuilder stocks have been wobbling lower all year, now down between 24% and 40%.
