Housing

Here Come the Vacant Homes: New Listings Jump when they Normally Drop in September, Active Listings Pile up, Listing Prices Drop below 2 Years Ago. Buyers on Strike, Prices too High

by Wolf Richter • Oct 3, 2024 • 84 Comments

Sellers coming out of the closet with their vacant homes. Active listings exploded the most in San Diego (+77%).

Here Comes the Inventory of New Spec Houses, Highest since 2009. Sales Jump, Builders Take Share from Homeowners

by Wolf Richter • Sep 25, 2024 • 111 Comments

This buildup of completed single-family houses is a factor in resolving the price dislocations of the overall housing market.

Demand for Existing Homes Wilts, Supply Spikes to Highest for any August since 2018, Prices Dip, Despite Mortgage Rates that Have Plunged for 10 Months

by Wolf Richter • Sep 19, 2024 • 149 Comments

Because prices are still way too high. So the Buyers’ Strike continues.

Fannie Mae Gets Gloomier about Home Sales, Buyers’ Strike to Continue Despite Dropping Mortgage Rates & Surging Listings

by Wolf Richter • Sep 18, 2024 • 115 Comments

As buyers wait for lower prices, even lower mortgage rates, and higher wages. Mortgage rates already dropped to 6.15% from 7.9%, but that didn’t help at all.

The Most Splendid Housing Bubbles in America: Price Declines Spread to 25 Metros of Top 28, with 19 Below 2022 Peaks. 3 Set New Highs

by Wolf Richter • Sep 12, 2024 • 182 Comments

Biggest declines: San Francisco, San Jose, Austin, Denver, San Diego, Seattle, Dallas, Salt Lake City, Honolulu, Phoenix, Portland, Houston, Los Angeles, Nashville, Charlotte, Tampa

Buyers’ Strike Deepened in August Despite Lower Mortgage Rates. Listings Surge, Home Sellers Slowly Drop Prices

by Wolf Richter • Sep 5, 2024 • 105 Comments

Listing prices, YoY: Miami -11.7%, San Diego -9.1%, Kansas City -8.5%, San Francisco -7.7%, Austin -7.6%. Active listings explode in Tampa, San Diego, Miami, Seattle…

Why We’ll Replace the Case-Shiller Home Price Index for Our Series, “The Most Splendid Housing Bubbles in America”

by Wolf Richter • Sep 2, 2024 • 99 Comments

The series, started in 2017 to document visually the surging home prices amid the Fed’s interest rate repression, will now get bigger and better.

Buyers’ Strike Deepens: Pending Home Sales Drop to Record Low Despite Surging Supply & Much Lower Mortgage Rates that Already Price in Massive Rate Cuts

by Wolf Richter • Aug 29, 2024 • 131 Comments

“A sales recovery did not occur in midsummer”: NAR. Because prices are way too high, doesn’t take a genius to figure that out.

The Most Splendid Housing Bubbles in America, Aug 2024 Update: Prices Decelerate. Below 2022 Peak: San Francisco, Phoenix, Seattle, Portland, Denver, Dallas, Las Vegas

by Wolf Richter • Aug 27, 2024 • 106 Comments

New Highs: Miami, Los Angeles, San Diego, Boston, New York, Miami, Tampa, Washington DC, Chicago.

Inventory of New Completed Houses Surges to Highest since 2009, Triple from 2 Years Ago, Exactly What’s Needed to Bring Down Prices across the Housing Market

by Wolf Richter • Aug 23, 2024 • 106 Comments

Sales of new houses jumped, fueled by lower prices, big incentives, and mortgage-rate buydowns. Homebuilders are taking share from homeowners.

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