Monthly Archives: July 2025

The Most Splendid Housing Bubbles in Canada, June 2025: Single-Family & Condo Prices Plunge to Multi-Year Lows in Toronto, Hit Record High in Montreal

by Wolf Richter • Jul 15, 2025 • 1 Comment

And everything in between: Vancouver, Victoria, Calgary, Ottawa, Halifax, Edmonton, Quebec City, Winnipeg.

Fed’s Nightmare: CPI Inflation in Services Reheats (not tariffed), while Inflation in Durable Goods, Apparel & Footwear (tariffed) Remains Cool

by Wolf Richter • Jul 15, 2025 • 113 Comments

While pundits looked with their magnifying glasses for tariffs in consumer goods prices, it was in services, which are not tariffed, where inflation took off again. Shocker? No

Homes for Sale Also Surge in Washington D.C., Boston, New York, Philadelphia, Chicago, and Detroit, but Are Still Very Low

by Wolf Richter • Jul 14, 2025 • 20 Comments

They’re among the stragglers, behind other big markets whose inventories have shot up to at least decade-highs.

30-Year Treasury Yield Jumps to 4.96% despite “Solid” Auction, Long End of Yield Curve Steepens, Mortgage-Rate Spread Historically Wide

by Wolf Richter • Jul 12, 2025 • 169 Comments

The bond market’s reaction to the inflationary environment, to fears of a lax Fed, and to a Mississippi River of new debt.

Inventory of Homes for Sale Blows Out in Texas, Price Cuts Spike

by Wolf Richter • Jul 11, 2025 • 80 Comments

The situation in Texas and its four big metros, Houston, Dallas-Fort Worth, Austin, and San Antonio.

Homes for Sale in Florida’s Biggest Markets Rise to Highest in Many Years and Languish as Demand Fizzled

by Wolf Richter • Jul 10, 2025 • 103 Comments

He who panicked first panicked best.

ECB Balance Sheet: QT Assets Drop by €64 Billion in June, by €3.18 Trillion from Peak, to €3.98 Trillion, Lowest since June 2020

by Wolf Richter • Jul 10, 2025 • 25 Comments

It also wrote down its €1 trillion in gold by €30 billion due to its price decline in euros in Q2.

The (Declining) Status of the US Dollar as Global Reserve Currency: Central Banks Diversify into other Currencies & Gold

by Wolf Richter • Jul 9, 2025 • 104 Comments

There was an extra-special spectacle in Q1 among the Swiss franc, Australian dollar, British pound, and Japanese yen.

Inventories of Homes for Sale in Big California Markets Jump to Highest in Years, Days on the Market Soar, Demand Withered

by Wolf Richter • Jul 8, 2025 • 108 Comments

Listings YoY: Orange County +66%, San Diego +55%, Fresno +48%, Sacramento +47%, Los Angeles +45%, Riverside-San Bernadino +43%, San Jose & Silicon Valley +39%; San Francisco metro +30%.

Used Car & Truck Wholesale Prices Been Rising for a Year, in Part Driven by Surging Prices of Used EVs

by Wolf Richter • Jul 8, 2025 • 35 Comments

Amid tight supply and solid demand.

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