US House Prices to Drop 6.6% by May 2021, First Annual Decline since Jan. 2012: CoreLogic, Owner of the Case-Shiller Index by Wolf Richter • Jul 7, 2020 • 176 Comments And this, after years of being unwaveringly bullish in its housing market predictions.
Massive Shifts Underway, Rental Market Reacts in Near-Real Time: Rents Plunge in San Francisco & Oil Patch, Drop in Expensive Cities. But Long List of Double-Digit Gainers by Wolf Richter • Jul 1, 2020 • 106 Comments Rents in San Francisco are still crazy-overpriced.
There Sure’s a Lot of Brain-Dead Misreporting About the Case-Shiller Home Price Index this Morning by Wolf Richter • Jun 30, 2020 • 131 Comments No, it’s not yet a reflection of home prices during the Pandemic. Be patient. Reporters or spaghetti-code algos should have read the methodology before misleading their readers.
Pending Home Sales Bounce Off Brutal Low, Still -11% from February, -5% from May Last Year by Wolf Richter • Jun 29, 2020 • 131 Comments The market is facing a historic mess.
Sales of New Houses Rose Off Multi-Year Low, as Sales of Existing Houses & Especially Condos Plunged. What Gives? by Wolf Richter • Jun 23, 2020 • 72 Comments If the pandemic changed where Americans want to live – dense urban centers or suburbs – it will be one of the most far-reaching developments.
Home Sales Plunged Most since 2008, Condos -41%. First-Ever April-May Price Drop in Normally Red-Hot Spring Selling Season by Wolf Richter • Jun 22, 2020 • 172 Comments First signs of a very slow-moving mess.
From Ice-Cold to Hot: Daily Pending Home Sales in May so Far, 15 Cities Around the US by Wolf Richter • May 30, 2020 • 130 Comments A near-real-time roller-coaster of home sales during the pandemic via charts.
No, Homes Did Not Sell Like Hotcakes: “Pending Home Sales” Plunged 34% in April, a Preview of “Closed Sales” in May by Wolf Richter • May 28, 2020 • 180 Comments The housing market faces ferocious headwinds.
Despite Record-Low Mortgage Rates, New House Prices Drop to Lowest April since 2015, Sales to Lowest April since 2017 by Wolf Richter • May 26, 2020 • 166 Comments More than plenty of supply: 6.3 Months’ unsold inventory of speculative houses.
Catastrophic Plunge in Jobs & Labor Force in Los Angeles, San Francisco/Silicon Valley Smacks into Housing Bubbles by Wolf Richter • May 22, 2020 • 284 Comments Holy cow, Los Angeles. The economy is gradually opening up. But the exodus has started hard and heavy. And the influx has stopped.
