Office CMBS Delinquency Rate Re-Spikes to 10.6%, to Worst Levels of the Financial Crisis Meltdown by Wolf Richter • May 31, 2025 • 74 Comments It’s the older office towers that get in trouble amid a flight to quality.
How Financial Services, a Market Plunge in April, and a Historic Cliff-Dive by Recreation Services Messed with PCE Inflation Today. But a Snap-Back Cometh by Wolf Richter • May 30, 2025 • 55 Comments Outside of two heroes that pushed down the overall indices, there isn’t anything benign about this PCE inflation data.
US Government Interest Payments to Tax Receipts, Average Interest Rate on the Debt, and Debt-to-GDP Ratio in Q1 2025 by Wolf Richter • May 29, 2025 • 93 Comments Update on an ugly situation.
Pending Home Sales Plunge in All Regions, Inventories Surge. In the West & South, Collapsed Sales Meet Spiking Inventories by Wolf Richter • May 29, 2025 • 67 Comments Adios, “spring selling season.”
How the ECB’s Mark-to-Market of its Gold Holdings to €1 Trillion and €3.1 Trillion in QT Affect its Balance Sheet by Wolf Richter • May 28, 2025 • 46 Comments Under QT, the ECB shed €3.1 trillion in bonds and loans. Separately, it wrote up its gold assets by €409 billion, or by 68%, to reflect soaring gold prices.
Durable Goods Orders Made Ugly Headlines, but the 3-Month Average, which Irons Out Aircraft Orders, Rose to a Record by Wolf Richter • May 27, 2025 • 18 Comments And the backlog of unfilled orders remained at record high.
The 10 Big Cities with the Biggest Price Declines of Single-Family Homes from their Peaks through April: -7% to -21% by Wolf Richter • May 26, 2025 • 71 Comments Austin, Oakland, New Orleans, San Francisco, Washington D.C., Phoenix, Portland, Denver, Fort Worth, San Antonio.
30-Year & 20-Year Treasury Yields Back over 5%, 10-Year over 4.5%, Yield Curve Steepens at Long End, Mortgage Rates Back over 7% by Wolf Richter • May 24, 2025 • 149 Comments Will the bond market eventually wake up and scare the bejesus out of Congress? Is it already rubbing its eyes?
Inventory of New Houses for Sale at 500,000, Most since 2007, Driven by the South & West. Prices Zigzag Lower, Sales Rise by Wolf Richter • May 23, 2025 • 34 Comments As homebuilders got aggressive with mortgage-rate buydowns, incentives & lower prices, sales held up, unlike sales of existing homes, which collapsed.
Spring Selling Season Fizzles, Worst April for Home Sales since 2009, Supply Surges to Highest since 2016, YoY Price Gains Fade by Wolf Richter • May 22, 2025 • 121 Comments Epic demand destruction has ensued after prices spiked by 50% in three years. And now supply is piling up.
