RT Joe Consorti ⚡️ (@JoeConsorti)Housing affordability is at record lows. To get back to 2019 affordability, we would need:– A 38% drop in home prices– A 60% increase in household income– A 415-bps drop in mortgage ratesHow did the housing market get this bad?[Presented by @JoinHorizon_] https://t.co/aRgHqJury7 ...

Sales of new homes have soared as buyers have taken advantage of a decline in mortgage rates and more builders offering incentives. https://t.co/IwXWKOEM37 ...

Over the summer, many of the home builders started rallying in anticipation of rate cuts from the Fed. But now the Feds start cutting and the group keeps rolling over. So what's going on here.Didn't we want rate cuts to jolt the industry out of the doldrums. Well, let's look at what happened when some of the key home builders recently reported. First, we got Lenar, the Miami based developer that's become one of the largest home builders in the country.Lenar kicked these off last Thursday when they reported ...

CNBC's Jim Cramer on Thursday reviewed recent earnings reports from major homebuilders Lennar and KB Home, expressing concern that the Federal Reserve's rate cuts won't help bring down mortgage rates."I think it's better to take a wait-and-see approach to the homebuilders, just in case we see a repeat of last fall, where the Fed started cutting and it didn't make a difference," he said. "If anything, it drove the bond market in the wrong direction and mortgage rates higher."The Fed lowered its benchmark bor ...

Housing affordability is at record lows. To get back to 2019 affordability, we would need:– A 38% drop in home prices– A 60% increase in household income– A 415-bps drop in mortgage ratesHow did the housing market get this bad?[Presented by @JoinHorizon_] https://t.co/aRgHqJury7 ...

If you’ve been saving for a down payment for a house over the past few years, you may have noticed that the goal posts seem to be moving. You’re not imagining things: America’s housing market is supercharged, with prices reaching historic heights. According to Zillow, in June 2025 America’s housing market hit a record value of $55.1 trillion, with a staggering $20-trillion (57%) increase since 2020 [1]. Must Read The gains in 2025 have slowed from the breakneck pace seen between 2020 and 2022, however, ...

Welcome back to Squawk on the Street. Real estate one of the worst performing sectors on the year behind just health care and consumer staples. All underperformers.Home wielders across the board remain in correction territory which means they're 10% or more from their 52- week highs. Lenar is the worst of the group. And then watch KB Home shares today reducing fullear sales guidance due to lower prices.The company COO saying on the call they're not seeing the uptick in demand they'd expect given the recent ...

Mortgage rates in the US rose, shifting direction after a steady string of declines https://t.co/xUZRcLY1ty ...

Sales of existing homes dipped in August, after high prices kept sales in check despite easing mortgage rates https://t.co/pd7lhO7y0I ...

Um, you guys, you mentioned housing. There's an interesting wrinkle in existing today. Let's get to Diana Olick.Hey, Diana. >> Hey, Carl. I guess the wrinkle is that the uh AP has broken the embargo for 10:00.So, we'll just go ahead with the numbers right now. Existing home sales were essentially flat in August at a seasonally adjusted annualized rate of 4 million units. That's down 0.2% from July, up 1.8% from August of last year.Now, the street was looking for a slightly bigger drop of 1 and a.5%. Sales w ...