Housing

Mortgage Rates Dropped a Lot but Clearly Not to the Magic Level. Buyers’ Strike Continues. Issue Is Price

by Wolf Richter • Dec 28, 2023 • 182 Comments

A similar drop in mortgage rates a year ago to even lower rates didn’t turn up sales volume either – on the contrary.

The Most Splendid Housing Bubbles in America, December 2023 Update

by Wolf Richter • Dec 26, 2023 • 219 Comments

Down from 2022 highs: San Francisco -12%, Seattle -11%, Portland -6%; Denver, Phoenix, Las Vegas -5%; Dallas -4%, San Diego -2%, Los Angeles -1%. But new highs in 8 metros.

Here Come the New Listings of Existing Homes, Prices Drop Further, Demand Remains at Collapsed Levels

by Wolf Richter • Dec 20, 2023 • 155 Comments

Active listings rise to highest in over three years.

Residential Construction Gains Steam, Single-Family Starts Jump, Highest since Spring 2022, Multi-Family Rises from Ashes

by Wolf Richter • Dec 19, 2023 • 88 Comments

Homebuilders and developers adjusted to new reality of higher rates, growth back on track, for single-family since February, for multifamily since August.

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.