Rents Swoon in San Francisco, Other Expensive Cities, TX-OK Oil Patch Y/Y. But 23 Cities with Double-Digit Rent Increases by Wolf Richter • Aug 3, 2020 • 175 Comments Large-scale shifts triggered by work-from-home, staggering unemployment crisis, and oil-and-gas bust. Rents respond in real time.
Google Extends Work-from-Home to July 2021. Other Firms to Follow. Condo, Apartment, Office Markets in Silicon Valley, San Francisco, Manhattan to Take Further Hit by Wolf Richter • Jul 27, 2020 • 105 Comments Those markets are already getting hit.
THE WOLF STREET REPORT: Nobody Knows How to Ever Get Out of This Mess by Wolf Richter • Jul 26, 2020 • 236 Comments “Extend and Pretend” forevermore?
Shift from Condos to Houses and from Big Cities to Suburbs? New House Sales Rose 6.9% fr. June Last Year, to Highest Level since July 2007 by Wolf Richter • Jul 24, 2020 • 130 Comments The evidence keeps piling up.
Home Sales Down -11% from Year Ago, Condos -23%, but Bounce off Lockdown-Lows by Wolf Richter • Jul 22, 2020 • 85 Comments More signs of a move from the cities to the suburbs? Supply of houses is tight; condos are piling up.
“Pent-up Supply” Floods San Francisco Housing Market, Most Since Housing Bust by Wolf Richter • Jul 17, 2020 • 187 Comments Sellers are suddenly coming out of the woodwork. Housing market is having a moment.
US House Prices to Drop 6.6% by May 2021, First Annual Decline since Jan. 2012: CoreLogic, Owner of the Case-Shiller Index by Wolf Richter • Jul 7, 2020 • 176 Comments And this, after years of being unwaveringly bullish in its housing market predictions.
Massive Shifts Underway, Rental Market Reacts in Near-Real Time: Rents Plunge in San Francisco & Oil Patch, Drop in Expensive Cities. But Long List of Double-Digit Gainers by Wolf Richter • Jul 1, 2020 • 106 Comments Rents in San Francisco are still crazy-overpriced.
There Sure’s a Lot of Brain-Dead Misreporting About the Case-Shiller Home Price Index this Morning by Wolf Richter • Jun 30, 2020 • 131 Comments No, it’s not yet a reflection of home prices during the Pandemic. Be patient. Reporters or spaghetti-code algos should have read the methodology before misleading their readers.
Pending Home Sales Bounce Off Brutal Low, Still -11% from February, -5% from May Last Year by Wolf Richter • Jun 29, 2020 • 131 Comments The market is facing a historic mess.
