Single-family giants are selling houses they bought amid the Housing Bust and shifted to new construction of build-to-rent developments. Multifamily caught up in CRE turbulence.
Fed’s Nightmare, but it’ll cut anyway: CPI, Core CPI, and Core Services CPI all over 4% annualized. Goods prices spiked for Used Vehicles, Food, Gasoline.
Result of withered demand: Days on the market in Los Angeles, San Diego, Orange County, Riverside, San Francisco, San Jose & Silicon Valley, Sacramento, Fresno.
