Rents in the Most Expensive Cities Drop. Oil Patch Gets Hit Too. But Massive Gains in Other Cities by Wolf Richter • Jun 1, 2020 • 129 Comments Are the Work-from-Home-Folks Moving to Cheaper Pastures?
San Francisco, Epitome of the “Everything Bubble,” Faces Fiscal Chaos. Boom-and-Bust, Always. Now is the Bust by Wolf Richter • May 31, 2020 • 170 Comments “I’ve stopped defining worst-case scenarios because they keep getting worse every week”: San Francisco’s controller.
From Ice-Cold to Hot: Daily Pending Home Sales in May so Far, 15 Cities Around the US by Wolf Richter • May 30, 2020 • 130 Comments A near-real-time roller-coaster of home sales during the pandemic via charts.
After Decade of Retail Investors Getting Systematically Wiped Out, SEC & CFTC Investigate Oil ETF USO Investor Risk Disclosure by Wolf Richter • May 30, 2020 • 88 Comments What took them so long? And while they’re at it, they should also investigate US Natural Gas Fund UNG.
Fed Tapered QE Helicopter Money for Wall Street Further: MBS Fell. Treasuries Barely Rose. Liquidity Swaps & Repos Stalled. by Wolf Richter • May 29, 2020 • 70 Comments But one of the Fed’s “13(3) Facilities,” managed by State Street, jumped.
No, Homes Did Not Sell Like Hotcakes: “Pending Home Sales” Plunged 34% in April, a Preview of “Closed Sales” in May by Wolf Richter • May 28, 2020 • 180 Comments The housing market faces ferocious headwinds.
Week 10 of the U.S. Labor Market Collapse: Still Getting Worse at Gut-Wrenching Pace, But Signs of Bottom Appear by Wolf Richter • May 28, 2020 • 90 Comments Gig workers weigh. PUA and “Initial Claims” surge. But millions of other workers got their jobs back. Here are the “Insured Unemployment Rates” for each state, topping out at 30%.
4th-Largest US Rental Car Company, Advantage, Files for Bankruptcy: 3rd Time in Decade, Hertz & Private Equity Written All Over It by Wolf Richter • May 27, 2020 • 67 Comments The “bare bones” petition is a sign that “something was about to happen.” Pressure piles on the used-vehicle wholesale market.
College Enrollment in the Spring Fell for 9th Year in a Row, and Now Comes Covid by Wolf Richter • May 27, 2020 • 132 Comments Already troubled asset classes, such as student housing and student housing CMBS, face turmoil.
Despite Record-Low Mortgage Rates, New House Prices Drop to Lowest April since 2015, Sales to Lowest April since 2017 by Wolf Richter • May 26, 2020 • 166 Comments More than plenty of supply: 6.3 Months’ unsold inventory of speculative houses.
