The Most Splendid Housing Bubbles in America, April 2024 Update. Biggest Price Drops from 2022 Peak in San Francisco, Seattle, Phoenix, Portland, Denver, Las Vegas, Dallas by Wolf Richter • May 28, 2024 • 217 Comments New Highs in Miami, Los Angeles, San Diego, Boston, Chicago…
Services Inflation for Japanese Businesses Spikes by Most since 1991, Bank of Japan Gets Lots of Rate-Hike Ammo by Wolf Richter • May 28, 2024 • 40 Comments Huge month-to-month jumps for second month in a row as businesses jack up their prices for new fiscal year.
Bank of England to Sell All Remaining Bonds and Use Repos Instead to Manage Liquidity & Financial Stability by Wolf Richter • May 25, 2024 • 117 Comments Back to the future: With repos, not QE, is how central banks handled issues before 2008. The Fed also revived tools to go back into that direction.
Census Bureau Revises Away 25% of Pandemic-Era Price Spike of New Single-Family Houses by Wolf Richter • May 23, 2024 • 105 Comments OK, file this away under: “Things that drive me nuts.”
Remember Headlines 2 Weeks Ago, Labor Market “Suddenly” Weakens as Unemployment Claims “Spike”: It just Got Unwound by Wolf Richter • May 23, 2024 • 78 Comments Our Favorite Recession Indicator shows next recession keeps moving further out.
Home Sales Whacked by Mortgage Rates. Active Listings & Price Reductions Jump to Highest in Years. But Sales of High-End Homes Surge by Wolf Richter • May 22, 2024 • 107 Comments This surge in sales of high-end homes changed the mix and thereby skewed the median price.
New-Vehicle Supply Turns to Glut for Many Brands. Automakers Roll out Incentives, but Not Nearly Enough by Wolf Richter • May 21, 2024 • 141 Comments Inventory gluts are resolved by lower prices that boost sales. But that part hasn’t started yet; the glut is still building.
How Home Purchases and Rentals Are Key to Bringing Down Inflation: Fed Vice Chair Jefferson Explains by Wolf Richter • May 20, 2024 • 307 Comments Fascinating: “Prices that families pay” when they buy homes “can affect their overall well-being.”
Dear Readers, Please Donate to WOLF STREET: Spring 2024 Reminder by Wolf Richter • May 19, 2024 • 55 Comments Thanks to your generous support, WOLF STREET has been free and open to all, not hidden behind a paywall.
Subprime Auto Loans Are Getting Messy by Wolf Richter • May 18, 2024 • 69 Comments Huge profits in subprime caused specialized dealers/lenders to take big risks, which came home to roost. But prime auto loans are in pristine shape
