Lennar Further Cuts Average Sales Price of New Homes, to Lowest since 2017, -25% from Peak: That’s what this Housing Market Needs by Wolf Richter • Dec 17, 2025 • 65 Comments Lower prices & lots of new supply. Deliveries & backlog rose. Profit margins, profits, & shares plunged.
CEO of ICE on Making Mortgages “Portable” & “Assumable” in the Era of MBS, and on AI at ICE and its Impact on Hiring by Wolf Richter • Dec 10, 2025 • 36 Comments “I look at our own behavior, which is we’re kind of slow walking some of that kind of hiring now because we’re using these tools.”
Manufacturing Grew for 10th Month of 11 in 2025: S&P. Manufacturing Declined for 9th Month Straight: ISM. What Gives? by Wolf Richter • Dec 1, 2025 • 19 Comments What even are these manufacturing PMIs?
AI-Spending War and AI-Debt Pile-Up Could Squeeze Share Buybacks by Wolf Richter • Nov 24, 2025 • 95 Comments Apple, Alphabet, Microsoft, Oracle, Meta, and Nvidia spent $1.1 trillion on share buybacks in 5 years to pump up their shares. That’s at risk.
Inflation Rages in Streaming Services by Wolf Richter • Nov 12, 2025 • 115 Comments Consumers, despite their ultra-foul mood, are not pushing back with waves of cancellations that would keep a lid on streamflation.
Entire Treasury Yield Curve from 3 Months to 30 Years Has Risen since Fed’s Rate Cut. Mortgage Rates too. Bond Market Edgy about Inflation & Supply by Wolf Richter • Nov 9, 2025 • 145 Comments The 6-month Treasury yield sees Fed on hold in December. Cutting rates as inflation accelerates is a delicate operation that the bond market isn’t fond of.
CarMax Enters our Imploded Stocks. Used-Car Dealers Face Reckoning after Jacking Up Prices by 55% in 2 Years by Wolf Richter • Nov 6, 2025 • 80 Comments Consumers have had it with high prices. In addition, these dealers have company specific issues.
Repo Market Liquidity Pressures Made Worse by Government Shutdown, but the Fed’s SRF Did its Job and Went Back to Sleep by Wolf Richter • Nov 4, 2025 • 42 Comments After the debt ceiling, the shutdown: government checking account (TGA) sucks up $700 billion in four months.
Who Takes the Losses on Office CRE? Here’s an Example: the Bankruptcy of Office Properties Income Trust by Wolf Richter • Nov 3, 2025 • 28 Comments Shareholders got wiped out, noteholders take losses and get the company, banks appear to be largely unscathed.
Office CMBS Delinquency Rate Hits Record 11.8%, Much Worse than Financial Crisis. Multifamily Delinquencies Soar to 7.1% by Wolf Richter • Nov 1, 2025 • 74 Comments Commercial real estate (CRE) loans on office and multifamily properties got further bludgeoned in October.
