Housing

Prices of New Houses Drop to 2-Year Low

by Wolf Richter • Jan 25, 2024 • 99 Comments

Homebuilders do what it takes to sell homes in this market while sales of existing homes have collapsed.

Did the $5-Billion Acquisition of Homebuilder MDC Holdings by Japan’s Sekisui House Mark the Top for Homebuilder Stocks after the Rate-Cut-Mania Rally?

by Wolf Richter • Jan 24, 2024 • 29 Comments

With uncanny precision?

D.R. Horton Sheds Some Light on the Massive Costs of Mortgage Rate Buydowns as a Hedge Went Awry. Stock Tanks

by Wolf Richter • Jan 24, 2024 • 86 Comments

The plunge in mortgage rates in Nov and Dec blew up the hedge for the rate buydowns: surprise cost on top of the regular costs of buydowns.

Status of the Housing Bust in San Francisco (Lowest Price for any December since 2017 & 2019), Silicon Valley & the Bay Area

by Wolf Richter • Jan 21, 2024 • 102 Comments

In 19 months, prices in San Francisco dropped nearly as much as in the first 19 months of Housing Bust 1. Bay Area is well behind. We’re keeping score.

Amid Collapsed Demand for Existing Homes, Prices Drop Further, Supply Highest for any December since 2018, New Listings Come out of the Woodwork

by Wolf Richter • Jan 19, 2024 • 211 Comments

Housing market is frozen, people have gone on buyers’ strike, sellers are hoping that this too shall pass.

Residential Construction in 2023: Multifamily Starts Fall from 38-Year High, Single-Family Fall for 2nd Year, Both Still Higher than pre-Covid

by Wolf Richter • Jan 18, 2024 • 29 Comments

Higher interest rates bit, but builders adjusted to them.

Are Hopes of Lower Mortgage Rates Freezing Up the Market Further? Buyers’ Strike Continues

by Wolf Richter • Jan 10, 2024 • 296 Comments

Mortgage rates dropped a lot, but not nearly enough to hit the magic level that thaws out the housing market. Now they rose again.

Mortgage Rates Dropped a Lot but Clearly Not to the Magic Level. Buyers’ Strike Continues. Issue Is Price

by Wolf Richter • Dec 28, 2023 • 182 Comments

A similar drop in mortgage rates a year ago to even lower rates didn’t turn up sales volume either – on the contrary.

The Most Splendid Housing Bubbles in America, December 2023 Update

by Wolf Richter • Dec 26, 2023 • 219 Comments

Down from 2022 highs: San Francisco -12%, Seattle -11%, Portland -6%; Denver, Phoenix, Las Vegas -5%; Dallas -4%, San Diego -2%, Los Angeles -1%. But new highs in 8 metros.

Here Come the New Listings of Existing Homes, Prices Drop Further, Demand Remains at Collapsed Levels

by Wolf Richter • Dec 20, 2023 • 155 Comments

Active listings rise to highest in over three years.

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