Red-Hot Rents to Fire Up CPI Inflation Just When “Temporary” Is Supposed to Unwind It by Wolf Richter • Sep 27, 2021 • 120 Comments Asking rents spiked 10%-25% in half the cities. Rents fell in only a few, incl. -25% in San Francisco from 2019 peak.
Unfinished Houses for Sale Pile Up, Total Inventory Highest since 2008, amid Material Shortages & Worst Spike in Construction Costs since 1979 by Wolf Richter • Sep 24, 2021 • 251 Comments Sales of new single-family houses fall 24% from a year ago. The lower end has died.
Home Sales Fall from Year Ago, Prices Down for 2nd Month, Price Reductions Jump: This “Deceleration” Despite Massively Negative Real Mortgage Rates by Wolf Richter • Sep 22, 2021 • 188 Comments But now the Fed is planning to end QE.
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.
