State of the American Debt Slaves: Forbearance & Free-Money Phenomenon amid Soaring Prices of Homes & Autos by Wolf Richter • Aug 3, 2021 • 198 Comments Mass-forbearance is the best thing that ever happened to sweeping reality under the rug. But now, there’s a huge mess under the rug.
Steamy Rent Inflation in Single-Family Suburban Houses: Invitation Homes Jacks Up Rents Big Time on its 80,000 Houses by Wolf Richter • Jul 30, 2021 • 209 Comments It isn’t buying whole neighborhoods; it’s buying whole new subdivisions of built-to-rent houses.
The Most Splendid Housing Bubbles in America: July Update, Holy Moly by Wolf Richter • Jul 27, 2021 • 269 Comments Raging mania house-price inflation.
No, Rents Are Not Suddenly Spiking in San Francisco: They Fell Again in July and Are Down 27% since June 2019 by Wolf Richter • Jul 27, 2021 • 84 Comments The rental market is in turmoil after jobs and people left, and price discovery has set in. Falling rents are a market-based solution to the “Housing Crisis.”
US Home Purchases by Foreigners Plunged for 4th Year, to Decade Low. But They Bought More Expensive Homes than Americans by Wolf Richter • Jul 26, 2021 • 133 Comments Purchases by buyers from China collapsed by 84% since the peak in 2017.
Buyers’ Strike: Sales of New Houses Plunge 32% in 5 Months, Unsold Inventory Highest since 2008, Prices Drop, Construction Costs Spike by Most since 1980 by Wolf Richter • Jul 26, 2021 • 229 Comments Bottom falls out at lower end. Fed-enriched high-end buyers doing fine.
Home Sellers Are Coming Out of the Woodwork: New Listings, Unsold Inventories & Supply Rise by Wolf Richter • Jul 22, 2021 • 179 Comments Sales edge up, after sagging for months, amid Crazy Spiking Prices.
While the Fed Fiddles, the Dollar Burns: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982 by Wolf Richter • Jul 13, 2021 • 330 Comments Defying economists’ expectations for sixth month in a row, inflation heats up instead of easing off. And it’s a lot worse than it seems.
Housing Market Splits: San Francisco House Prices do Holy-Moly Spike, Condo Prices Flat for 3 Years by Wolf Richter • Jul 10, 2021 • 169 Comments Amid record surge in luxury house sales.
Americans See the Raging Mania: “Bad Time to Buy a Home” & “Good Time to Sell a Home” Sentiments Spike to WTF Record by Wolf Richter • Jul 8, 2021 • 175 Comments If these sentiments become reality, it’s going to be a sea change for demand and supply at these crazy prices.