Rents for Single-Family Houses and Apartments Blow Out across the US: This Crazy-Hot Rent Inflation is a National Fiasco by Wolf Richter • Mar 15, 2022 • 229 Comments And it has nothing to do with supply chains. Dear Fed, go have a look at the fruits of your labor.
Collapse of the Real-Estate “Tech” IPO & SPAC Stocks: House Flippers Opendoor & Redfin Come Unglued, after Zillow by Wolf Richter • Feb 26, 2022 • 158 Comments “Tech” real-estate broker Compass and “tech” renters-insurance-seller Lemonade collapsed too. All eyes on Better.com’s delayed SPAC deal. I can’t wait.
Inventory of New Houses Highest since 2008 amid Stalled Projects & Worst Spike in Construction Costs Ever Recorded by Wolf Richter • Feb 24, 2022 • 68 Comments Unfinished supply is amassing in the pipeline.
Is 4% the “Magic Number” for Mortgage Rates to Prick the Housing Market (and Stocks)? by Wolf Richter • Feb 23, 2022 • 245 Comments The Magic Number in 2018 was around 4.8%. In 2006, it was around 6%. But with today’s super-inflated home prices? Here are the signs.
The Most Splendid Housing Bubbles in America, Feb. Update: Raging Mania in Phoenix to Cooling Condos in San Francisco by Wolf Richter • Feb 22, 2022 • 199 Comments But the deals were made when mortgage rates were still 3%, not 4% as today.
When Will the Brutal Spike in Rents Drive Up CPI Inflation? How Much Will it Add to CPI? by Wolf Richter • Feb 15, 2022 • 207 Comments The numbers are already baked in and will show up over the next 24 months.
On-Time Rent Payments Sag amid Massive Spike in Rents by Wolf Richter • Feb 11, 2022 • 199 Comments I mean, who would have thought?
Mortgage Rates Hit 4.02%. Two-Year Yield Spikes by Most since 2009. Ten-Year Yield Goes over 2%. All Heck Breaks Loose by Wolf Richter • Feb 10, 2022 • 240 Comments Yields and rate-hike expectations spike. A rate hike now?
“Bad Time to Buy a Home” Hits Record Worst (Fannie Mae), as Home Sales Drop. Younger People Particularly Frustrated by Wolf Richter • Feb 7, 2022 • 207 Comments More milestones amid the mind-boggling milestones of our crazy times.
Dear Mr. Fed Chair Powell Sir, Rents Are Blowing Out and People are Hurting by Wolf Richter • Jan 31, 2022 • 408 Comments In 34 of the largest 100 cities, rents spiked by 15%-28%. Tenants get to pay for your reckless monetary policies that made the wealthy far wealthier.
