I’m in Awe of How Fast the Housing Markets in Sydney & Melbourne Are Coming Unglued by Wolf Richter • Feb 1, 2019 • 77 Comments “Can we still describe this as an orderly slowdown in housing conditions?” CoreLogic
Who Bought the Gigantic $1.5 Trillion of New US Government Debt Issued over the Past 12 Months? by Wolf Richter • Jan 31, 2019 • 136 Comments China, Japan, other foreign entities dumped US Treasuries. But someone had to buy. Here’s who. So far, so good.
New House Prices Drop 12% as Supply Surges by Wolf Richter • Jan 31, 2019 • 59 Comments Unwinding years of price gains as homebuilders try to make deals.
Home Sales to Get Even Uglier in Near Future by Wolf Richter • Jan 31, 2019 • 34 Comments “Dripping down, down, down. Frustrating that the housing market is not recovering”: National Association of Realtors
Fed’s QE Unwind to Continue on Autopilot, Rate Hikes on Hold for “Common-Sense Risk Management”: Powell by Wolf Richter • Jan 30, 2019 • 111 Comments QE may restart only if things get really ugly – think Financial Crisis.
Lloyds Bank Resurrects 0%-Down Adjustable-Rate Mortgages for First-Time Buyers to Prop Up UK’s Housing Market by Don Quijones • Jan 30, 2019 • 31 Comments Desperate measures for desperate times?
The Most Splendid Housing Bubbles in America Shrink by Wolf Richter • Jan 29, 2019 • 94 Comments Seattle prices drop 5.1% in five months, most since Housing Bust 1; San Francisco Bay Area, Los Angeles, San Diego, Denver, Portland all decline.
Is China’s Debt Crackdown Hitting California’s Commercial Real Estate Bubble? by Wolf Richter • Jan 29, 2019 • 52 Comments Construction Halts on LA’s Chinese-Owned $1-Billion Oceanwide Plaza; Fretting Starts about $1.6-Billion Oceanwide Center in San Francisco.
Preparing for a Coming Winter Storm? WeWork Pivots to Minimize Risk for Itself by John McNellis • Jan 28, 2019 • 56 Comments WeWork landlords in America are likely to learn: In a down market, they’re all going to be partners, voluntarily or otherwise.
The Chilling Thing Nvidia Just Said about China & Tech by Wolf Richter • Jan 28, 2019 • 57 Comments China anguish is piling up.