A Housing Reality Check with Sales In Recession – The Housing Market Review

reality check (credit aldrea on Flickr)

Housing Market Intro and Summary A potential peaking in mortgage rates may be the only good thing to say about today’s housing market. Sales continue to slide, input costs remain high, affordability continues to decline, and builder sentiment sinks lower and lower. The reports from August tell a consistent story of a steepening housing downturn. … Read more

The NAHB Finally Declares That the Housing Market Is Slowing

The National Association of Home Builders (NAHB) was just about as bearish on the housing market as it allows itself to get. In its latest press release on the NAHB/Wells Fargo Housing Market Index (HMI), the NAHB declared “…the housing market is now slowing.” The HMI plunged from 77 to 69 in a sign that … Read more