DOGE Seeks to Shed Vast Amounts of Government Office Space. Here’s How Much the Government Leases, and Where, and What Leases it Can Shed During Trump’s Term by Wolf Richter • Jan 25, 2025 • 155 Comments For CRE, the motto in 2024 was “Survive till 2025” via extend-and-pretend. Now it’s 2025, and here comes the government’s office space.
Sales of Existing Homes Finally Begin to Thaw a Little, amid Highest Supply for December since 2018 by Wolf Richter • Jan 24, 2025 • 96 Comments 2024 was the worst year since 1995 for sales because prices are too high after the 50% spike in 2019-2022.
Collapse of the Solar Stocks by Wolf Richter • Jan 23, 2025 • 133 Comments This is about stock market craziness, not about solar power.
Subprime, Prime, and Overall Auto-Loan Delinquency Rates: Why this Surge in “Subprime” Delinquencies when “Prime” Is Pristine? by Wolf Richter • Jan 22, 2025 • 55 Comments We’re in the 4th cycle of the subprime profit motive after auto-loan securitizations became a thing in the early 1990s.
“Locked-in” Homeowners Nevertheless Pay Off Below-4% Mortgages: their Share of All Mortgages Outstanding Drops to 55%, Lowest since Q1 2021 by Wolf Richter • Jan 20, 2025 • 172 Comments Big changes in life, corporate switcheroos from working-remotely-forever to return-to-the-office, job changes, natural disasters, etc., force their hand.
The Big Cities with the Biggest Price Declines of Single-Family Houses or Condos from their Peaks: From -9% to -21% by Wolf Richter • Jan 19, 2025 • 114 Comments Austin, Oakland, New Orleans, San Francisco, Washington D.C., New York City, Detroit, Seattle, Portland, Tampa.
Bring on the Supply: Single-Family Construction Starts in 2024 Rose to 2nd Highest in 17 Years amid Budding Glut. Multifamily Starts Plunge from Boom amid Oversupply & CRE Depression by Wolf Richter • Jan 17, 2025 • 81 Comments But small multifamily buildings with 2-4 units dodge the CRE depression.
ECB Faces a Problem: Euro Area Services Inflation Stuck at 4.0% for 13th Month. CPI Accelerates Further, as Energy & Durable Goods Stopped Plunging by Wolf Richter • Jan 17, 2025 • 21 Comments Inflation far from over. ECB risks throwing fuel on top of it.
The Fed Needs to Watch Out: Amid Strong Demand from our Drunken Sailors, Retail Sales Surged in Late 2024 and Inflation Caught its Second Wind by Wolf Richter • Jan 16, 2025 • 162 Comments More consumers, more workers, more jobs, more money. GDPNow jumps upon these retail sales.
The Most Splendid Housing Bubbles in Canada, Dec. 2024 by Metro: Toronto, Vancouver, Victoria, Calgary, Ottawa, Montreal, Quebec City, Halifax, Edmonton, Winnipeg by Wolf Richter • Jan 15, 2025 • 55 Comments Toronto single-family -19% from Feb 2022 peak, condos hit 3-year low. Vancouver eases further. Calgary condos sag. New highs in some markets.
