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.
Construction Costs Spike 17.5%, Worst since at least 1965. Inventories of New Houses Pile Up, Highest since 2008. Median Price Dives as Mix Shifts by Wolf Richter • Jan 26, 2022 • 126 Comments The rise of the unfinished houses. Massive supply building up in the pipeline.
The Most Splendid Housing Bubbles in America, January Update: Starting to Look Like a Mixed Bag by Wolf Richter • Jan 25, 2022 • 270 Comments Raging mania in Phoenix, stalling prices in Boston & Washington DC, dropping condo prices in San Francisco.
Big Drop in Home Sales, Surging Mortgage Rates, Tight Supply: The New Dynamics Shaping Up by Wolf Richter • Jan 20, 2022 • 216 Comments But wait… Supply suddenly burst from the woodwork when mortgage rates surged before the Housing Bust. And for a reason.
Time to Revisit that Crazy Lumber Price Spike that Died and Came Back to Life by Wolf Richter • Jan 13, 2022 • 142 Comments The spike was thought to be buried and relegated to history. Turns out, it was an undead spike that’s now roaming the land again, wreaking havoc
Treasury Yields & Mortgage Rates Spike: Markets Begin to Grapple with Quantitative Tightening by Wolf Richter • Jan 8, 2022 • 198 Comments This is now moving fast.
The Most Splendid Housing Bubbles in America, Dec. Update: But Prices Stalled in San Francisco, Boston, Washington by Wolf Richter • Dec 28, 2021 • 196 Comments The raging mania slows. But it’s still a raging mania.
Inventories of New Houses for Sale Highest since 2008, Worst Spike in Construction Costs in at Least 50 Years: What the Heck Is Going On? by Wolf Richter • Dec 26, 2021 • 160 Comments A look at massive distortions and massive supply in the pipeline.
