5+ hour, 9+ min ago   (206+ words) As the table shows, the YOY % change in Northeast median existing home prices for November was revised up by a ton, while the YOY % change in other regions was revised down slightly, resulting in a modest upward revision in the…...

1+ day, 5+ hour ago   (603+ words) From housing economist Tom Lawler: While MBS/Treasury spreads had already been narrowing for weeks as market participants had noted that the GSEs had been modestly expanding their MBS holdings over the last few months and had speculated that they…...

1+ day, 10+ hour ago   (515+ words) Note: The Census Bureau released sales for September and October this morning. We are still missing new home sales for November due to the government shutdown. The Census Bureau reports New Home Sales in October were at a seasonally adjusted…...

2+ day, 6+ hour ago   (499+ words) First, the NAR will report earlier than usual this month. The NAR is scheduled to report December existing home sales on Wednesday, Jan 14th. The consensus is for 4.23 million SAAR, up from 4.13 million. Second, inventory is always important to watch. Altos…...

1+ week, 8+ hour ago   (417+ words) Last year (2025) might have seen the lowest number of existing home sales since 1995. It will be close! Even if sales beat 2024 sales, these will be the two lowest sales years since 1995. Sales will be worse than any year during the…...

1+ week, 2+ day ago   (395+ words) Three years ago, I wrote The Housing Bubble and Mortgage Debt as a Percent of GDP. Here is an update to a couple of graphs. The bottom line remains the same: There will not be cascading price declines in this…...

1+ week, 5+ day ago   (471+ words) It has almost 20 years since the housing bubble peak, ancient history for many readers! In the October Case-Shiller house price index released Tuesday, the seasonally adjusted National Index (SA), was reported as being 78% above the bubble peak. However, in real…...

2+ week, 1+ day ago   (219+ words) Here are some graphs on outstanding mortgages by interest rate, the average mortgage interest rate, borrowers" credit scores and current loan-to-value (LTV) from the FHFA"s National Mortgage Database through Q3 2025 (released this morning). Here is some data showing the distribution…...

2+ week, 5+ day ago   (475+ words) Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2026. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I'll post thoughts on those in this newsletter (others…...

3+ week, 9+ hour ago   (424+ words) Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2026. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I'll post thoughts on those in this newsletter (others…...