Solid Spring Demand Brings A Bullish Reversal and All-Time Highs – The Housing Market Review

bullish reversal new home sales and construction (Credit: Wonderlane on Flickr)

Housing Market Intro and Summary The fresh hope from a peak in mortgage rates has expanded into an ever stronger spring selling season for the housing market. Despite double digit year-over-year declines keeping existing home sales and housing starts in recessions, new home sales have almost reversed all their losses since the Fed started hiking … Read more

Fresh Hope from A New Peak in Mortgage Rates – Housing Market Review

fresh hope (Credit: kitty.green66 on Flickr)

Housing Market Intro and Summary Real estate is local. Regional banks often sit at the heart of local communities. So it seems odd writing about the relative strength in the housing market in the wake of the Panic of 2023 that featured the historic collapse of two regional banks, Silicon Valley Bank (SIVB) and Signature … Read more

Uptrend Survives Increased Mortgage Rate Risks – Housing Market Review

survives (Credit: norfolkdistrict on Flickr)

Housing Market Intro and Summary In my last Housing Market Review, I described a housing market that shows signs of stabilization. That stabilization continues despite a strong rebound in mortgage rates. Mortgage rates now look like a renewed risk to the housing market. However, the uptrend in most of the stocks of home builders are … Read more

Signs of Stabilization Ahead of the Spring Selling Season – Housing Market Review

stabilization (Credit: Washington State Office of Transportation on Flickr)

Housing Market Intro and Summary In my last Housing Market Review, I laid out the case for bracing for what 2023 would bring even as “faint signs of a bottoming for sentiment have started to appear.” The latest housing data and industry expectations suggest that the market is well-braced for 2023. The signs of bottoming … Read more

Bracing for 2023 – Housing Market Review

bracing for 2023 (Credit: Bracing for the storm by mick62 on Flickr)

Housing Market Intro and Summary A continued respite from rising rates gave some breathing room for new home sales to stabilize in November while existing home sales continued to plunge with a dearth of inventory helping to suck air out of the room. Housing starts continued to plunge in parallel with home builder sentiment. However, … Read more

A Respite from Rising Rates – Housing Market Review

respite (Credit: Short respite for the Ruby Mountain Crew while cutting fire line in Division W by USFS Rocky Mtns from Flickr)

Housing Market Intro and Summary In my last Housing Market Review, I described how a housing recession was reflected in the worsening housing data, including the latest report on U.S. GDP. While new home sales made another surprise bounce in October, the rest of the housing data continued to worsen in the month. However, a … Read more

Ever Higher Mortgage Rates, More Market Pressures – Housing Market Review

Ever Higher Mortgage Rates, More Market Pressures (credit: House collapse by PurpleLorikeet from Flickr)

Housing Market Intro and Summary In my last Housing Market Review, I described the dynamics of a housing market trying to wait out this cycle of rising rates. Since then, ever higher mortgage rates continued their relentless and sharp uptrend. Accordingly, the pressures on the housing market simply increased further. The marks of a deepening … Read more

Waiting out the Rate Cycle – Housing Market Review

waiting out the rate cycle (Credit: waiting by max_thinks_sees on Flickr)

Housing Market Intro and Summary In my last Housing Market Review, I called the housing slowdown a “reality check.” That reality is settling into all corners of the market. With mortgage rates resuming their surge over the past two months, the go-forward picture has dimmed further for the housing market. It seems likely the housing … Read more

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

Building from the Bottom – Housing Market Review

Housing Market Intro and Summary Talk of an imminent recession has almost reached a feverish pitch. Accordingly, it is easy to find fears and expectations for an imminent housing crash. The crash watch is morbid as it relies on desperate home owners falling behind on mortgage payments and/or burdened by sinking equity to exit the … Read more