Housing Bubble Woes: Home Sales Plunge, Prices Drop 7% in 3 Months, Price Reductions Surge. Mortgage Rates Spike by Wolf Richter • Oct 20, 2022 • 172 Comments Investors are also pulling back.
Boom v. Bust: Construction Starts of Multifamily Buildings v. Single-Family Houses by Wolf Richter • Oct 19, 2022 • 154 Comments And in terms of “housing shortage” or “underbuilding?” Well, we’ll just go ahead and sink that meme.
Return of the Bond Vigilantes Sent Shockwaves Around the Globe by Wolf Richter • Oct 18, 2022 • 104 Comments Deficits didn’t matter – until raging inflation brought the bond vigilantes back to life.
Housing Bubble Woes: Plunge in Buyer Traffic & Homebuilder Confidence a Lot Faster than During Housing Bust 1 by Wolf Richter • Oct 18, 2022 • 183 Comments Holy-moly mortgage rates of 7% slash demand for new houses due to super-inflated prices, but prices are now coming down.
As Autonomous-Driving SPACs Implode, Intel Slashes Mobileye IPO Valuation Target by 60% by Wolf Richter • Oct 17, 2022 • 67 Comments Wait a minute… Why would anyone buy the shares at any price given that, after 23 years, Mobileye still loses a ton of money?
THE WOLF STREET REPORT: Return of the Bond Vigilantes Sends Shockwaves Around the Globe by Wolf Richter • Oct 16, 2022 • 224 Comments Deficits don’t matter – until the bond vigilantes ride into town.
Retail Sales & Raging Inflation by Wolf Richter • Oct 14, 2022 • 74 Comments Ecommerce sales hit record. Sales at gas stations & electronics stores fell as prices fell. Used car dealers faced buyers’ strike, new car dealers supply shortages. Food store sales up on spiking prices.
Services Now Drive Inflation: Worst in 40 Years Services CPI & “Core CPI” Show Inflation Is Entrenched in Broad Economy. Some Goods Prices Fall, Gasoline Plunges by Wolf Richter • Oct 13, 2022 • 225 Comments Health insurance up 28%. Housing costs spike. Food-away-from-home spikes most since 1981. But used vehicle CPI falls. Inflation Whac-A-Mole.
Social Security COLA for 2023 Biggest since 1981, Might Finally Outpace Inflation, Unless Inflation Dishes Up More Surprises by Wolf Richter • Oct 13, 2022 • 197 Comments Beneficiaries got whacked over the head in 2021 and 2022 by raging inflation that outran the COLAs.
