Housing Bubble Woes: Supply Jumps, Sales Drop, Median Price Skewed Higher by Shift in Mix as Bottom Falls Out below $500k, amid Holy-Moly Mortgage Rates by Wolf Richter • Jun 21, 2022 • 253 Comments California special: Pending sales collapse by 30%, prices begin to “moderate,” San Francisco condo prices decline year-over-year.
Stock Market Swoon Pulls Rug Out from under Luxury Home Sales by Wolf Richter • Jun 20, 2022 • 106 Comments The June sell-off did a job on them.
THE WOLF STREET REPORT: What’s Behind the Collapse of so Many Stocks since Feb 2021? by Wolf Richter • Jun 19, 2022 • 230 Comments This crash beneath the surface showed something had broken, that the magic had died, that hype and hoopla were suddenly unable to carry the day.
New Vehicle Inventory, Stuck Near Record Lows, Gets Worse as Buyers Shift from Trucks to Economical Cars, which Vanish by Wolf Richter • Jun 17, 2022 • 215 Comments Average price jumps by $5,000 from year ago, to $45,495.
WOLF STREET Mug Shortage Decision Time: Please Weigh in if You’re on the “Mug List,” and Even if You’re Not by Wolf Richter • Jun 17, 2022 • 112 Comments Wait for the original mug (no confirmation it will ever be produced again), or grab the mug I can get.
Morning After J-Pow, Second Time in a Row by Wolf Richter • Jun 16, 2022 • 178 Comments Someone might think, OK, I could speculate with the J-Pow Pattern at the next Fed meeting.
As Gasoline Prices Spike, Demand Destruction Spreads, with Long-Term Implications by Wolf Richter • Jun 16, 2022 • 308 Comments Wait… gasoline exports are rising.
Fed Stops Dillydallying. So OK, Maybe No Softish Landing. Markets on their Own by Wolf Richter • Jun 15, 2022 • 297 Comments This is fast moving now, but the Fed is still pouring fuel on the fire.
Retail Sales Report, May: In Foulest Mood Ever, Consumers Still Spent Hugely at Retailers, Fighting Inflation where they Can by Wolf Richter • Jun 15, 2022 • 130 Comments Spent $20 billion more at gas stations, from a year ago, due to spiking prices; came out of hide of other retailers. Inflation eats everyone’s lunch.
“Real Estate Tech” in Existential Crisis as Housing Sours, Stocks Plunge, New Money Out of Reach: Redfin & Compass Try to Survive by Cutting Staff. Opendoor, Zillow Sag by Wolf Richter • Jun 14, 2022 • 195 Comments In short, the party ran out of bamboozle.
