monthly

Housing bubble woes: House prices fall 3.5%, the biggest monthly drop since January 2016. Sales, already at foreclosure levels, fall further.  Active registrations are still growing

Housing bubble woes: House prices fall 3.5%, the biggest monthly drop since January 2016. Sales, already at foreclosure levels, fall further. Active registrations are still growing

But those sell-offs took place during the “Fed pivot” fantasy that drove mortgage rates down to 5%. Today, mortgage rates are around 6.5%. By Wolf Richter for WOLF STREET. In July and through mid-August, mortgage rates fell from the 6% range in mid-June, on the widely propagated fantasy of a Fed “pivot” on rate hikes. …

Housing bubble woes: House prices fall 3.5%, the biggest monthly drop since January 2016. Sales, already at foreclosure levels, fall further. Active registrations are still growing Read More »

Home prices in the United States are experiencing the largest monthly decline in 11 years.  Here's what it means for homeowner wealth

Home prices in the United States are experiencing the largest monthly decline in 11 years. Here’s what it means for homeowner wealth

After two years of meteoric price growth, the US housing market has reached a tipping point. Home price growth has been slowing for months now as the U.S. market cools from the pandemic frenzy. But in July, that turned into a real decline, with the median house price falling 0.77% from June – the biggest …

Home prices in the United States are experiencing the largest monthly decline in 11 years. Here’s what it means for homeowner wealth Read More »