US Government Fiscal Mess: Debt, Deficit, Interest Payments, and Tax Receipts: Q4 2024 Update on an Ugly Situation by Wolf Richter • Mar 27, 2025 • 17 Comments The Deficit-to-GDP ratio and Debt-to-GDP ratio get even uglier.
In the South & West, Pending Sales of Existing Homes Mark Worst February in the Data, as Inventories in Florida, Texas, California Surge by Wolf Richter • Mar 27, 2025 • 37 Comments Frozen sales meet ballooning inventories.
Home Buyers Still on Strike, Waiting for Lower Prices, Lower Rates, and Higher Incomes by Wolf Richter • Mar 26, 2025 • 97 Comments Demand for mortgages to purchase a home has plunged by nearly double the rate of sales of existing homes.
In the West, Inventory of New Houses for Sale Jumps to Highest since 2007. In the South, it’s Bigger than During Housing Bust by Wolf Richter • Mar 25, 2025 • 84 Comments Bring on the supply of new houses! Prices drop, as homebuilders try to sell the inventory, but are still far too high.
SPAC Implosion Keeps on Giving: Genetic Data of 15 Million Customers up for Grabs at 23andMe Bankruptcy Auction by Wolf Richter • Mar 24, 2025 • 75 Comments California Attorney General urges Californians to direct 23andMe to delete their genetic data and samples.
Services Activity Jumps in March, Cost Pressures from Tariffs & Staffing Well Up by Wolf Richter • Mar 24, 2025 • 44 Comments But “competition limited the pass-through of higher costs to selling price … which will harm profits.”
Treasury Yield Curve Re-Inverts with Sag in the Middle, as Government Swats Down 10-Year Yield. But Mortgage Rates Don’t Follow all the Way, Spread Widens by Wolf Richter • Mar 22, 2025 • 104 Comments Short-term Treasury yields of 6 months or less stay put above 4%.
Fed’s Operating Losses Declined to $78 Billion in 2024, “Unrealized Losses” Rose to $1.06 Trillion by Wolf Richter • Mar 21, 2025 • 77 Comments QE has produced years of hangover.
Where Condos Already Came Unglued: 10 Big Cities with Price Drops from 10% to 22% from Peak by Wolf Richter • Mar 21, 2025 • 79 Comments Austin, Oakland, San Francisco, Detroit, New Orleans, Jacksonville, Denver, Portland, Seattle, Mesa. Tampa is almost there, as are other markets.
Buyers Strike Not Letting Up: Sales of Existing Homes Have Worst February since 2009, as Inventory Surges by Wolf Richter • Mar 20, 2025 • 85 Comments Too-high prices trigger demand destruction, market freezes.
