Americans Blow Off Fed Propaganda Inflation is “Temporary” by Wolf Richter • Nov 8, 2021 • 195 Comments Inflation expectations are now totally unanchored.
What’s Happening with the Massive Delinquencies of FHA High Risk & Subprime Mortgages Now that Foreclosure Bans Ended? by Wolf Richter • Nov 7, 2021 • 190 Comments 8.5% of FHA mortgages are still seriously delinquent — accounting for half of all seriously delinquent mortgages.
Zillow Comes Unglued, Lost $1.4 Billion on Flipping Houses since 2019, Bails Out, Lays Off 25% of Staff, Stock Plunges Further by Wolf Richter • Nov 2, 2021 • 146 Comments Another one of the most hyped Wall Street schemes belly-flops.
House Flipper Zillow Seeks to Dump 7,000 Houses to Big Investors after Reports it Overpaid: Buy High, Sell Low, Take “One-Time Noncash Charge?” by Wolf Richter • Nov 1, 2021 • 187 Comments How Zillow helped whip house prices higher and got caught with its pants down (AI = artificial idiocy?).
Rents Spiked 10% to 25% in Half the Cities in October: How it’ll Push Up CPI Next Year, Ridiculing Fed’s “Transitory” Inflation by Wolf Richter • Oct 27, 2021 • 85 Comments Everywhere but San Francisco? Only 11 of the 100 largest cities showed any year-over-year rent declines at all.
House Construction Costs Spike Most since 1979 amid Materials Shortages. Unfinished Houses Pile Up, Total Inventory Highest since 2008. Prices Spike as Lower End Dies by Wolf Richter • Oct 26, 2021 • 121 Comments A peek into the glass and windows shortage.
Fear of Rising Mortgage Rates Meets Fizzling Pandemic-Frenzy? Prices of Existing Homes Fall for 3rd Month. But, But, But… by Wolf Richter • Oct 21, 2021 • 99 Comments Maybe house-flipper Zillow saw something in its data when it decided to stop buying houses.
The Most Splendid Housing Bubbles in America: Holy Cow, September Update by Wolf Richter • Sep 28, 2021 • 322 Comments Even the Fed is getting antsy about this raging mania house-price inflation. Housing Bubble 1 is starting to look cute in comparison.
Red-Hot Rents to Fire Up CPI Inflation Just When “Temporary” Is Supposed to Unwind It by Wolf Richter • Sep 27, 2021 • 142 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 • 253 Comments Sales of new single-family houses fall 24% from a year ago. The lower end has died.
