And the FANGMAN shivered as Netflix got knocked down.
Wolf Richter on the HoweStreet.com podcast.
Sellers are suddenly coming out of the woodwork. Housing market is having a moment.
Was June as Good as It’s Going to Get in the Pandemic Era?
Torrent of 2.4 million new claims under state & federal programs. PUA claims by gig workers now 45% of total unemployment. Many people are hired back, but many are newly laid off. Labor market recovery remains hard to discern.
There is no recovery for office space. The number of people going to the office has declined over the past four weeks.
And this is just for the very beginning of the Pandemic’s impact on housing.
Shrinkage in survival mode instead of V-shaped recovery. “It will be more than two years before we see a sustainable recovery”: CEO.
“Extend and pretend” works wonders for a little while. But with auto loans, it gets dicey in a hurry. And then what?
The time for deals on new vehicles has arrived.