As Life Happens, “Locked-in” Homeowners Pay Off Below-4% Mortgages: Share Drops to 54%, Lowest since Q4 2020 by Wolf Richter • Apr 1, 2025 • 47 Comments Conversely, the share of 6%-plus mortgages outstanding surges to the highest since 2016.
Underlying Labor Market Dynamics Still Tight Despite Highest Gov Layoffs & Discharges since Census Wind-Down of 2020 by Wolf Richter • Apr 1, 2025 • 15 Comments Hiring Begins to Shift to Private-Sector where Hiring Jumped, while Hiring by Governments Slumped.
Status of US Dollar as Global Reserve Currency: Central Banks Diversify into Other Currencies and Gold by Wolf Richter • Mar 31, 2025 • 114 Comments The surge of the “nontraditional reserve currencies.”
Inflation Galore Now: Fed Started Rate Cuts at the Low Point 6 Months Ago, just as Inflation Began to Resurge by Wolf Richter • Mar 28, 2025 • 105 Comments Core PCE price index jumps MoM by most in 13 months on Non-Housing Services. Recreational Services blow out. Durable Goods continue 6-month trip out of deflation.
US Government Fiscal Mess: Debt, Deficit, Interest Payments, and Tax Receipts: Q4 2024 Update on an Ugly Situation by Wolf Richter • Mar 27, 2025 • 162 Comments The Deficit-to-GDP ratio and Debt-to-GDP ratio get even uglier.
In the South & West, Pending Sales of Existing Homes Mark Worst February in the Data, as Inventories in Florida, Texas, California Surge by Wolf Richter • Mar 27, 2025 • 52 Comments Frozen sales meet ballooning inventories.
Home Buyers Still on Strike, Waiting for Lower Prices, Lower Rates, and Higher Incomes by Wolf Richter • Mar 26, 2025 • 107 Comments Demand for mortgages to purchase a home has plunged by nearly double the rate of sales of existing homes.
In the West, Inventory of New Houses for Sale Jumps to Highest since 2007. In the South, it’s Bigger than During Housing Bust by Wolf Richter • Mar 25, 2025 • 87 Comments Bring on the supply of new houses! Prices drop, as homebuilders try to sell the inventory, but are still far too high.
SPAC Implosion Keeps on Giving: Genetic Data of 15 Million Customers up for Grabs at 23andMe Bankruptcy Auction by Wolf Richter • Mar 24, 2025 • 79 Comments California Attorney General urges Californians to direct 23andMe to delete their genetic data and samples.
Services Activity Jumps in March, Cost Pressures from Tariffs & Staffing Well Up by Wolf Richter • Mar 24, 2025 • 44 Comments But “competition limited the pass-through of higher costs to selling price … which will harm profits.”
