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This Housing Bubble is Cooked: Mortgage Applications Plunge amid Holy-Moly Mortgage Rates, Croaking Stocks, Ridiculous Home Prices

This Housing Bubble is Cooked: Mortgage Applications Plunge amid Holy-Moly Mortgage Rates, Croaking Stocks, Ridiculous Home Prices

This Housing Bubble is Cooked: Mortgage Applications Plunge amid Holy-Moly Mortgage Rates, Croaking Stocks, Ridiculous Home Prices
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This Housing Bubble is Cooked: Mortgage Applications Plunge amid Holy-Moly Mortgage Rates, Croaking ...
This Housing Bubble is Cooked: Mortgage Applications Plunge amid Holy-Moly Mortgage Rates, Croaking ...
This Housing Bubble is Cooked: Mortgage Applications Plunge amid Holy-Moly Mortgage Rates, Croaking ...
This Housing Bubble is Cooked: Mortgage Applications Plunge amid Holy-Moly Mortgage Rates, Croaking ...
wolfstreet wolfstreet | 1 year ago
“Recent stock market volatility” catches some of the blame.
“Recent stock market volatility” catches some of the blame.
Housing Bubble Getting Ready to Pop: Pending Sales Plunge in June, Inventory Jumps, Price Reductions...
Housing Bubble Getting Ready to Pop: Pending Sales Plunge in June, Inventory Jumps, Price Reductions...
Housing Bubble Getting Ready to Pop: Pending Sales Plunge in June, Inventory Jumps, Price Reductions...
Housing Bubble Getting Ready to Pop: Pending Sales Plunge in June, Inventory Jumps, Price Reductions...
wolfstreet wolfstreet | 1 year ago
Pent-up supply suddenly shows up – those vacant homes that no one was counting as vacant. By Wolf Richter for WOLF STREET. For the last two years, the story was that there’s no inventory for sale, that there was a housing shortage, and that’s why prices were skyrocketing. Then there were other folks like me that pointed out over and over again that people weren’t putting their old homes on the market after they’d bought a new home, and that these people now owned two or three homes...
Pent-up supply suddenly shows up – those vacant homes that no one was counting as vacant. By Wolf Richter for WOLF STREET. For the last two years, the story was that there’s no inventory for sale, that there was a housing shortage, and that’s why prices were skyrocketing. Then there were other folks like me that pointed out over and over again that people weren’t putting their old homes on the market after they’d bought a new home, and that these people now owned two or three homes...
Housing Bubble Woes: Home Builders Cut Prices, Pile on Incentives, amid Plunging Traffic of Buyers, ...
Housing Bubble Woes: Home Builders Cut Prices, Pile on Incentives, amid Plunging Traffic of Buyers, ...
Housing Bubble Woes: Home Builders Cut Prices, Pile on Incentives, amid Plunging Traffic of Buyers, ...
Housing Bubble Woes: Home Builders Cut Prices, Pile on Incentives, amid Plunging Traffic of Buyers, ...
wolfstreet wolfstreet | 1 year ago
To prop up sales, 24% of home builders cut prices, others tried mortgage-rate buydowns or other incentives.   By Wolf Richter for WOLF STREET. “Buyer traffic is weak in many markets as more consumers remain on the sidelines due to high mortgage rates and home prices that are putting a new home purchase out of financial reach for many households,” according to the National Association of Home Builders this morning regarding its survey of home builders. Incentives: “In another indicator ...
To prop up sales, 24% of home builders cut prices, others tried mortgage-rate buydowns or other incentives.   By Wolf Richter for WOLF STREET. “Buyer traffic is weak in many markets as more consumers remain on the sidelines due to high mortgage rates and home prices that are putting a new home purchase out of financial reach for many households,” according to the National Association of Home Builders this morning regarding its survey of home builders. Incentives: “In another indicator ...
Housing Bubble Woes: Supply Jumps, Sales Drop, Median Price Skewed Higher by Shift in Mix as Bottom ...
Housing Bubble Woes: Supply Jumps, Sales Drop, Median Price Skewed Higher by Shift in Mix as Bottom ...
Housing Bubble Woes: Supply Jumps, Sales Drop, Median Price Skewed Higher by Shift in Mix as Bottom ...
Housing Bubble Woes: Supply Jumps, Sales Drop, Median Price Skewed Higher by Shift in Mix as Bottom ...
wolfstreet wolfstreet | 1 year ago
California special: Pending sales collapse by 30%, prices begin to “moderate,” San Francisco condo prices decline year-over-year. By Wolf Richter for WOLF STREET. Sales that closed in May of previously-owned single-family houses, condos, co-ops, and townhouses fell by 3.4% from April, based on the seasonally adjusted annual rate of sales, and by 8.6% from a year ago, the National Association of Realtors reported today. Sales of single-family houses alone dropped by 7.7% year-over-year. Sa...
California special: Pending sales collapse by 30%, prices begin to “moderate,” San Francisco condo prices decline year-over-year. By Wolf Richter for WOLF STREET. Sales that closed in May of previously-owned single-family houses, condos, co-ops, and townhouses fell by 3.4% from April, based on the seasonally adjusted annual rate of sales, and by 8.6% from a year ago, the National Association of Realtors reported today. Sales of single-family houses alone dropped by 7.7% year-over-year. Sa...
Mortgage applications continue fall amid 5% rate
Mortgage applications continue fall amid 5% rate
Mortgage applications continue fall amid 5% rate
Mortgage applications continue fall amid 5% rate
housingwire housingwire | 2 years ago
Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark.  The post Mortgage applications continue fall amid 5% rate appeared first on HousingWire.
Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark.  The post Mortgage applications continue fall amid 5% rate appeared first on HousingWire.
Mortgage applications plunge as interest rates surge
Mortgage applications plunge as interest rates surge
Mortgage applications plunge as interest rates surge
Mortgage applications plunge as interest rates surge
cnbc cnbc | 2 years ago
CNBC's Diana Olick joins 'Squawk Box' to break down how rising mortgage interest rates are impacting mortgage applications, particularly refinancing demand.
CNBC's Diana Olick joins 'Squawk Box' to break down how rising mortgage interest rates are impacting mortgage applications, particularly refinancing demand.
Mortgage applications fall amid low inventory, rising rates
Mortgage applications fall amid low inventory, rising rates
Mortgage applications fall amid low inventory, rising rates
Mortgage applications fall amid low inventory, rising rates
housingwire housingwire | 2 years ago
According to the MBA, refi applications fell 10% from the prior week and 62% from a year ago. Meanwhile, the seasonally adjusted purchase index decreased 3.4% from the prior week and was down 9% year-over-year. The post Mortgage applications fall amid low inventory, rising rates appeared first on HousingWire.
According to the MBA, refi applications fell 10% from the prior week and 62% from a year ago. Meanwhile, the seasonally adjusted purchase index decreased 3.4% from the prior week and was down 9% year-over-year. The post Mortgage applications fall amid low inventory, rising rates appeared first on HousingWire.
The Most Splendid Housing Bubbles in America, May Update: Mania at the Eve of Holy-Moly Mortgage Rat...
The Most Splendid Housing Bubbles in America, May Update: Mania at the Eve of Holy-Moly Mortgage Rat...
The Most Splendid Housing Bubbles in America, May Update: Mania at the Eve of Holy-Moly Mortgage Rat...
The Most Splendid Housing Bubbles in America, May Update: Mania at the Eve of Holy-Moly Mortgage Rat...
wolfstreet wolfstreet | 1 year ago
Purchased in a panic when mortgage rates averaged 3.2% to 4.2%, just before the majestic spike. By Wolf Richter for WOLF STREET. The home price data released today by the S&P CoreLogic Home Price Index represents the three-month average of closed home sales that were entered into public records in January, February, and March, reflecting deals that were agreed to a few weeks earlier, roughly in December, January, and February, funded with mortgages that were pre-approved before then, and had ...
Purchased in a panic when mortgage rates averaged 3.2% to 4.2%, just before the majestic spike. By Wolf Richter for WOLF STREET. The home price data released today by the S&P CoreLogic Home Price Index represents the three-month average of closed home sales that were entered into public records in January, February, and March, reflecting deals that were agreed to a few weeks earlier, roughly in December, January, and February, funded with mortgages that were pre-approved before then, and had ...
2007 vs 2022 Housing Market – Is this the Next Housing Bubble?
2007 vs 2022 Housing Market – Is this the Next Housing Bubble?
2007 vs 2022 Housing Market – Is this the Next Housing Bubble?
2007 vs 2022 Housing Market – Is this the Next Housing Bubble?
fastexpert fastexpert | 1 year ago
April 2007. It seems like a lifetime ago to me. It was the month that I began my real estate career. It was also the month that was the end of the housing boom and began a decade-long housing crisis that spurred the “Great Recession”. How did we get to the housing crisis in 2007? Will we see a housing market crash in 2022? There were many things that lead to the housing crisis in the early 2000s. Some of those things we see today but many we don’t. Let’s review what happened then and wha...
April 2007. It seems like a lifetime ago to me. It was the month that I began my real estate career. It was also the month that was the end of the housing boom and began a decade-long housing crisis that spurred the “Great Recession”. How did we get to the housing crisis in 2007? Will we see a housing market crash in 2022? There were many things that lead to the housing crisis in the early 2000s. Some of those things we see today but many we don’t. Let’s review what happened then and wha...
Why This Housing Market Is Not a Bubble Ready To Pop
Why This Housing Market Is Not a Bubble Ready To Pop
Why This Housing Market Is Not a Bubble Ready To Pop
Why This Housing Market Is Not a Bubble Ready To Pop
keepingcurrentmatters keepingcurrentmatter... | 1 year ago
Homeownership has become a major element in achieving the American Dream.
Homeownership has become a major element in achieving the American Dream.