Stock Market Swoon Pulls Rug Out from under Luxury Home Sales by Wolf Richter • Jun 20, 2022 • 106 Comments The June sell-off did a job on them.
“Real Estate Tech” in Existential Crisis as Housing Sours, Stocks Plunge, New Money Out of Reach: Redfin & Compass Try to Survive by Cutting Staff. Opendoor, Zillow Sag by Wolf Richter • Jun 14, 2022 • 195 Comments In short, the party ran out of bamboozle.
That Was Fast: 30-Year Fixed Mortgage Rate Spikes to 6.18%, 10-Year Treasury Yield to 3.43%. Home Sellers Face New Reality by Wolf Richter • Jun 13, 2022 • 274 Comments Something has to give. And it’s going to be price.
Housing Bubble Getting Ready to Pop: Mortgage Applications to Purchase a Home Drop to Lockdown Lows, “Bad Time to Buy” Hits Record amid Sky-High Prices, Spiking Mortgage Rates by Wolf Richter • Jun 8, 2022 • 305 Comments Refinance mortgage applications collapsed to lowest since year 2000.
Suddenly Here Comes the Inventory: Homes Listed for Sale Jump amid Price Reductions and Sagging Sales by Wolf Richter • Jun 2, 2022 • 227 Comments The shadow inventory emerges with perfect timing, just as holy-moly mortgage rates and sky-high prices keep buyers away.
The Most Splendid Housing Bubbles in America, May Update: Mania at the Eve of Holy-Moly Mortgage Rates by Wolf Richter • May 31, 2022 • 282 Comments Purchased in a panic when mortgage rates averaged 3.2% to 4.2%, just before the majestic spike.
Housing Bubble Getting Ready to Pop: Unsold Inventory of New Houses Spikes by Most Ever, to Highest since 2008, with 9 Months’ Supply, Sales Collapse at Prices below $400k by Wolf Richter • May 24, 2022 • 343 Comments Stocks of homebuilders swoon amid worst inflation in construction costs, shortages, and spiking mortgage rates that take buyers out of the market.
As Supply Rises & Mortgage Rates Spike, US Home Sales Fall to Lowest since June 2020, Plunge in California’s Coastal Metros by Wolf Richter • May 19, 2022 • 116 Comments Sales at the Top are strong. Bottom falls out in rest of market. “Rising interest rates and higher home prices depressed housing demand.”
Housing Bubble Getting Ready to Pop: Mortgage Applications Plunge amid Holy-Moly Mortgage Rates, Croaking Stocks, Ridiculous Home Prices by Wolf Richter • May 18, 2022 • 263 Comments “Recent stock market volatility” catches some of the blame.
Holy-Moly Mortgage Rates Hit 5.64%, 10-Year Treasury Yield 3.12%, Long-Term Treasury Bond Fund Gets Massacred by Wolf Richter • May 7, 2022 • 306 Comments So the Fed Gets Ready to Walk Away from the Bond Market, and All Kinds of Stuff Happens.
