Credit Card Delinquencies, Balances, Burden, Credit Limits, and Collections in Q2 2025

by Wolf Richter • Aug 19, 2025 • 8 Comments

Our Drunken Sailors and their Credit Cards.

The Most Splendid Housing Bubbles in America, July 2025: The Price Drops & Gains in 33 Large Expensive Metros

by Wolf Richter • Aug 18, 2025 • 72 Comments

Home prices fell YoY in 20 of our 33 metros: Tampa, Austin, Miami, San Diego, San Jose, San Francisco, San Antonio, Dallas, Phoenix, Orlando, Atlanta, Denver, Raleigh, Houston, Seattle… Some still up YoY: Boston, Chicago, New York, Philadelphia…

My Thoughts about those July Retail Sales

by Wolf Richter • Aug 15, 2025 • 108 Comments

Drunken Sailors going about their lives, spending money, moving the economy forward.

Bull Markets Create the Illusion of Mastery

by Sponsored by TheTechnicalTraders.com • Aug 13, 2025

When markets soar, judgment slips -- here's why.

Core Services PPI Explodes, Worst since March 2020, Causes Overall PPI and Core PPI to Explode

by Wolf Richter • Aug 14, 2025 • 220 Comments

Food prices also spiked. Energy prices surged due to diesel, jet fuel, and industrial electric power. Ugly all around.

Inventory of Homes for Sale in New York, Philadelphia, Chicago, Boston, Nashville, Atlanta, Washington DC, Columbus, Detroit, Minneapolis

by Wolf Richter • Aug 13, 2025 • 68 Comments

Each market dances to a different drummer. But in some metros, the drummer hasn’t gotten out of bed yet.

Fed’s Nightmare: CPI Inflation in Core Services Worst in 6 Months, Pushing Core CPI to Worst in 6 Months. Some Goods Prices Fell, Others Rose

by Wolf Richter • Aug 12, 2025 • 209 Comments

The shocker for the 2nd month was the re-acceleration of inflation in core services, the biggie, accounting for 60% of overall CPI.

Serious Delinquency Rates for Subprime & Prime Auto Loans, their Balances, and their Burden: Our Drunken Sailors in Q2

by Wolf Richter • Aug 11, 2025 • 33 Comments

Subprime is, as always, in trouble, which is why it’s subprime – high-risk-high-profit auto sales & lending that can entail steep losses.

Average Age of First-Time Home Buyers and How it Changed over the Past 25 Years

by Wolf Richter • Aug 11, 2025 • 104 Comments

Turns out, younger people live their lives, and have always done so.

Government Sold $724 Billion of Treasuries this Week, Debt Hits $37.0 Trillion. Getting Ready for the Fed’s Shift to T-Bills

by Wolf Richter • Aug 8, 2025 • 124 Comments

10-year and 30-year yields rose after rough auctions, despite huge issuance of T-bills to take pressure off long-term yields.

Inventory of Homes for Sale Balloons in Texas and its Big Metros: Dallas-Fort Worth, Houston, Austin, San Antonio

by Wolf Richter • Aug 8, 2025 • 48 Comments

Amazing turn of events: From desperate “housing shortage” to massive inventory pile-up in four years.

Fed Balance Sheet QT: -$19 Billion in July, -$2.32 Trillion from Peak, to $6.64 Trillion

by Wolf Richter • Aug 7, 2025 • 42 Comments

The ratio of the Fed’s assets to GDP dropped to 21.9%, lowest since Q4 2019 and back where it had been in 2013.

Used Car & Truck Wholesale Prices amid Solid Retail Demand and Tight Supply

by Wolf Richter • Aug 7, 2025 • 15 Comments

Another squiggle, down this time, in moderate inflationary pressures that started a Year Ago.

Days on the Market Blow Out in Florida’s Big Metros as Homes for Sale Don’t Sell and Pile Up

by Wolf Richter • Aug 7, 2025 • 110 Comments

Despite big waves of delistings.

Here Come the HELOCs: Mortgages, Housing-Debt-to-Income-Ratio, Serious Delinquencies, and Foreclosures in Q2 2025

by Wolf Richter • Aug 6, 2025 • 50 Comments

Taxpayers and investors are mostly on the hook this time, not banks.

Household Debts, Debt-to-Income Ratio, Serious Delinquencies, Collections, Foreclosures, Bankruptcies: Our Drunken Sailors’ Debts in Q2 2025

by Wolf Richter • Aug 5, 2025 • 109 Comments

The long-defaulted federal student loans come out of the shadows of government forbearance.

Construction Spending on Data Centers, Office Buildings, and Electric Power Installations

by Wolf Richter • Aug 4, 2025 • 87 Comments

Boom, bust, and the adults in the room.

Inventories of Homes for Sale Surge in Denver, Seattle, Phoenix, Tucson, Portland, Las Vegas, Salt Lake City, Albuquerque, Boise

by Wolf Richter • Aug 4, 2025 • 100 Comments

Lots of inventory, little demand: Median days on the market before homes got pulled or sold spiked to 70 days in Phoenix.

Tariff Cash Is Rolling In, Hits $28 Billion in July

by Wolf Richter • Aug 2, 2025 • 177 Comments

At this pace, tariffs will raise an additional $230 billion in corporate taxes a year. US nonfinancial corporate profits spiked to $3 trillion a year.

Slowing Supply of Immigrant Labor & Slowing Job Growth Keep the Job Market “in Balance” and the Unemployment Rate Low, Push Up Wages. Powell Talked about It

by Wolf Richter • Aug 1, 2025 • 138 Comments

The Fed’s dual mandate is “stable prices and maximum employment, not so much growth” in employment, he said at the press conference.

Homes for Sale in Big California Markets Pile Up, Days on the Market Spike to Highest in Years, despite Surge of Delistings, as Buyers Vanished

by Wolf Richter • Jul 31, 2025 • 53 Comments

Listings YoY: Orange County +50%, San Diego +44%, Los Angeles +38%, Riverside-San Bernadino +38%, Sacramento +37%, Fresno +33%, San Jose & Silicon Valley +29%; San Francisco metro +21%.