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HomeReal Estate

Real Estate

Price
Finance

The Most Splendid Housing Bubbles in Canada: Nationally -18% in December from Peak, Toronto -20%. Even in Calgary, House Prices Dropped. End of Easy Money

January 15, 2024 Stu Turley

Condo prices in Toronto carve out two-year low, house prices just a hair behind. By Wolf Richter for WOLF STREET. House prices in Canada have now fallen by 18% from the peak in March 2022 – or by […]

Price
Finance

Are Hopes of Lower Mortgage Rates Freezing Up the Market Further? Buyers’ Strike Continues

January 10, 2024 Stu Turley

Mortgage rates dropped a lot, but not nearly enough to hit the magic level that thaws out the housing market. Now they rose again. By Wolf Richter for WOLF STREET. Hype in the media about real estate going […]

California
Housing

California beats every state for most residents moving away for fourth year in a row: U-Haul list

January 5, 2024 Mariel Alumit

For the fourth year in a row, liberal California topped U-Haul’s Growth Index list for having the largest net outbound movers in 2023. U-Haul publishes its Growth Index report every year, analyzing the difference between the number […]

Electrical Generation / Utilities

Rooftop Solar Companies Hurting from Net Metering Changes

January 5, 2024 Mariel Alumit

Despite enormous federal and state subsidies for rooftop solar installations, the industry is failing due to a change in California’s “net metering” law that lowered the rate that rooftop homeowners could receive for their excess […]

EnergyNews

Maine towns band together to offer ‘energy navigators,’ extra funding for home energy upgrades

January 4, 2024 Stu Turley

​Communities in southern Maine are collaborating on a pilot program that aims to help residents overcome cost and logistical barriers to accessing climate-friendly home energy upgrades. Five towns and two regional nonprofits received a three-year, […]

Denver
Climate Crisis

Denver building owners face fines for continued use of natural gas

January 2, 2024 Mariel Alumit

The new year brings with it new legal expectations from the city and county of Denver that require all existing commercial, multifamily, and public buildings 25,000 square feet and larger to comply with stringent “energy […]

Price
Finance

Mortgage Rates Dropped a Lot but Clearly Not to the Magic Level. Buyers’ Strike Continues. Issue Is Price

December 28, 2023 Stu Turley

A similar drop in mortgage rates a year ago to even lower rates didn’t turn up sales volume either – on the contrary. By Wolf Richter for WOLF STREET. The dream is, or was, that mortgage rates dropped […]

Price
Finance

The Most Splendid Housing Bubbles in America, December 2023 Update

December 26, 2023 Stu Turley

Down from 2022 highs: San Francisco -12%, Seattle -11%, Portland -6%; Denver, Phoenix, Las Vegas -5%; Dallas -4%, San Diego -2%, Los Angeles -1%. But new highs in 8 metros. By Wolf Richter for WOLF STREET. Today’s S&P […]

Price
Finance

QE Giveth, QT Taketh Away: German Home Prices Tank as ECB’s Balance Sheet Drops by €1.85 Trillion

December 25, 2023 Stu Turley

Biggest home-price drops in the data going back to 2000 triggered by the biggest QT and highest rates in ECB history. By Wolf Richter for WOLF STREET. Germany is a great example of what ultra-low interest rates and […]

Price
Finance

Fly in the Ointment: Month-to-Month Rent Inflation Accelerated, Stuck at 6%+ Annualized since March

December 22, 2023 Stu Turley

But overall and “core” PCE price indexes decelerated, on plunging gasoline prices, a dip in food prices, and a continued big drop in durable goods prices. By Wolf Richter for WOLF STREET. The fly in the ointment in […]

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