What Happened in the Housing Market – Reckoning

What Happened to the Housing Market

Housing Market Intro and Summary What happened in the housing market in October, 2024? A reckoning that I anticipated finally came in the form of sharply lower prices for the shares of home builders. After resisting rising mortgage rates for a month, the stock market lost its appetite. Earnings have brought a dose of reality … Read more

What Happened In the Housing Market – A Rate Cut Rally Stalls, Sentiment Bottoms

What Happened to the Housing Market

Housing Market Intro and Summary What happened in the housing market in September, 2024? Existing home sales fell into a deeper downturn while new home sales maintained an uptrend from recent troughs. Rate cuts are helping to bottom out sentiment for builders. However, great anticipation of a rate cut from the Federal Reserve gave way … Read more

What Happened in the Housing Market – Sales Stabilize, Stocks Sharply Rebound

What Happened to the Housing Market

Housing Market Intro and Summary What happened in the housing market in August, 2024? Financial markets quickly threw out a major downgrade from Citigroup for the housing sector. Hopes for rate cuts from the Federal Reserve continued to impact both the data and stock prices. While the on-going decline in mortgage rates has failed to … Read more

What Happened In the Housing Market – Looking Forward to Rate Cuts

What Happened to the Housing Market

Housing Market Intro and Summary What happened in the housing market in July, 2024? July started with a major downgrade from Citigroup for the housing sector. The downgrade at the time confirmed the implications of a bust for the spring selling season. My lamentations about the bust seemed confirmed by further deterioration in the housing … Read more

Realtors Rebound Despite Housing’s Supply Shortage

I heard this tweet referenced twice in the financial media: the first time unsourced and the second time sourced. I must assume that the bizarre data points of the U.S. housing market from Glenn Kelman, Redfin’s CEO, went viral. Redfin’s commentary and observations on the housing market are typically astute and insightful, but this particular … Read more