“Pent-up Supply” in San Francisco Turns into Record Glut of Houses & Condos for Sale. Prices Weaken by Wolf Richter • Aug 25, 2020 • 203 Comments Why is everyone suddenly trying to sell their home?
Mortgage Delinquencies Jump by Most Ever. 60-Day Delinquencies Hit Highest Level Ever. Record 16% of FHA Mortgages Delinquent. What a Mess by Wolf Richter • Aug 17, 2020 • 157 Comments Includes mortgages already delinquent before they were swept under the big federal rug of extend-and-pretend forbearance programs.
Alarm Bells Ring over Refinance Mortgage Boom: Why Refis Are so Risky by Wolf Richter • Aug 16, 2020 • 124 Comments Mortgage lobby throws hissy-fit over Fannie Mae’s & Freddie Mac’s new 0.5% “Adverse Market Refinance Fee,” which was a “result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty.”
Rents Swoon in San Francisco, Other Expensive Cities, TX-OK Oil Patch Y/Y. But 23 Cities with Double-Digit Rent Increases by Wolf Richter • Aug 3, 2020 • 175 Comments Large-scale shifts triggered by work-from-home, staggering unemployment crisis, and oil-and-gas bust. Rents respond in real time.
Google Extends Work-from-Home to July 2021. Other Firms to Follow. Condo, Apartment, Office Markets in Silicon Valley, San Francisco, Manhattan to Take Further Hit by Wolf Richter • Jul 27, 2020 • 105 Comments Those markets are already getting hit.
THE WOLF STREET REPORT: Nobody Knows How to Ever Get Out of This Mess by Wolf Richter • Jul 26, 2020 • 236 Comments “Extend and Pretend” forevermore?
Shift from Condos to Houses and from Big Cities to Suburbs? New House Sales Rose 6.9% fr. June Last Year, to Highest Level since July 2007 by Wolf Richter • Jul 24, 2020 • 131 Comments The evidence keeps piling up.
Home Sales Down -11% from Year Ago, Condos -23%, but Bounce off Lockdown-Lows by Wolf Richter • Jul 22, 2020 • 85 Comments More signs of a move from the cities to the suburbs? Supply of houses is tight; condos are piling up.
“Pent-up Supply” Floods San Francisco Housing Market, Most Since Housing Bust by Wolf Richter • Jul 17, 2020 • 187 Comments Sellers are suddenly coming out of the woodwork. Housing market is having a moment.
It Starts: Mortgage Delinquencies Suddenly Soar at Record Pace by Wolf Richter • Jul 14, 2020 • 249 Comments And this is just for the very beginning of the Pandemic’s impact on housing.
