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The Most Splendid Housing Bubbles in America: July Update, Holy Moly


July 27, 2021 | The Most Splendid Housing Bubbles in America: July Update, Holy Moly
Wolf Richter
On his site WOLFSTREET.com, Wolf Richter slices into economic, business, and financial issues, Wall Street shenanigans, complex entanglements, debacles, and opportunities that catch his eye in the US, Canada, Europe, Japan, and China. He lives in San Francisco.
House prices spiked 16.6% from a year ago, the biggest increase in the data going back to 1987, according to the National Case-Shiller Home Price Index today, which was for the three-month moving average of deals entered into public records in March, April, and May. But in some cities, the raging housing mania produced far wilder results. The metros here are in order of the biggest house price inflation since the year 2000: ....

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Americans See The Raging Housing Mania: "Bad Time To Buy" & "Good Time To Sell" Sentiments Spike To WTF Record

Americans See The Raging Housing Mania: "Bad Time To Buy" & "Good Time To Sell" Sentiments Spike To WTF Record
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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Cut Prices and They Will Come? New House Sales Jump After Massive Drop in Prices


ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
April 23, 2021 | Cut Prices and They Will Come? New House Sales Jump After Massive Drop in Prices
Wolf Richter
On his site WOLFSTREET.com, Wolf Richter slices into economic, business, and financial issues, Wall Street shenanigans, complex entanglements, debacles, and opportunities that catch his eye in the US, Canada, Europe, Japan, and China. He lives in San Francisco.
The median price of new single-family houses sold in March fell by 4.4% from February, to $330,800, after having already dropped by 4.5% in February from January, and by 0.8% in January from December, for a combined three-month drop of 9.4%, the biggest three-month drop since 2009, which brought these house prices right back into the range where they’d been since 2017, unwinding the entire price spike that had started last September: ....

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