In the South & West, Pending Sales of Existing Homes Mark Worst February in the Data, as Inventories in Florida, Texas, California Surge by Wolf Richter • Mar 27, 2025 • 52 Comments Frozen sales meet ballooning inventories.
Where Condos Already Came Unglued: 10 Big Cities with Price Drops from 10% to 22% from Peak by Wolf Richter • Mar 21, 2025 • 80 Comments Austin, Oakland, San Francisco, Detroit, New Orleans, Jacksonville, Denver, Portland, Seattle, Mesa. Tampa is almost there, as are other markets.
Tesla Sales Got Crushed in Q4 in California, its Largest US Market. Non-Tesla EV Sales Jumped to a Record. ICE Vehicle Sales Dipped by Wolf Richter • Feb 3, 2025 • 75 Comments Since 2016, ICE vehicle sales plunged 31%, while EV sales soared 10-fold.
The Big Cities with the Biggest Price Declines of Single-Family Houses or Condos from their Peaks: From -9% to -21% by Wolf Richter • Jan 19, 2025 • 114 Comments Austin, Oakland, New Orleans, San Francisco, Washington D.C., New York City, Detroit, Seattle, Portland, Tampa.
San Francisco House Prices Drop Back to 2019, Condo Prices to 2015, as Tech Jobs in the City & Silicon Valley Evaporate after Drunken Hiring Binge by Wolf Richter • Dec 26, 2024 • 85 Comments Housing Bust 2 reverses part of the “Housing Crisis” when people with good incomes could no longer afford to live in the City.
Job Losses Pile Up at Tech & Social Media Companies in San Francisco & Silicon Valley after Reckless Hiring Frenzy by Wolf Richter • Sep 24, 2024 • 123 Comments A reckoning with budding parallels to the Dotcom Bubble & Bust, while other sectors continue to grow. Unemployment rate rose to 3.9%.
Winemaker SPAC with Dozens of Brands, Result of PE-Firm Backed Rollup, Files for Bankruptcy 3 Years after SPAC Merger by Wolf Richter • Jul 25, 2024 • 53 Comments Everyone was happy, sort of, except the public that bought the misbegotten shares and got wiped out?
Non-Tesla EV Sales +45% in Q2 YoY in California, Tesla -24%: People Have Had it with Musk’s Bullshit about California and San Francisco? by Wolf Richter • Jul 19, 2024 • 290 Comments Oh Elon, trying to wreck Tesla? Consumer boycotts work, see Bud Light. Don’t mess with American consumers!
Office CRE Mess Keeps Getting Worse, Massive Repricing Underway by Wolf Richter • Apr 1, 2024 • 95 Comments It’ll take years to get this mess cleaned up, at the expense of investors, landlords, and banks.
Production & Exports of Crude Oil & Petroleum Products Soar to Record in 2023, SPR Gets Refilled (Slowly) by Wolf Richter • Mar 4, 2024 • 65 Comments US oil production boom has dramatically changed global energy dynamics.
