The Most Splendid Housing Bubbles in America: December Update on House Price Inflation Gone Wild by Wolf Richter • Dec 29, 2020 • 211 Comments The dollar lost purchasing power with regards to houses at the fastest rate in six years.
What an Ugly Year for Manhattan Luxury Condos & Co-ops, But the Market Came Unglued in 2016 by Wolf Richter • Dec 25, 2020 • 172 Comments “It was more drama than any market could withstand as Manhattan sellers started slashing prices.”
Housing Market Goes Crazy, Everyone Sees It Can’t Last, and then the First Dip Appears by Wolf Richter • Dec 22, 2020 • 235 Comments There is already a sudden and historic housing glut in San Francisco.
Who Holds the $1.65 Trillion of Apartment Building Debt amid Eviction Bans and Plunging Occupancy Rates at High Rises? by Wolf Richter • Dec 18, 2020 • 186 Comments You guessed it: For over half of it, taxpayers are on the hook. Time to take a look.
Occupancy Plunges to 70% at San Francisco Luxury Apartment Towers across from Twitter Headquarters: a Broad Phenomenon by Wolf Richter • Dec 10, 2020 • 122 Comments While landlords are muttering, “And this too shall pass.”
How Many Renters Face Eviction when the Eviction Bans End? How Much Worse is it, Compared to the Good Times? by Wolf Richter • Dec 8, 2020 • 149 Comments Rent collection data from 11.5 million rental apartments.
Manhattan Luxury Condos See Demand, But at Much Lower Prices with Big Losses for Sellers by Wolf Richter • Dec 7, 2020 • 60 Comments Seller lost $12 million, or 35%, on a condo at One57, on Billionaires Row, adding to the list of big money losers in the condo tower.
“Exodus” in Full Swing: November Rents Swoon in San Francisco, New York, Boston, Los Angeles… But Skyrocket in Other Cities by Wolf Richter • Dec 2, 2020 • 126 Comments San Francisco rents plunged by stunning 27% in 18 months. But in 5 big cities, rents jumped by 20%+. But in some of the cheapest cities, rents dropped.
Vacancy Rate at Iconic Manhattan Tower with 899 Apartments Hits 26%: This Shows How Fast & Massive the Exodus Has Been by Wolf Richter • Nov 30, 2020 • 130 Comments Then there’s the “single-asset” commercial mortgage-backed security (CMBS) backed only by the mortgage of this tower.
The Most Splendid Housing Bubbles in America: Nov. Update by Wolf Richter • Nov 24, 2020 • 268 Comments A pandemic of house price inflation.