The Most Splendid Housing Bubbles in Canada: Spring Selling Season in a Housing Bust by Wolf Richter • Apr 14, 2023 • 128 Comments Prices rose in March, but are down 17.5% year-over-year, the second-worst in the data. Sales -34% year-over-year.
Population Drops Even More in California, San Francisco Bay Area, Coastal Southern California. San Francisco -8% from Peak! But 19 Inland Counties Grow by Wolf Richter • Mar 30, 2023 • 170 Comments Where is demand for homes supposed to come from when the population keeps declining?
How 3% Mortgages Altered the Housing Market for Years to Come: A Lot Smaller but More in Balance than it Seems, Hence Dropping Prices Despite Low Inventories by Wolf Richter • Mar 29, 2023 • 279 Comments Lot of demand and supply gone in equal, with no net impact on inventory, but huge impact on sales, commissions, profits, and jobs.
Don’t Let the Headlines Fool You about a Tiny Month-to-Month Uptick in Pending Home Sales: Still -21% from a Year Ago, -25% from 2 & 3 Years Ago. Have a Look at the Chart by Wolf Richter • Mar 29, 2023 • 115 Comments Spring selling season volume lowest since Housing Bust 1.
The Most Splendid Housing Bubbles in America, March Update: Biggest Monthly Price Drops Now in Las Vegas, San Francisco, Seattle, Phoenix, Dallas, Denver by Wolf Richter • Mar 28, 2023 • 257 Comments Double-digit drops from peak in San Francisco Bay Area, Seattle, San Diego, Phoenix, Las Vegas.
Home Prices Drop Year-over-Year for First Time since Housing Bust 1. Sales Bounce from Deep-Dismal to just Dismal by Wolf Richter • Mar 21, 2023 • 334 Comments The spring selling season is here, folks.
The Most Splendid Housing Bubbles in Canada: March Update on the Housing Bust by Wolf Richter • Mar 17, 2023 • 209 Comments Year-over-year, home prices plunged by the most on record as the seasonal uptick in prices was far smaller than a year ago.
Recent Housing Hype & Hoopla Already Fizzled: Mortgage Applications to Purchase a Home Plunged to New 28-Year Low by Wolf Richter • Mar 1, 2023 • 143 Comments The “Pending Sales Jump” (still -24% year-over-year) was like so January. This is still a frozen housing market.
The Most Splendid Housing Bubbles in America, February Update: Biggest Price Drops Now in Phoenix, Portland, Las Vegas, San Francisco, Seattle, Denver, San Diego by Wolf Richter • Feb 28, 2023 • 229 Comments Even in Miami and Tampa, prices down for 5th month in a row.
THE WOLF STREET REPORT: Housing Bust #2 Has Begun by Wolf Richter • Feb 26, 2023 • 228 Comments Some markets are already deep into it, others just started. A sobering trip from the free-money decade in la-la-land, back to normal.
