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.
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.
