This buildup of completed single-family houses is a factor in resolving the price dislocations of the overall housing market. By Wolf Richter for WOLF STREET. Inventory of new completed houses jumped by 46% year-over-year, and by over 200% […]
Sales of new houses jumped, fueled by lower prices, big incentives, and mortgage-rate buydowns. Homebuilders are taking share from homeowners. By Wolf Richter for WOLF STREET. Inventory of new completed houses jumped to 99,000 houses in July, the […]
Powell to Congress: Higher rates are “the absolute best thing we can do for the housing market…” – “…particularly for younger people who are not yet in the housing market.” By Wolf Richter for WOLF STREET. However we […]
The median price of existing homes dropped further, high was June 2022, demand remains collapsed, active listings highest in 4 years, days on the market rise. By Wolf Richter for WOLF STREET. The national median price of existing homes […]
Inflation might not go back into the bottle voluntarily, and these mortgage rates – considered low in 1970-2000 – might stick around. By Wolf Richter for WOLF STREET. The average conforming 30-year fixed mortgage rate rose to 7.0% […]
A positive chart pattern named such because it resembles the outline of a coffee cup with a handle. The pattern can last from seven weeks to as long as a year, but most are three […]
Authored by Alex Pollock via The Mises Institute, The 21st century, only 23 years old, has already had two giant, international housing bubbles. It makes one doubt that we are getting any smarter with experience… […]
According to new data from Realtor.com, home prices are being lowered, homes are taking longer to sell than a year ago, and now home buyers have five houses from which to choose, compared to four […]
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