Condo Prices Drop 13% in San Francisco, All-Time Record Inventory Glut Piles Up by Wolf Richter • Nov 5, 2020 • 112 Comments The glut is in neighborhoods with condo towers, particularly where the construction boom has been. Neighborhoods with low-rise buildings are less impacted.
Housing Market Goes Nuts, Everyone Sees it, But it Can’t Last by Wolf Richter • Oct 23, 2020 • 307 Comments There’s a housing shortage until there’s suddenly a housing glut: see San Francisco et al.
Sorting through the Data Chaos in Unemployment Claims: Week 31 of U.S. Labor Market Collapse by Wolf Richter • Oct 22, 2020 • 59 Comments California Emerged from its “Reset.”
Disney Struck. Cinemas, Landlords Live Nightmare in Brick-and-Mortar-Meltdown Series as Movie Debuts Shift to Streaming by Wolf Richter • Oct 12, 2020 • 121 Comments Efforts to redevelop dying Stonestown Galleria in San Francisco turn into mess. The beating of landlords will continue until mood improves.
Condo Boom Turns to Historic Condo Glut in San Francisco by Wolf Richter • Oct 7, 2020 • 85 Comments There is a “housing shortage” and an “inventory shortage” until there suddenly isn’t.
The Flight of the Techies by John McNellis • Oct 2, 2020 • 142 Comments New York City, San Francisco Bay Area are the big losers. The great 2020 exodus raises the question: Will the techies ever return?
California Sales Ban of New Gasoline & Diesel Vehicles Jolts Half-Dead Business Model of Electric Utilities & Power Producers, Including in Other States by Wolf Richter • Sep 28, 2020 • 215 Comments A light goes on after more than a decade of falling electricity demand. No business wants to operate in a declining industry.
California Tries to Stem the Unemployment Insurance Chaos: Week 27 of U.S. Labor Market Collapse by Wolf Richter • Sep 24, 2020 • 142 Comments Even Fitch weighs in on the data chaos.
On Fumes of Stimulus: California Starts Sending Out $900 Lump-Sum FEMA-Funded Unemployment Payments on Labor Day by Wolf Richter • Sep 7, 2020 • 152 Comments Most states are also rolling it out. On top of other stimulus programs and housing payment deferrals via eviction bans & mortgage forbearance
“Pent-up Supply” in San Francisco Turns into Record Glut of Houses & Condos for Sale. Prices Weaken by Wolf Richter • Aug 25, 2020 • 203 Comments Why is everyone suddenly trying to sell their home?
