Glut of New Houses for Sale in the South Is Bigger Even than during the Housing Bust. The Glut in the West Gets Close by Wolf Richter • Jan 28, 2025 • 122 Comments Prices Are Still Way too High. Something has to give.
Inventory of New Completed Single-Family Houses for Sale Spikes to Highest since 2007. Builders Prop Up Sales with Lower Prices, Bigger Incentives, Smaller Houses by Wolf Richter • Jan 27, 2025 • 122 Comments Sales of new houses in 2024 were decent, while massive demand destruction crushed sales of existing houses because prices are way too high.
DOGE Seeks to Shed Vast Amounts of Government Office Space. Here’s How Much the Government Leases, and Where, and What Leases it Can Shed During Trump’s Term by Wolf Richter • Jan 25, 2025 • 155 Comments For CRE, the motto in 2024 was “Survive till 2025” via extend-and-pretend. Now it’s 2025, and here comes the government’s office space.
Sales of Existing Homes Finally Begin to Thaw a Little, amid Highest Supply for December since 2018 by Wolf Richter • Jan 24, 2025 • 96 Comments 2024 was the worst year since 1995 for sales because prices are too high after the 50% spike in 2019-2022.
Collapse of the Solar Stocks by Wolf Richter • Jan 23, 2025 • 133 Comments This is about stock market craziness, not about solar power.
Subprime, Prime, and Overall Auto-Loan Delinquency Rates: Why this Surge in “Subprime” Delinquencies when “Prime” Is Pristine? by Wolf Richter • Jan 22, 2025 • 55 Comments We’re in the 4th cycle of the subprime profit motive after auto-loan securitizations became a thing in the early 1990s.
“Locked-in” Homeowners Nevertheless Pay Off Below-4% Mortgages: their Share of All Mortgages Outstanding Drops to 55%, Lowest since Q1 2021 by Wolf Richter • Jan 20, 2025 • 172 Comments Big changes in life, corporate switcheroos from working-remotely-forever to return-to-the-office, job changes, natural disasters, etc., force their hand.
The Big Cities with the Biggest Price Declines of Single-Family Houses or Condos from their Peaks: From -9% to -21% by Wolf Richter • Jan 19, 2025 • 114 Comments Austin, Oakland, New Orleans, San Francisco, Washington D.C., New York City, Detroit, Seattle, Portland, Tampa.
Bring on the Supply: Single-Family Construction Starts in 2024 Rose to 2nd Highest in 17 Years amid Budding Glut. Multifamily Starts Plunge from Boom amid Oversupply & CRE Depression by Wolf Richter • Jan 17, 2025 • 81 Comments But small multifamily buildings with 2-4 units dodge the CRE depression.
ECB Faces a Problem: Euro Area Services Inflation Stuck at 4.0% for 13th Month. CPI Accelerates Further, as Energy & Durable Goods Stopped Plunging by Wolf Richter • Jan 17, 2025 • 21 Comments Inflation far from over. ECB risks throwing fuel on top of it.
