Dip in Mortgage Rates Not Slowing Housing Bust 2: Mortgage Lenders Sing the Blues by Wolf Richter • Jan 11, 2023 • 241 Comments It just keeps getting worse.
The Most Splendid Housing Bubbles in America, December Update: Now Dallas, Las Vegas, Phoenix Plunge Fastest. San Francisco, Seattle, San Diego Down Most from Peak by Wolf Richter • Dec 27, 2022 • 209 Comments No dear, this is not seasonal.
The Price of Easy Money Now Coming Due by Wolf Richter • Dec 25, 2022 • 216 Comments The Crazy Stuff & Asset Prices that arose during Easy Money are coming unglued as Easy Money ended.
How Strung-Out Are Households with their Debt Service & Financial Obligations as the Miracle of Free-Money Fades? by Wolf Richter • Dec 22, 2022 • 138 Comments Looks like households have lots of fuel left to throw on inflation, if they’re in the mood.
Home Sales Melt Down Nationally to Depths of Housing Bust 1. Prices -10% in 5 Months. Cash Buyers, Investors Massively Pull Back by Wolf Richter • Dec 21, 2022 • 115 Comments The seller-buyer standoff.
San Francisco & Silicon Valley Housing Markets Puke Huge Price Drops, as Startups, Crypto, Tech, Social Media Make Total Mess by Wolf Richter • Dec 19, 2022 • 210 Comments In California overall, prices dropped year-over-year, as sales collapsed, supply more than doubled. No dear, this isn’t just a seasonal dip.
THE WOLF STREET REPORT: The Price of Easy Money Now Coming Due by Wolf Richter • Dec 18, 2022 • 188 Comments The Crazy Stuff & Asset Prices that arose during Easy Money are coming unglued as Easy Money ended.
Starting to Be Housing Bust 2 for Homebuilders & New Single-Family Houses by Wolf Richter • Dec 11, 2022 • 217 Comments To get rid of ballooning inventories amid spiking cancellations & plunging sales, builders try to sell to rental operations, but they pulled back too.
Drop in 10-Year Treasury Yield & Mortgage Rates Is Just Another Bear-Market Rally. Longer Uptrend in Yields Is Intact, with Higher Highs and Higher Lows by Wolf Richter • Dec 4, 2022 • 149 Comments “Nothing goes to heck in a straight line.” That’s how functional markets adjust to a new reality: Higher inflation, higher rates.
The Most Splendid Housing Bubbles in America, November Update: Deflating Everywhere, Fastest in San Francisco & Seattle. Phoenix & Dallas Roll Over Too by Wolf Richter • Nov 29, 2022 • 217 Comments In several markets, prices plunged even faster than they’d spiked.