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.
Median Home Price Does Classic Head-Fake as Home Sales Plunge and Condo Sales Collapse by Wolf Richter • May 21, 2020 • 152 Comments Turmoil in the housing market and its impact on the “median price.”
“Pent-up Supply” is Building up in the Housing Market: Example of San Francisco Bay Area’s North Bay by Wolf Richter • May 11, 2020 • 113 Comments “The next big shoe to drop will be when appraisers call a declining market in early August.”
Mortgage Forbearance Balloons, Home Sales Plunge by Wolf Richter • Apr 29, 2020 • 155 Comments In addition to logistical difficulties of selling a home in the era of social distancing, there is the explosion of a historic unemployment crisis.
Housing Market under COVID-19: Regular Folks Retreat, Foreign Investors Blocked, Large US Investors Gone, iBuyers Frozen by Wolf Richter • Apr 22, 2020 • 176 Comments Demand is a lot weaker in some places than in others. Here are the 20 cities with the largest drops.
How Will Covid-19 Lockdowns Hit the Housing Market? It Gets a Little Clearer by Wolf Richter • Apr 16, 2020 • 167 Comments “In May, what market? I don’t see no market”: Realtor.
Going to be Tougher for Lots of People to Even Get a Mortgage. Expensive Housing Markets Most Affected by Wolf Richter • Apr 12, 2020 • 205 Comments Availability of Jumbo Mortgages Plunges.
“Mortgage Forbearance” is Suddenly Hot, Hits Shadow Banks, which Clamor for Bailout from Taxpayers and the Fed by Wolf Richter • Apr 10, 2020 • 234 Comments “The mortgage market has more risk than previously acknowledged.”
