Prices of New Houses v. Existing Houses: Why New-House Sales Held Up as Existing-House Sales Plunged by Wolf Richter • Apr 23, 2024 • 83 Comments Here’s why: New house prices -18% from peak, back to Nov 2021, further sweetened by mortgage-rate buydowns.
Home Sales Clobbered by Mortgage Rates. New Listings & Active Listings Surge. Most Price Reductions for any March in Years by Wolf Richter • Apr 18, 2024 • 159 Comments Price reductions of existing homes jump to 31.7% of active listings, highest since 2017.
Mortgage Rates over 7% and Heading Higher, Housing Market Still Frozen, Lots of Buyers on Strike as Prices Still Too High by Wolf Richter • Apr 17, 2024 • 180 Comments All that makes sense, but why are there still any cash-out refis when people could take cash out via HELOCs, without losing a 3% mortgage?
The Biggest Landlords of Single-Family Rental Houses and Multifamily Apartments: Who Owns the US Housing Stock? by Wolf Richter • Apr 9, 2024 • 170 Comments 80% of single-family rentals are mom-and-pop; mega-landlords own just 3%. But mega-landlords dominate multifamily rentals.
The Most Splendid Housing Bubbles in America, March 2024 Update: Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Phoenix, Dallas, Las Vegas by Wolf Richter • Mar 26, 2024 • 159 Comments 20-City Index drops for 3rd month in a row, forms Double Top. Only Washington DC sets new all-time high.
Prices of New Houses -19% from Peak, Lowest since June 2021. Why Sales of New Houses Held Up, while Sales of Existing Houses Plunged by Wolf Richter • Mar 25, 2024 • 109 Comments Prices of New Houses v. Existing Houses: Price cuts and mortgage-rate buydowns make new houses more attractive.
Amid Weak Demand for Existing Homes, Active Listings & Price Reductions Jump, Listing Prices Weaken by Wolf Richter • Mar 21, 2024 • 117 Comments “Many potential buyers are postponing their purchasing plans in hopes of securing lower rates. Consequently, lower buyer competitions exerted downward pressure on prices”: Realtor.com
The Most Splendid Housing Bubbles in America, Feb 2024 Update: 20-City Index Drops for 2nd Month from Double-Top. Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Phoenix, Las Vegas, Dallas, San Diego by Wolf Richter • Feb 27, 2024 • 166 Comments These double-tops are weird. Prices coming off the second top. Only Miami home prices hit new high.
Prices of New Houses v. Prices of Existing Houses: Why Sales of New Houses Hang in there as Sales of Existing Houses Plunge by Wolf Richter • Feb 26, 2024 • 134 Comments Price Cuts and mortgage-rate buydowns, though costly for homebuilders, make new houses more attractive.
This Housing Market is Still Frozen by Wolf Richter • Feb 22, 2024 • 173 Comments Median price of existing homes dropped further, high was June 2022, demand collapsed, active listings highest in 4 years, days on market rise.
