Office CMBS Delinquency Rate Spikes to Record 11.7%, Much Worse than Financial Crisis Peak. Multifamily Delinquencies also Spike by Wolf Richter • Sep 1, 2025 • 9 Comments Extend-and-pretend and forbearance deals widely implemented to “cure” delinquent CRE mortgages.
30-Year Treasury Yield Stuck Near 5% on Inflation Fears, but 6-Month Yield Drops, Sees Rate Cuts, Long End of Yield Curve Steepens a Lot, Mortgage Rates still over 6.5% by Wolf Richter • Aug 30, 2025 • 98 Comments The bond market’s reaction to cocktail of inflation fears, potentially lax Fed, and Mississippi River of new debt flowing into the market.
Core Services PCE Inflation Spikes (Not Tariffed), Durable Goods Inflation (where Tariffs Hit) Turns Negative Month to Month by Wolf Richter • Aug 29, 2025 • 79 Comments Services are where two-thirds of consumer spending goes. And that’s where inflation is. But it’s no longer in rents.
US Government’s Fiscal Mess: Interest Payments on the Treasury Debt, Interest Rates, Tax Receipts, and Debt-to-GDP Ratio in Q2 2025 by Wolf Richter • Aug 28, 2025 • 71 Comments An ugly situation. But capital gains taxes and tariffs helped. And the debt ceiling covered up part of the problem.
Buyers Strike: Pending Home Sales Drop Further, Plunge in Midwest, Near Record Lows in All Regions, as Supply Balloons by Wolf Richter • Aug 28, 2025 • 85 Comments And to top it off: cancellations of pending sales rose to a record rate in July.
Still Waiting for Lower Prices, Higher Incomes, Lower Rates: Mortgage Rates Tick Up, Demand in Deep Freeze, Supply Surges by Wolf Richter • Aug 27, 2025 • 64 Comments This buyers’ strike, which started in mid-2022, completes its third year.
Manufacturing of Durable Goods on Rebound in the US by Wolf Richter • Aug 26, 2025 • 48 Comments Boeing & jet engine makers are part of it. And the other part is the rest of manufacturing.
New Single-Family Home Prices Drop Further as Inventory Glut Grows. In the South, Inventory for Sale Hits New Record by Wolf Richter • Aug 25, 2025 • 94 Comments Homebuilder Lennar’s average selling price has dropped by 19.5% from the peak three years ago.
Big Fuss in the Media about the Government’s 10% Stake in Intel, but just Giving this Cash to Intel under the CHIPS Act Was Fine? by Wolf Richter • Aug 25, 2025 • 173 Comments The media are tangled up in their own underwear about this deal, while totally onboard with sacrificing taxpayers on the altar of Biden’s policies.
The 12 Bigger Cities with the Biggest Price Declines of Single-Family Homes (-10% to -23%) through July by Wolf Richter • Aug 23, 2025 • 47 Comments Oakland, Austin, New Orleans, Cape Coral, San Francisco, Birmingham, Washington DC, Fort Myers, Denver, Portland, Phoenix, and Sarasota.
