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US-Existing-home-sales-2023-08-22-inventory

by Wolf Richter • Aug 22, 2023 • 0 Comments

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FRONT PAGE

“Locked-in” Homeowners Nevertheless Pay Off Below-4% Mortgages: their Share of All Mortgages Outstanding Drops to 55%, Lowest since Q1 2021

by Wolf Richter • Jan 20, 2025

Big changes in life, corporate switcheroos from working-remotely-forever to return-to-the-office, job changes, natural disasters, etc., force their hand.

The Big Cities with the Biggest Price Declines of Single-Family Houses or Condos from their Peaks: From -9% to -21%

by Wolf Richter • Jan 19, 2025

Austin, Oakland, New Orleans, San Francisco, Washington D.C., New York City, Detroit, Seattle, Portland, Tampa.

Bring on the Supply: Single-Family Construction Starts in 2024 Rose to 2nd Highest in 17 Years amid Budding Glut. Multifamily Starts Plunge from Boom amid Oversupply & CRE Depression

by Wolf Richter • Jan 17, 2025

But small multifamily buildings with 2-4 units dodge the CRE depression.

ECB Faces a Problem: Euro Area Services Inflation Stuck at 4.0% for 13th Month. CPI Accelerates Further, as Energy & Durable Goods Stopped Plunging

by Wolf Richter • Jan 17, 2025

Inflation far from over. ECB risks throwing fuel on top of it.

The Fed Needs to Watch Out: Amid Strong Demand from our Drunken Sailors, Retail Sales Surged in Late 2024 and Inflation Caught its Second Wind

by Wolf Richter • Jan 16, 2025

More consumers, more workers, more jobs, more money. GDPNow jumps upon these retail sales.