A near-real-time roller-coaster of home sales during the pandemic via charts.
The housing market faces ferocious headwinds.
More than plenty of supply: 6.3 Months’ unsold inventory of speculative houses.
Holy cow, Los Angeles. The economy is gradually opening up. But the exodus has started hard and heavy. And the influx has stopped.
Turmoil in the housing market and its impact on the “median price.”
“The next big shoe to drop will be when appraisers call a declining market in early August.”
In addition to logistical difficulties of selling a home in the era of social distancing, there is the explosion of a historic unemployment crisis.
Demand is a lot weaker in some places than in others. Here are the 20 cities with the largest drops.
“In May, what market? I don’t see no market”: Realtor.
Availability of Jumbo Mortgages Plunges.