Mortgage Rates over 7% and Heading Higher, Housing Market Still Frozen, Lots of Buyers on Strike as Prices Still Too High
Wolf Street » Housing
by Wolf Richter
19h ago
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 ..read more
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The Biggest Landlords of Single-Family Rental Houses and Multifamily Apartments: Who Owns the US Housing Stock?
Wolf Street » Housing
by Wolf Richter
1w ago
80% of single-family rentals are mom-and-pop; mega-landlords own just 3%. But mega-landlords dominate multifamily rentals ..read more
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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
Wolf Street » Housing
by Wolf Richter
2w ago
20-City Index drops for 3rd month in a row, forms Double Top.  Only Washington DC sets new all-time high ..read more
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Prices of New Houses -19% from Peak, Lowest since June 2021. Why Sales of New Houses Held Up, while Sales of Existing Houses Plunged
Wolf Street » Housing
by Wolf Richter
3w ago
Prices of New Houses v. Existing Houses: Price cuts and mortgage-rate buydowns make new houses more attractive ..read more
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Amid Weak Demand for Existing Homes, Active Listings & Price Reductions Jump, Listing Prices Weaken
Wolf Street » Housing
by Wolf Richter
1M ago
“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 ..read more
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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
Wolf Street » Housing
by Wolf Richter
1M ago
These double-tops are weird. Prices coming off the second top. Only Miami home prices hit new high ..read more
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Prices of New Houses v. Prices of Existing Houses: Why Sales of New Houses Hang in there as Sales of Existing Houses Plunge
Wolf Street » Housing
by Wolf Richter
1M ago
Price Cuts and mortgage-rate buydowns, though costly for homebuilders, make new houses more attractive ..read more
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This Housing Market is Still Frozen
Wolf Street » Housing
by Wolf Richter
2M ago
Median price of existing homes dropped further, high was June 2022, demand collapsed, active listings highest in 4 years, days on market rise ..read more
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Mortgage Rates Rise Back to 7%, Housing Market Re-Freezes, Buyers’ Strike Continues. Prices Are Just Too High
Wolf Street » Housing
by Wolf Richter
2M ago
Inflation might not go back into the bottle voluntarily, and these mortgage rates – considered low in 1970-2000 – might stick around ..read more
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Here Come the HELOCs: Mortgage Balances, Delinquencies, and Foreclosures
Wolf Street » Housing
by Wolf Richter
2M ago
When will it get messy for our Drunken Sailors? Not now ..read more
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