“Pent-up Supply” Floods San Francisco Housing Market, Most Since Housing Bust by Wolf Richter • Jul 17, 2020 • 187 Comments Sellers are suddenly coming out of the woodwork. Housing market is having a moment.
Work-from-Home & Covid Resurgence Maul Office Occupancy by Wolf Richter • Jul 15, 2020 • 132 Comments There is no recovery for office space. The number of people going to the office has declined over the past four weeks.
Delta’s Passenger Revenue -94%. How it Plans to Stay Alive till “Demand Returns.” Confirms United’s Warning About Newly Waning Demand by Wolf Richter • Jul 14, 2020 • 90 Comments Shrinkage in survival mode instead of V-shaped recovery. “It will be more than two years before we see a sustainable recovery”: CEO.
US House Prices to Drop 6.6% by May 2021, First Annual Decline since Jan. 2012: CoreLogic, Owner of the Case-Shiller Index by Wolf Richter • Jul 7, 2020 • 176 Comments And this, after years of being unwaveringly bullish in its housing market predictions.
Mall and Hotel Loans Are Blowing up Commercial Mortgage-Backed Securities by Wolf Richter • Jul 5, 2020 • 123 Comments CMBS delinquency rates for retail properties spiked to 18% and for hotel properties to 24%.
Massive Shifts Underway, Rental Market Reacts in Near-Real Time: Rents Plunge in San Francisco & Oil Patch, Drop in Expensive Cities. But Long List of Double-Digit Gainers by Wolf Richter • Jul 1, 2020 • 106 Comments Rents in San Francisco are still crazy-overpriced.
Who Will Get Hit When Collateralized Loan Obligations (CLOs) Blow Up? Banks or Unsuspecting “Market Participants”? by Wolf Richter • Jun 29, 2020 • 57 Comments Answers emerge from the murky business of CLOs.
But Who Bought this Huge Pile of US Government Debt? by Wolf Richter • Jun 16, 2020 • 132 Comments Foreign holders, US banks, and US government funds all dumped. But two big players gorged on it – and one of them was the Fed.
Asset Class of Classic Cars Sinks, High-End Hits 5-Year Low, Priciest Ferraris Drop the Most. American Muscle Cars Fall to 2007 Level by Wolf Richter • Jun 15, 2020 • 113 Comments 1958 Ferrari 250 GT California Spyder LWB down 29%. But “Affordable Classics” sizzle. Here are the cars and indices.
Wow, That Was Fast: Debt Out the Wazoo by Wolf Richter • Jun 12, 2020 • 227 Comments US National Debt Spiked by $1 trillion in 5 weeks to $26 trillion. Fed monetized 65%. Business debts spike to high heaven.
