The “Lock-in Effect” and Mortgage Rates: Update on Unwinding a Phenomenon that Wrecked the Housing Market by Wolf Richter • Sep 29, 2025 • 129 Comments This is going to take a long time to get worked out.
Pending Home Sales Rise from Near-Record Lows, Zigzag along those Lows, -43% from 2020, -30% from 2019: Charts Speak by Wolf Richter • Sep 29, 2025 • 47 Comments A bigger rise in March got more than wiped out by a drop in April. That’s how it goes with zigzagging month-to-month data.
Corporate Profits in Nonfinancial Industries Plunge by Most Ever in $, amid Massive Downward Revisions by Wolf Richter • Sep 27, 2025 • 93 Comments But profits are still huge after the pandemic free-money spike, except in auto manufacturing where losses pile up. Financial industry profits hit new record.
Inflation Is in Services despite Powell’s Denials: PCE Price Index for Core Services Accelerated Further. Durable Goods Prices Fell for 2nd Month by Wolf Richter • Sep 26, 2025 • 121 Comments The 12-month overall PCE & core PCE price indices, which the Fed uses for its target, are worse than a year ago.
Sales of Existing Single-Family Homes Crushed Further, Supply at 2016 Levels. Condo Sales Near Low in the Data, Supply at Housing Bust Levels by Wolf Richter • Sep 25, 2025 • 65 Comments Price declines and increases vary dramatically in different markets.
What Slowdown? Q2 GDP Growth Revised Up to Hot Zone of 3.8%, Stronger Consumer Spending & Private Fixed Investment by Wolf Richter • Sep 25, 2025 • 57 Comments Government consumption and inventories were a bigger drag though. All adjusted for inflation.
Inventory of New Completed Single-Family Homes Jumps to Highest since 2009, but Sales of New Homes See Outlier Spike in the South, Prices Skid: Some Thoughts by Wolf Richter • Sep 24, 2025 • 36 Comments Homebuilders rant about the tough market.
The 14 Bigger Cities with the Biggest Price Declines of Single-Family Homes (-10% to -24%) through August by Wolf Richter • Sep 23, 2025 • 103 Comments Oakland, Austin, New Orleans, Cape Coral, San Francisco, Birmingham, Washington DC, Fort Myers, Denver, Portland, Phoenix, Sarasota, Naples, Hayward.
Longer-Term Treasury Yields & Mortgage Rates Jump after Rate Cut, Yield Curve Steepens, Bond Market Gets Edgy by Wolf Richter • Sep 21, 2025 • 106 Comments Bond market reacts to inflation expectations and supply of new bonds, not the Fed’s policy rates.
What It Takes to Sell Homes: Lennar Cuts Average Selling Price Below its 2019 Level, and its Home Sales Held Up by Wolf Richter • Sep 19, 2025 • 103 Comments But the hot air was let out of pandemic-era gross margins, operating earnings, and net income. Sellers of existing homes should pay attention.
