Home Sales Whacked by Mortgage Rates. Active Listings & Price Reductions Jump to Highest in Years. But Sales of High-End Homes Surge by Wolf Richter • May 22, 2024 • 107 Comments This surge in sales of high-end homes changed the mix and thereby skewed the median price.
How Home Purchases and Rentals Are Key to Bringing Down Inflation: Fed Vice Chair Jefferson Explains by Wolf Richter • May 20, 2024 • 307 Comments Fascinating: “Prices that families pay” when they buy homes “can affect their overall well-being.”
Here Come the HELOCs in Household Debt: Mortgages, Delinquencies, and Foreclosures by Wolf Richter • May 15, 2024 • 116 Comments If residential mortgages get messy, banks are largely off the hook this time.
Funny How Wall Street Tries so Hard to Get Homeowners to Pay Interest & Fees on their Own Money by Wolf Richter • May 12, 2024 • 174 Comments Second-lien mortgages to the rescue of the battered mortgage industry.
The Most Splendid Housing Bubbles in America amid the Now-Fizzled Rate-Cut Mania & Erstwhile Plunge in Mortgage Rates by Wolf Richter • Apr 30, 2024 • 145 Comments Rate-Cut Mania died, mortgage rates re-jumped to 7.5% today, but here’s what home prices did during Rate-Cut Mania.
Biggest Landlords Pile into “Build-to-Rent” Single-Family Houses, but Sell Older Houses into this Overpriced Market by Wolf Richter • Apr 24, 2024 • 100 Comments American Homes 4 Rent and Invitation Homes sold over 3,000 older single-family houses in 2023.
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.
