Monthly payment of a 50-year mortgage of $500,000 would be only $91 lower than of a 30-year mortgage, but homeowners would get crushed by nearly $1 million in interest.

Pending home sales and applications for mortgages to purchase a home are near historic lows, and lower mortgage rates have not stimulated demand.

September marks third year in a row of sales wobbling along crushed levels.

Waiting for even lower mortgage rates comes on top of all the big issues that crush demand in the housing market.

The Condo Bust is spreading, after the most extraordinary Condo Bubble maybe ever.

Oakland, Austin, Cape Coral, New Orleans, San Francisco, Birmingham, Fort Myers, Washington DC, Sarasota, Denver, Hayward, Portland, Phoenix, Naples, St. Petersburg.

Prices fell YoY in 22: Tampa, Austin, Miami, San Diego, Los Angeles, San Jose, San Francisco, Dallas, San Antonio, Houston, Phoenix, Orlando, Atlanta, Denver, Raleigh, Seattle… Rose in Chicago, Boston, New York, Philadelphia…