Mortgage Rates Rise Back to 7%, Housing Market Re-Freezes, Buyers’ Strike Continues. Prices Are Just Too High by Wolf Richter • Feb 21, 2024 • 203 Comments Inflation might not go back into the bottle voluntarily, and these mortgage rates – considered low in 1970-2000 – might stick around.
Here Come the HELOCs: Mortgage Balances, Delinquencies, and Foreclosures by Wolf Richter • Feb 7, 2024 • 102 Comments When will it get messy for our Drunken Sailors? Not now.
The Most Splendid Housing Bubbles in America, January 2024 Update. Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Las Vegas, even San Diego by Wolf Richter • Jan 30, 2024 • 150 Comments The 20-City Index dips off a beautiful double-top. Some metros saw new highs.
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.
