California Housing Market Pukes: As Sales Collapse (San Diego County -41%), Prices Begin to Swoon by Wolf Richter • Aug 19, 2022 • 267 Comments San Francisco & Silicon Valley lead. Southern California catching up. In Los Angeles, prices fell in July from June for the first since Adam and Eve.
“Housing Recession”: Sales Plunge to Lockdown Levels, Active Listings Surge, Prices Begin to Dip as Price Reductions Spike, Investors Pull Back by Wolf Richter • Aug 18, 2022 • 196 Comments Buyers moseyed away from sky-high prices but are still there, just a lot lower, while many sellers hang on to illusions.
My Vacant Lot in San Diego County by Steve Green • Aug 18, 2022 • 89 Comments The property became a headache, rather than a place where you can build your dreams. My problem isn’t unique.
Boom & Bust Cycles: Construction Starts of Single-Family Houses v. Multifamily Buildings by Wolf Richter • Aug 16, 2022 • 53 Comments Starts: Single-family houses: -18.8% year-over-year; larger multifamily buildings: +15.9%. Here are the long-term trends.
Compass Prepares for 25% Downturn in Housing Market, Plans Serious Cost Cutting, Pukes All Over the Place by Wolf Richter • Aug 15, 2022 • 117 Comments Because suddenly the SoftBank-backed company, which blew $1.73 billion since 2017, is running out of runway.
“Housing Recession”: NAHB. Homebuilders Cut Prices as Traffic of Prospective New-House Buyers Plunges, Cancellations Spike by Wolf Richter • Aug 15, 2022 • 141 Comments Homebuilder sentiment dives 8th month in a row, their stocks are down 19% to 36% YTD despite blistering summer rally.
House Prices in San Francisco & Bay Area Experience Steep Declines from April Peak Craziness, Down Year-over-Year by Wolf Richter • Aug 11, 2022 • 91 Comments Sales volume plunged 38%.
Housing Bubble Getting Ready to Pop: The Big Boys Leave, Waiting for Reset by Wolf Richter • Aug 11, 2022 • 216 Comments Biggest investors in single-family houses: “We need to be patient and allow the market to reset.”
THE WOLF STREET REPORT: Housing Bubble Getting Ready to Pop – The Big Boys Leave, Waiting for Reset by Wolf Richter • Aug 7, 2022 • 226 Comments Biggest investors in single-family houses: “We need to be patient and allow the market to reset.”
Trip Back to Reality Starts: Mortgages, HELOCs, Delinquencies, and Foreclosures in Q2 by Wolf Richter • Aug 4, 2022 • 103 Comments Forbearance and pandemic cash run out. But a lot of fun was had by all.
