The Most Splendid Housing Bubbles in America: July Update, Holy Moly by Wolf Richter • Jul 27, 2021 • 269 Comments Raging mania house-price inflation.
No, Rents Are Not Suddenly Spiking in San Francisco: They Fell Again in July and Are Down 27% since June 2019 by Wolf Richter • Jul 27, 2021 • 84 Comments The rental market is in turmoil after jobs and people left, and price discovery has set in. Falling rents are a market-based solution to the “Housing Crisis.”
US Home Purchases by Foreigners Plunged for 4th Year, to Decade Low. But They Bought More Expensive Homes than Americans by Wolf Richter • Jul 26, 2021 • 133 Comments Purchases by buyers from China collapsed by 84% since the peak in 2017.
Buyers’ Strike: Sales of New Houses Plunge 32% in 5 Months, Unsold Inventory Highest since 2008, Prices Drop, Construction Costs Spike by Most since 1980 by Wolf Richter • Jul 26, 2021 • 229 Comments Bottom falls out at lower end. Fed-enriched high-end buyers doing fine.
People Sure Are Driving a Lot, Gasoline Consumption Hits Record, But Flying & Mass Transit Lag Way Behind by Wolf Richter • Jul 25, 2021 • 154 Comments The miracles of the new economy.
Bond Market Has Been Clueless about Inflation for Decades, Now More so Than Ever. The Meme the Drop in Yields = End of Inflation is a Fantasy by Wolf Richter • Jul 24, 2021 • 226 Comments Even before QE, the 10-year yield lagged years behind CPI, up and down. And now, the Fed manipulates the market with QE.
While Fed Blows Off Inflation, Hawkish Bank of Russia Shocks & Awes with Rate Hikes, Sees “Persistent” & “Prolonged” Inflation by Wolf Richter • Jul 23, 2021 • 197 Comments But the US and Russia have similar red-hot inflation rates.
After Slashing 33% of Workers in 6 Years, Railroads Complain about Labor Shortages, amid Uproar over Slow Shipments by Wolf Richter • Jul 22, 2021 • 237 Comments “No way did I realize how difficult it was going to be to try and get people to come to work these days”: CEO of CSX.
Home Sellers Are Coming Out of the Woodwork: New Listings, Unsold Inventories & Supply Rise by Wolf Richter • Jul 22, 2021 • 179 Comments Sales edge up, after sagging for months, amid Crazy Spiking Prices.
Creditors Foreclose on Another Mall of Simon Property Group, Face Massive Loss by Wolf Richter • Jul 21, 2021 • 147 Comments As largest mall landlord in the US sheds its malls, CMBS holders, such as bond funds and pension funds, take the losses.
