Housing Bubble Woes: Plunge in Buyer Traffic & Homebuilder Confidence a Lot Faster than During Housing Bust 1 by Wolf Richter • Oct 18, 2022 • 183 Comments Holy-moly mortgage rates of 7% slash demand for new houses due to super-inflated prices, but prices are now coming down.
Housing Bubble Woes: Home Builders Cut Prices, Pile on Incentives, amid Plunging Traffic of Buyers, Spiking Cancellations, Holy-Moly Mortgage Rates by Wolf Richter • Sep 19, 2022 • 133 Comments To prop up sales, 24% of home builders cut prices, others tried mortgage-rate buydowns or other incentives.
Mortgage Lender Woes by Wolf Richter • Sep 7, 2022 • 114 Comments Mortgage volume collapsed. And the stocks of the biggest mortgage lenders collapsed after IPO or SPAC merger.
“Housing Recession”: NAHB. Homebuilders Cut Prices as Traffic of Prospective New-House Buyers Plunges, Cancellations Spike by Wolf Richter • Aug 15, 2022 • 141 Comments Homebuilder sentiment dives 8th month in a row, their stocks are down 19% to 36% YTD despite blistering summer rally.
Big Tech & Startups Getting Ready for Reality: Shedding People, Offices, and Warehouses by Wolf Richter • Jul 27, 2022 • 126 Comments It’s kind of sobering. Reality has that effect, after a drunken binge.
Housing Bubble Getting Ready to Pop: Traffic of Prospective Buyers of New Houses Plunges, Homebuilders Cut Prices, Sentiment Dives by Wolf Richter • Jul 18, 2022 • 266 Comments Homebuilder stocks have been wobbling lower all year, now down between 24% and 40%.
My List of 23 Major US Office Markets, by Vacancy Rates Ranging from Abysmal to Just Terrible by Wolf Richter • May 16, 2022 • 111 Comments Commercial Real Estate hit by construction boom, oil bust, pandemic, working from home, now hiring freezes and layoffs. Older office towers dish out huge losses.
Mortgage Volume Gets Crushed by Spiking Interest Rates: What it Means for Future Home Sales and Consumer Spending by Wolf Richter • Apr 27, 2022 • 350 Comments The boom is over. And there are broader effects.
I Now Have to Add Netflix to my “Imploded Stocks” by Wolf Richter • Apr 20, 2022 • 219 Comments Shares collapsed by 68% since November. $205 billion evaporated. FANGMA without the N.
Now the Giant Tech Stocks and Big Four Banks Got Crushed, Airline Stocks Collapsed by Wolf Richter • Mar 7, 2022 • 120 Comments Some big gainers too, as everyone plowed into energy, mining, and fertilizers.