Retail Vacancy on Chicago’s Magnificent Mile More Than Doubles from Pre-Pandemic Levels by Wolf Richter • Mar 24, 2022 • 92 Comments Among the tenants that decided not to re-open their stores along the Mag Mile were Macy’s, Uniqlo, and the Gap.
Now It’s BBQ-Grill IPO Stocks that Barbecue Retail Investors by Wolf Richter • Mar 23, 2022 • 103 Comments The hype-and-hoopla era was just so much fun while it lasted.
Inventory of New Houses Piles Up to Highest since 2008. Sales & Prices Drop. Stocks of Homebuilders Swoon by Wolf Richter • Mar 23, 2022 • 184 Comments Buyers hobbled by spike in mortgage rates and sky-high prices. Builders hobbled by shortages and worst spike in costs ever recorded.
Another Office Tower Goes Bust: Blackstone Walks from Manhattan Tower it Bought for $605 Million. CMBS Holders to Eat Remaining Losses by Wolf Richter • Mar 22, 2022 • 150 Comments Older office towers are besieged. Working-from-home and hybrid-work aren’t helping. The losses are huge.
Ultimate No-Growth Industry: Electricity Generation in 2021 Rose to, Well, 2007 Levels, Eagerly Awaits Demand from EVs by Wolf Richter • Mar 22, 2022 • 113 Comments But the mix of how power was generated changed dramatically over the years.
Mayhem in the Treasury Market as Powell Adds 50-Basis-Point Rate Hikes (Plural) to Menu, QT “As Soon As” May by Wolf Richter • Mar 21, 2022 • 289 Comments 10-Year yield hits 2.31%, 30-year fixed mortgage rate hits 4.66%. And why the funny kangaroo-shaped yield curve says nothing about the economy.
Next Shoe Drops on Office Markets: State & Local Governments Dump Office Space amid Working-from-Home/Hybrid Model by Wolf Richter • Mar 20, 2022 • 161 Comments Office vacancy rates are already huge, foreclosures of office towers are piling up, and office attendance is still very low, everywhere.
Mortgage Rates Spike, Home Sales Drop for 7th Month, and Suddenly Here Come the New Listings by Wolf Richter • Mar 18, 2022 • 357 Comments But it doesn’t yet reflect the recent spike in mortgage rates to 4.5%.
The Most Splendid Housing Bubbles in Canada, March Update, amid Jumping Yields, Bank of Canada’s Rate Hike and QT by Wolf Richter • Mar 17, 2022 • 98 Comments Mad scramble to lock in rising mortgage rates? A few markets went raging-mania hog-wild. Others not so much. In two, prices dipped again.
How the Vehicle Production Nightmare Upended Everything and Why Automakers & Dealers Don’t Want the Old Ways Back by Wolf Richter • Mar 17, 2022 • 114 Comments But There’s No Shortage of Used Vehicles.
