Prices of New Houses -15% from Peak on High Inventories. Sales Held Up with Lower Prices & Massive Mortgage-Rate Buydowns by Wolf Richter • Oct 25, 2023 • 153 Comments What homebuilder PulteGroup said about mortgage-rate buydowns. Homebuilders have figured out this market, homeowners have not.
Home Prices Fall Further. Peak was June 2022. Demand Crashes, Price Cuts Jump, Supply & Days on Market Rise by Wolf Richter • Oct 19, 2023 • 228 Comments NAR, the Realtor lobbying group, demands its easy-money heroin back that the Fed has confiscated.
30-Year Treasury Yield Spikes past 5%, 30-year mortgage rates hit 8%, Mortgage Applications Plunge by Wolf Richter • Oct 18, 2023 • 231 Comments Bond Bloodbath, Housing Market in Deep-Freeze, as delusions fade.
The Most Splendid Housing Bubbles in Canada: Prices Drop Further as Sales Slow and New Listings Jump Further by Wolf Richter • Oct 14, 2023 • 162 Comments The Home Price Benchmark Index is down 14% from peak in March 2022, Toronto down 15%, after wild and woolly sucker rally over the spring.
The Most Splendid Housing Bubbles in America, September Update: Spring Bounce Fades. 20-City Index -0.6% from Peak in 2022, Flat Year-over-Year by Wolf Richter • Sep 26, 2023 • 153 Comments San Francisco -11% from peak, Seattle -10%, followed by Las Vegas, Phoenix, Portland, Denver, Dallas, San Diego, Los Angeles, Tampa.
Prices of New Houses Drop, Sales Drop, Supply Jumps by Wolf Richter • Sep 26, 2023 • 109 Comments Cut the price, and they will not come? Homebuilders, in a tough market, compete with homeowners who are still delusional.
Demand for Existing Homes Falters Further. Price Cuts, Days on Market, New Listings Rise. Prices Languish below 2022 Peak by Wolf Richter • Sep 21, 2023 • 194 Comments New listings rose in August, when they normally fall in August, an interesting break in the seasonal pattern.
Mortgage-Rate Buydowns by Homebuilders Are Now All the Rage to Prop Up Sales, Lowering Effective House Prices in a Big Way, but Don’t Get Picked Up by House Price Data by Wolf Richter • Sep 10, 2023 • 279 Comments Appraisers have not yet caught on to it either.
The Most Splendid Housing Bubbles in America, August Update: 4th YoY Price Drop Overall, 10 of 20 Cities with YoY Drops. Month-to-Month, Selling Season Begins to Fade by Wolf Richter • Aug 29, 2023 • 168 Comments Year-over-year price drops in San Francisco, Seattle, Las Vegas, Phoenix, Denver, Portland, Dallas, San Diego, Los Angeles, and Tampa suddenly.
Mortgage Rates Adjust to New Era, Jump to Highest since 2001. Long-Term Treasury Market Slowly Coming out of Denial by Wolf Richter • Aug 24, 2023 • 184 Comments The new era of “higher for much longer.” The 40-year bond & mortgage bull market died in late 2020.
