Amid Weak Demand for Existing Homes, Active Listings & Price Reductions Jump, Listing Prices Weaken by Wolf Richter • Mar 21, 2024 • 117 Comments “Many potential buyers are postponing their purchasing plans in hopes of securing lower rates. Consequently, lower buyer competitions exerted downward pressure on prices”: Realtor.com
The Most Splendid Housing Bubbles in America, Feb 2024 Update: 20-City Index Drops for 2nd Month from Double-Top. Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Phoenix, Las Vegas, Dallas, San Diego by Wolf Richter • Feb 27, 2024 • 166 Comments These double-tops are weird. Prices coming off the second top. Only Miami home prices hit new high.
Prices of New Houses v. Prices of Existing Houses: Why Sales of New Houses Hang in there as Sales of Existing Houses Plunge by Wolf Richter • Feb 26, 2024 • 134 Comments Price Cuts and mortgage-rate buydowns, though costly for homebuilders, make new houses more attractive.
This Housing Market is Still Frozen by Wolf Richter • Feb 22, 2024 • 173 Comments Median price of existing homes dropped further, high was June 2022, demand collapsed, active listings highest in 4 years, days on market rise.
Mortgage Rates Rise Back to 7%, Housing Market Re-Freezes, Buyers’ Strike Continues. Prices Are Just Too High by Wolf Richter • Feb 21, 2024 • 203 Comments Inflation might not go back into the bottle voluntarily, and these mortgage rates – considered low in 1970-2000 – might stick around.
Here Come the HELOCs: Mortgage Balances, Delinquencies, and Foreclosures by Wolf Richter • Feb 7, 2024 • 102 Comments When will it get messy for our Drunken Sailors? Not now.
The Most Splendid Housing Bubbles in America, January 2024 Update. Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Las Vegas, even San Diego by Wolf Richter • Jan 30, 2024 • 150 Comments The 20-City Index dips off a beautiful double-top. Some metros saw new highs.
Prices of New Houses Drop to 2-Year Low by Wolf Richter • Jan 25, 2024 • 99 Comments Homebuilders do what it takes to sell homes in this market while sales of existing homes have collapsed.
Did the $5-Billion Acquisition of Homebuilder MDC Holdings by Japan’s Sekisui House Mark the Top for Homebuilder Stocks after the Rate-Cut-Mania Rally? by Wolf Richter • Jan 24, 2024 • 29 Comments With uncanny precision?
D.R. Horton Sheds Some Light on the Massive Costs of Mortgage Rate Buydowns as a Hedge Went Awry. Stock Tanks by Wolf Richter • Jan 24, 2024 • 86 Comments The plunge in mortgage rates in Nov and Dec blew up the hedge for the rate buydowns: surprise cost on top of the regular costs of buydowns.
