Supreme Court Sacks CDC Eviction Ban by Wolf Richter • Aug 27, 2021 • 236 Comments The extra $300 a week in federal unemployment benefits, on top of state UI, were designed to give people enough money to pay rent.
Home Prices Dip for First Time off Crazy Spike, Price Reductions Surge, Sellers Emerge, House Sales Drop Year-over-Year, Inventories & Supply Keep Rising by Wolf Richter • Aug 23, 2021 • 209 Comments “Normalization” or “deceleration,” as this phenomenon is called, is setting in.
State of the American Debt Slaves: Forbearance & Free-Money Phenomenon amid Soaring Prices of Homes & Autos by Wolf Richter • Aug 3, 2021 • 198 Comments Mass-forbearance is the best thing that ever happened to sweeping reality under the rug. But now, there’s a huge mess under the rug.
Steamy Rent Inflation in Single-Family Suburban Houses: Invitation Homes Jacks Up Rents Big Time on its 80,000 Houses by Wolf Richter • Jul 30, 2021 • 209 Comments It isn’t buying whole neighborhoods; it’s buying whole new subdivisions of built-to-rent houses.
The Most Splendid Housing Bubbles in America: July Update, Holy Moly by Wolf Richter • Jul 27, 2021 • 269 Comments Raging mania house-price inflation.
No, Rents Are Not Suddenly Spiking in San Francisco: They Fell Again in July and Are Down 27% since June 2019 by Wolf Richter • Jul 27, 2021 • 84 Comments The rental market is in turmoil after jobs and people left, and price discovery has set in. Falling rents are a market-based solution to the “Housing Crisis.”
US Home Purchases by Foreigners Plunged for 4th Year, to Decade Low. But They Bought More Expensive Homes than Americans by Wolf Richter • Jul 26, 2021 • 133 Comments Purchases by buyers from China collapsed by 84% since the peak in 2017.
Buyers’ Strike: Sales of New Houses Plunge 32% in 5 Months, Unsold Inventory Highest since 2008, Prices Drop, Construction Costs Spike by Most since 1980 by Wolf Richter • Jul 26, 2021 • 229 Comments Bottom falls out at lower end. Fed-enriched high-end buyers doing fine.
Home Sellers Are Coming Out of the Woodwork: New Listings, Unsold Inventories & Supply Rise by Wolf Richter • Jul 22, 2021 • 179 Comments Sales edge up, after sagging for months, amid Crazy Spiking Prices.
While the Fed Fiddles, the Dollar Burns: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982 by Wolf Richter • Jul 13, 2021 • 330 Comments Defying economists’ expectations for sixth month in a row, inflation heats up instead of easing off. And it’s a lot worse than it seems.
