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.
Mortgage Volume Gets Crushed by Spiking Interest Rates: What it Means for Future Home Sales and Consumer Spending by Wolf Richter • Apr 27, 2022 • 350 Comments The boom is over. And there are broader effects.
The Most Splendid Housing Bubbles in America, April Update: Raging Mania on the Eve of the Spike in Mortgage Rates by Wolf Richter • Apr 26, 2022 • 148 Comments At the time rate locks were issued for those deals, mortgage rates were still around 3.2%.
Sales of New Houses Sag, Inventory Piles Up to Highest since 2008, as Mortgage Rates Spike. Homebuilder Costs Explode amid Shortages of All Kinds by Wolf Richter • Apr 26, 2022 • 141 Comments Builders have abandoned the market below $300,000.
As Mortgage Rates Begin to Bite, Home Sales Fall to Lowest since June 2020, Supply Rises for Second Month by Wolf Richter • Apr 20, 2022 • 108 Comments But wait… Haven’t seen anything yet. Impact of today’s holy-moly mortgage rates won’t show up in the sales data for a couple of months. Here’s why.
Treasury Bond Massacre, Mortgage Rates Hit 5.35%, Highest since 2009, and it’s Only April by Wolf Richter • Apr 19, 2022 • 157 Comments But future bond buyers get the higher yields.
A “Housing Shortage” amid a Building Boom that Outruns Household Growth? by Wolf Richter • Apr 19, 2022 • 194 Comments Something Has to Give.
