In the West, Midwest, and Northeast, sales hobbled along near record-lows. Housing demand got shot in January. Prices are way too high.

What homebuilder Taylor Morrison said about the costs of mortgage-rate buydowns v. actual price cuts.

Prices are still way too high, that’s the problem in the housing market, but they’ve been dropping substantially in some cities.

Sales of new houses in 2024 were decent, while massive demand destruction crushed sales of existing houses because prices are way too high.

2024 was the worst year since 1995 for sales because prices are too high after the 50% spike in 2019-2022.