What homebuilder Taylor Morrison said about the costs of mortgage-rate buydowns v. actual price cuts. By Wolf Richter for WOLF STREET. Unsold inventories of new single-family houses for sale at all stages of construction in January rose by 8.3% from […]
CNBC’s climate-driven housing collapse ignores data showing no climate change-induced extreme weather or decline in property values. CNBC recently published an article claiming that climate change is threatening to cause a housing market collapse, with […]
Demand destruction because prices are too high after the 50% price explosion during the pandemic. By Wolf Richter for WOLF STREET. Demand in the resale market just keeps getting crushed after every little sign of green shoots. Sales […]
Prices are still way too high, that’s the problem in the housing market, but they’ve been dropping substantially in some cities. By Wolf Richter for WOLF STREET. Oh my, here goes the real estate industry’s dream of a […]
By Wolf Richter for WOLF STREET. Yesterday, we looked at the surge of new completed “spec” houses for sale, and at the surge of new houses for sale at all stages of construction, for the US overall. Now […]
2024 was the worst year since 1995 for sales because prices are too high after the 50% spike in 2019-2022. By Wolf Richter for WOLF STREET. The market for resale homes has started to thaw just a little […]
State of housing markets in New York, Los Angeles, San Diego, San Francisco, San Jose, Chicago, Dallas-Ft. Worth, Houston, Washington D.C., Philadelphia, Miami, Atlanta, Boston, Phoenix, Seattle, Tampa, Denver, Baltimore, Charlotte, Portland, Austin, Las Vegas, […]
Prices are still way too high, but… “Buyers are in a better position to negotiate as the market shifts away from a seller’s market”: NAR. By Wolf Richter for WOLF STREET. Pending home sales – a forward-looking indicator […]
Housing Bust 2 reverses part of the “Housing Crisis” when people with good incomes could no longer afford to live in the City. By Wolf Richter for WOLF STREET. The big decline in tech employment in San Francisco […]
Lennar shocked the market by saying it’ll address this situation with further price cuts; its average price to drop by 16% from the peak in 2022.
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