Buyers’ Strike Deepened in August Despite Lower Mortgage Rates. Listings Surge, Home Sellers Slowly Drop Prices by Wolf Richter • Sep 5, 2024 • 105 Comments Listing prices, YoY: Miami -11.7%, San Diego -9.1%, Kansas City -8.5%, San Francisco -7.7%, Austin -7.6%. Active listings explode in Tampa, San Diego, Miami, Seattle…
Why We’ll Replace the Case-Shiller Home Price Index for Our Series, “The Most Splendid Housing Bubbles in America” by Wolf Richter • Sep 2, 2024 • 99 Comments The series, started in 2017 to document visually the surging home prices amid the Fed’s interest rate repression, will now get bigger and better.
Buyers’ Strike Deepens: Pending Home Sales Drop to Record Low Despite Surging Supply & Much Lower Mortgage Rates that Already Price in Massive Rate Cuts by Wolf Richter • Aug 29, 2024 • 131 Comments “A sales recovery did not occur in midsummer”: NAR. Because prices are way too high, doesn’t take a genius to figure that out.
The Most Splendid Housing Bubbles in America, Aug 2024 Update: Prices Decelerate. Below 2022 Peak: San Francisco, Phoenix, Seattle, Portland, Denver, Dallas, Las Vegas by Wolf Richter • Aug 27, 2024 • 106 Comments New Highs: Miami, Los Angeles, San Diego, Boston, New York, Miami, Tampa, Washington DC, Chicago.
Inventory of New Completed Houses Surges to Highest since 2009, Triple from 2 Years Ago, Exactly What’s Needed to Bring Down Prices across the Housing Market by Wolf Richter • Aug 23, 2024 • 106 Comments Sales of new houses jumped, fueled by lower prices, big incentives, and mortgage-rate buydowns. Homebuilders are taking share from homeowners.
Here Comes the Inventory of Vacant Homes while Buyers’ Strike Continues despite Drop in Mortgage Rates by Wolf Richter • Aug 22, 2024 • 244 Comments Active listings explode in the metros of Tampa, Orlando, San Diego, Denver, Seattle, and others.
Home Buyers’ Strike Expands even as Mortgage Rates Drop to Lowest since May 2023. Surging Refis to Speed Up the Fed’s QT by Wolf Richter • Aug 21, 2024 • 86 Comments People are waiting for rates and prices to drop, while supply keeps rising.
Plunge of Single-Family Construction Starts in July Was Huge Outlier. See Hurricane Beryl. Multifamily Jumped 45% from March Low despite CRE Depression by Wolf Richter • Aug 16, 2024 • 43 Comments What we’re worried about and what we’re not worried about.
Here Come the HELOCs: Mortgages, the Burden of Mortgage Debt, Delinquencies, and Foreclosures in Q2 by Wolf Richter • Aug 7, 2024 • 75 Comments Delinquencies mostly edged down. Foreclosures form a frying pan pattern.
The Most Splendid Housing Bubbles in America, July 2024 Update. Below 2022 Peak: San Francisco, Seattle, Phoenix, Portland, Denver, Dallas, Las Vegas. New Highs: Miami, Los Angeles, San Diego… by Wolf Richter • Jul 30, 2024 • 103 Comments New Highs: Boston, New York, Miami, Tampa, Los Angeles, San Diego, Washington DC, and Chicago.
