Housing Market’s Crucial “Spring Selling Season” Is in Tatters by Wolf Richter • May 6, 2026 • 51 Comments For the 4th year in a row: Normal-ish mortgage rates, too-high prices, and the “lock-in effect” from the Fed’s reckless interest-rate repression.
New Single-Family Home Prices Drop Further amid Inventory Glut. But Lower Prices Beget Higher Sales by Wolf Richter • May 5, 2026 • 38 Comments Inventory in the South still sky-high, up 60% from March 2019. But homebuilders understand what it takes: lower prices and big incentives.
Bond Market on Edge: Treasury Yields Spike, 30-Year to 5.03%, Mortgage Rates to 6.52%, as Gulf War Reheats by Wolf Richter • May 4, 2026 • 96 Comments Which raises a question: How many more Fed rate cuts would it take in this inflationary era to drive the 30-year Treasury yield to 6%?
The US Government sold $723 billion of Treasury Securities this Week. Inflation Jumped and Met T-bill Yields by Wolf Richter • May 3, 2026 • 62 Comments 30-year Treasury yield looks like it’s setting up to break out past 5%. A rate cut while inflation is heating up could do it.
Gap between Single-Family Rents & Multifamily Rents Widens to Record as Multifamily under Pressure by Wolf Richter • May 1, 2026 • 70 Comments The big divergence of asking rents in 14 big metropolitan areas by single-family rentals and multifamily units.
Inflation in the Entire US economy Is Rocking and Rolling, and It’s Not Just Energy by Wolf Richter • Apr 30, 2026 • 140 Comments The 6-month core services PCE inflation index, accelerating since August, hit 3.7% annualized. Chip prices and software wreak havoc amid consumer electronics.
Without Government Spending & Trade, GDP Rose by 2.5% in Q1, Boosted by AI Investments. Debt-to-GDP Ticks up to 122.6% by Wolf Richter • Apr 30, 2026 • 20 Comments Consumer Spending Was OK-ish. Federal government spending spiked back partially after collapsing during the shutdown. Trade worsened.
Regime Change: Powell, Chair of Mega-QE & “Ample Reserves Regime,” to Be Replaced by Warsh, who Wants a Smaller Balance Sheet by Wolf Richter • Apr 29, 2026 • 31 Comments But Powell said he’d stay on as governor until “the investigation is well and truly over,” and promised “to keep a low profile” and support the new chair.
This Fed Meeting Must Have Been a Hoot. Fed Holds Rates amid 4 Dissents, most since 1992: 1 Dovish, 3 Hawkish by Wolf Richter • Apr 29, 2026 • 65 Comments “Inflation is elevated, in part reflecting the recent increase in global energy prices.” In part. And in part for other reasons.
Housing Unit Growth Far Outruns Population Growth: Vacant Units on the Market and the “Accidental Landlords” by Wolf Richter • Apr 28, 2026 • 92 Comments These dynamics are now moving in the right direction.
