Single-Family Construction Starts Plunge as Homebuilders Drown in Inventory. But Multifamily Construction at 36-Year High by Wolf Richter • Nov 17, 2022 • 122 Comments Housing construction has split in two.
Shares of AI-Powered Home-Flipper Disruptor-SPAC Opendoor Get Annihilated by Wolf Richter • Nov 8, 2022 • 89 Comments Another big investor that pulls back from the housing market: it’s now a net-seller.
The Housing Bubble Popped, and the Fed Can Let it Rip by Wolf Richter • Nov 5, 2022 • 293 Comments Raging inflation knocked out the “Fed put,” and banks are no longer on the hook for mortgages; taxpayers and investors are.
THE WOLF STREET REPORT: Housing Bubble Pops, and the Fed Can Let it Rip by Wolf Richter • Oct 30, 2022 • 222 Comments Raging inflation knocked out the “Fed put,” and banks are no longer on the hook for mortgages; taxpayers and investors are.
The Most Splendid Housing Bubbles in America: Biggest Price Drops since Housing Bust 1. Record Plunge in Seattle (-3.9%), Near-Record in San Francisco (-4.3%) & Denver. Drops Spread Across the US by Wolf Richter • Oct 25, 2022 • 209 Comments Big drops in San Diego, Los Angeles, Dallas, Portland, Phoenix, Boston. Prices going down faster than they’d spiked? No way. Oops.
Mortgage Bankers Predict Mortgage Rates to Drop to 5.4% by End of 2023. A Year Ago, They Forecast 4% by Now, but Now We’re at 7%. Wishful Thinking by Crushed Mortgage Lenders? by Wolf Richter • Oct 24, 2022 • 172 Comments This raging inflation will keep dishing up a lot more surprises.
Housing Bubble Woes: Home Sales Plunge, Prices Drop 7% in 3 Months, Price Reductions Surge. Mortgage Rates Spike by Wolf Richter • Oct 20, 2022 • 172 Comments Investors are also pulling back.
Boom v. Bust: Construction Starts of Multifamily Buildings v. Single-Family Houses by Wolf Richter • Oct 19, 2022 • 154 Comments And in terms of “housing shortage” or “underbuilding?” Well, we’ll just go ahead and sink that meme.
Housing Bubble Woes: Plunge in Buyer Traffic & Homebuilder Confidence a Lot Faster than During Housing Bust 1 by Wolf Richter • Oct 18, 2022 • 183 Comments Holy-moly mortgage rates of 7% slash demand for new houses due to super-inflated prices, but prices are now coming down.
Housing Bubble Woes: Mortgage Demand Plunges, Rates Near 7%, Spread Between Mortgage Rate & 10-Year Treasury Yield Blows Out Most since Dec. 2008 and 1986 by Wolf Richter • Oct 5, 2022 • 138 Comments But even these highest-since-2007 mortgage rates are still far below the highest-since-1981 inflation.
