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The Most Splendid Housing Bubbles in America, March Update: Just Before the Great Spike in Mortgage Rates

The Most Splendid Housing Bubbles in America, March Update: Just Before the Great Spike in Mortgage Rates

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The Most Splendid Housing Bubbles in America, March Update: Just Before the Great Spike in Mortgage ...
The Most Splendid Housing Bubbles in America, March Update: Just Before the Great Spike in Mortgage ...
The Most Splendid Housing Bubbles in America, March Update: Just Before the Great Spike in Mortgage ...
The Most Splendid Housing Bubbles in America, March Update: Just Before the Great Spike in Mortgage ...
wolfstreet wolfstreet | 2 years ago
Raging mania to lock in mortgage rates when they were still at 3.2%. But now they’re near 5%.
Raging mania to lock in mortgage rates when they were still at 3.2%. But now they’re near 5%.
The Most Splendid Housing Bubbles in America, July Update: Whittling Down the Crazy Price Spikes
The Most Splendid Housing Bubbles in America, July Update: Whittling Down the Crazy Price Spikes
The Most Splendid Housing Bubbles in America, July Update: Whittling Down the Crazy Price Spikes
The Most Splendid Housing Bubbles in America, July Update: Whittling Down the Crazy Price Spikes
wolfstreet wolfstreet | 1 year ago
First signs the juice is coming out, with several months lag. By Wolf Richter for WOLF STREET. Signs are now everywhere that the crazy housing market is turning the corner. Earlier today the Census Bureau reported some chilling data on new house sales and prices, which plunged in June, as inventory surged to the highest since 2008. The National Association of Realtors reported last week that existing home sales in June also plunged, even as inventories jumped. The trio of national housing rep...
First signs the juice is coming out, with several months lag. By Wolf Richter for WOLF STREET. Signs are now everywhere that the crazy housing market is turning the corner. Earlier today the Census Bureau reported some chilling data on new house sales and prices, which plunged in June, as inventory surged to the highest since 2008. The National Association of Realtors reported last week that existing home sales in June also plunged, even as inventories jumped. The trio of national housing rep...
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 ...
The Most Splendid Housing Bubbles in America, August Update: First Price Drops Appear, All in the We...
The Most Splendid Housing Bubbles in America, August Update: First Price Drops Appear, All in the We...
The Most Splendid Housing Bubbles in America, August Update: First Price Drops Appear, All in the We...
The Most Splendid Housing Bubbles in America, August Update: First Price Drops Appear, All in the We...
wolfstreet wolfstreet | 1 year ago
The Case-Shiller index, which lags reality on the ground by 4-6 months, is starting to pick up the price drops in Seattle, San Francisco, San Diego, Los Angeles, Denver, and Portland.   By Wolf Richter for WOLF STREET. The housing market is going through some navel gazing, as many buyers evaporated at current prices and mortgage rates. They’re still out there, but they’re a lot lower, and many sellers haven’t figured that out yet, though some started cutting their asking prices but not...
The Case-Shiller index, which lags reality on the ground by 4-6 months, is starting to pick up the price drops in Seattle, San Francisco, San Diego, Los Angeles, Denver, and Portland.   By Wolf Richter for WOLF STREET. The housing market is going through some navel gazing, as many buyers evaporated at current prices and mortgage rates. They’re still out there, but they’re a lot lower, and many sellers haven’t figured that out yet, though some started cutting their asking prices but not...
The Most Splendid Housing Bubbles in America, April Update: Raging Mania on the Eve of the Spike in ...
The Most Splendid Housing Bubbles in America, April Update: Raging Mania on the Eve of the Spike in ...
The Most Splendid Housing Bubbles in America, April Update: Raging Mania on the Eve of the Spike in ...
The Most Splendid Housing Bubbles in America, April Update: Raging Mania on the Eve of the Spike in ...
wolfstreet wolfstreet | 1 year ago
At the time rate locks were issued for those deals, mortgage rates were still around 3.2%.
At the time rate locks were issued for those deals, mortgage rates were still around 3.2%.
The Most Splendid Housing Bubbles in America, June Update: “Deceleration” and “Tipping Point?...
The Most Splendid Housing Bubbles in America, June Update: “Deceleration” and “Tipping Point?...
The Most Splendid Housing Bubbles in America, June Update: “Deceleration” and “Tipping Point?...
The Most Splendid Housing Bubbles in America, June Update: “Deceleration” and “Tipping Point?...
wolfstreet wolfstreet | 1 year ago
But it still predates the 5% & 6% holy-moly mortgage rates, whose impact on prices we’ll only see in a few months. By Wolf Richter for WOLF STREET. The first “deceleration” and “signs of a tipping point” cropped up in the S&P CoreLogic Home Price Index, which was released today. But today’s data for “April” consists of the three-month average of closed home sales that were entered into public records in February, March, and April,  representing deals that were made a few wee...
But it still predates the 5% & 6% holy-moly mortgage rates, whose impact on prices we’ll only see in a few months. By Wolf Richter for WOLF STREET. The first “deceleration” and “signs of a tipping point” cropped up in the S&P CoreLogic Home Price Index, which was released today. But today’s data for “April” consists of the three-month average of closed home sales that were entered into public records in February, March, and April,  representing deals that were made a few wee...
The Most Splendid Housing Bubbles in America, Feb. Update: Raging Mania in Phoenix to Cooling Condos...
The Most Splendid Housing Bubbles in America, Feb. Update: Raging Mania in Phoenix to Cooling Condos...
The Most Splendid Housing Bubbles in America, Feb. Update: Raging Mania in Phoenix to Cooling Condos...
The Most Splendid Housing Bubbles in America, Feb. Update: Raging Mania in Phoenix to Cooling Condos...
wolfstreet wolfstreet | 2 years ago
But the deals were made when mortgage rates were still 3%, not 4% as today.
But the deals were made when mortgage rates were still 3%, not 4% as today.
The Most Splendid Housing Bubbles in America: Biggest Price Drops since Housing Bust 1. Record Plung...
The Most Splendid Housing Bubbles in America: Biggest Price Drops since Housing Bust 1. Record Plung...
The Most Splendid Housing Bubbles in America: Biggest Price Drops since Housing Bust 1. Record Plung...
The Most Splendid Housing Bubbles in America: Biggest Price Drops since Housing Bust 1. Record Plung...
wolfstreet wolfstreet | 1 year ago
Big drops in San Diego, Los Angeles, Dallas, Portland, Phoenix, Boston. Prices going down faster than they’d spiked? No way. Oops. By Wolf Richter for WOLF STREET. This is the first month in this cycle that the S&P CoreLogic Case-Shiller Home Price Index, which lags reality on the ground by 4-6 months, is showing house price declines in all the metros in the index. In Seattle, the month-to-month plunge was the steepest on record (-3.8%). In San Francisco, the month-to-month plunge (-4.3%) ...
Big drops in San Diego, Los Angeles, Dallas, Portland, Phoenix, Boston. Prices going down faster than they’d spiked? No way. Oops. By Wolf Richter for WOLF STREET. This is the first month in this cycle that the S&P CoreLogic Case-Shiller Home Price Index, which lags reality on the ground by 4-6 months, is showing house price declines in all the metros in the index. In Seattle, the month-to-month plunge was the steepest on record (-3.8%). In San Francisco, the month-to-month plunge (-4.3%) ...
The Most Splendid Housing Bubbles in America: Price Drops Spread across US. Steepest Monthly Plunges...
The Most Splendid Housing Bubbles in America: Price Drops Spread across US. Steepest Monthly Plunges...
The Most Splendid Housing Bubbles in America: Price Drops Spread across US. Steepest Monthly Plunges...
The Most Splendid Housing Bubbles in America: Price Drops Spread across US. Steepest Monthly Plunges...
wolfstreet wolfstreet | 1 year ago
The Case-Shiller index, which lags by several months, is starting to flip market by market, including in Phoenix, Dallas, Washington DC, and Boston.   By Wolf Richter for WOLF STREET. A month ago, the S&P CoreLogic Case-Shiller Home Price Index, which lags housing market reality on the ground by 4-6 months, started picking up the first month-to-month price declines, all of them in the West: the metros of Seattle, San Francisco, San Diego, Los Angeles, Denver, and Portland. Those price decl...
The Case-Shiller index, which lags by several months, is starting to flip market by market, including in Phoenix, Dallas, Washington DC, and Boston.   By Wolf Richter for WOLF STREET. A month ago, the S&P CoreLogic Case-Shiller Home Price Index, which lags housing market reality on the ground by 4-6 months, started picking up the first month-to-month price declines, all of them in the West: the metros of Seattle, San Francisco, San Diego, Los Angeles, Denver, and Portland. Those price decl...
Market Update: America Housing Report June 2022
Market Update: America Housing Report June 2022
Market Update: America Housing Report June 2022
Market Update: America Housing Report June 2022
luxuryhomes luxuryhomes | 1 year ago
Markets across the nation appear to be cooling off as the effects of rising mortgage rates on buyer affordability begin to set in, but housing remains in demand according to a recent real estate report by Redfin. Looking at the report, the average monthly mortgage rate payments on the median home price have increased 45% compared to the same time last year, from an average of $1,694 a month to $2459. As a result of a decrease in buyer affordability, the average median home price has begun to d...
Markets across the nation appear to be cooling off as the effects of rising mortgage rates on buyer affordability begin to set in, but housing remains in demand according to a recent real estate report by Redfin. Looking at the report, the average monthly mortgage rate payments on the median home price have increased 45% compared to the same time last year, from an average of $1,694 a month to $2459. As a result of a decrease in buyer affordability, the average median home price has begun to d...