Why the Wave of Mega-IPOs Won’t Bail Out the San Francisco & Silicon Valley Housing Bubbles, Despite All the Hype.
How Rising Home Prices & Rents Hammer the Real Economy.
Where Apartment Rents Fell & Where They Surged: March Update
House prices in Miami eke out post-collapse record, but fizzle in Las Vegas, Phoenix, Washington, DC; fall in Chicago. Cincinnati & Detroit tick down further.
San Francisco Bay Area House prices -4.3%, condos -5.7% since July, Seattle house prices -5.9%, most since Housing Bust 1; Los Angeles, San Diego, Denver, Portland, New York condos, Boston decline. Dallas ticks up.
The Risks of American Consumer Debt Hide Beneath the Averages.
And where do Chinese consumers fit in?
Inventory continues to surge. Potential buyers move on.
Residential Construction Skids, Nonresidential Construction Stagnates. The delay gave markets a break from lousy data.
But deposit-taking banks have pulled back.