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Is the savagely unhealthy housing market back?

Housing Wire

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. housing market inventory channels have changed due to how the U.S.

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Is the housing market really 20% overbuilt?

Housing Wire

Nevertheless, some supposedly erudite thinkers on the housing market are saying this, so I thought I should investigate. If the housing market was in the grips of some mass hysteria of irrational purchasing, we would expect to see certain hallmarks in the data. The post Is the housing market really 20% overbuilt?

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This is not 2008 all over again for the housing market

Housing Wire

When you hear people say that the current housing market is like 2008 all over again, you may want to remind them of the huge differences between this market and that one. The previous economic expansion, from 2010-2019, wasn’t a housing bubble. Because of this I am calling this the unhealthiest housing market post-2010.

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The housing market is now savagely unhealthy

Housing Wire

To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 million ; this is still historically low, but this gives the housing market a breather from the madness that we see today. Housing is the cost of shelter to own the debt; it’s not an investment.

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Lower mortgage rates are stabilizing the housing market

Housing Wire

As you can see from the chart above, the last several years have not had the FOMO (fear of missing out) housing credit boom we saw from 2002-2005. What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. Mortgage rates went from a low of 2.5%

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The 2022 housing market: A tale of two halves

Housing Wire

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? over asking price. High octane stuff.

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How home-price growth has damaged the housing market

Housing Wire

This data line lags the current housing market as it’s a few months old. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. million, the housing market can be sane again, even though those levels were the historically low levels of inventory going back to 1982.