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HomeHousing

Housing

green home upgrades
Housing

Groups call for stronger protections for green home upgrades

April 24, 2024 Mariel Alumit

Citizens Advice, Energy UK, Which? and Nationwide have jointly requested Energy Secretary Claire Coutinho to promptly review consumer protections for individuals undertaking green home upgrades. This request follows a letter to Ms Coutinho, which highlights […]

Prices
Finance

Prices of New Houses v. Existing Houses: Why New-House Sales Held Up as Existing-House Sales Plunged

April 23, 2024 Mariel Alumit

Here’s why: New house prices -18% from peak, back to Nov 2021, further sweetened by mortgage-rate buydowns. By Wolf Richter for WOLF STREET. The median-price of new single-family houses at all stages of construction that were sold in […]

Home
Finance

The Most Splendid Housing Bubbles in Canada: Home Prices Dip Further, -14% from Peak in March 2022, Now Below Sep 2021

April 12, 2024 Mariel Alumit

Condos in Toronto hit 28-month low.  But Vancouver house prices only -3.9% from peak in 2022. Calgary house prices jump to new high; oil boom helps. By Wolf Richter for WOLF STREET. Condo prices in Canada fell 0.7% […]

Energy costs
Energy Crisis

Energy costs to increase for poorly insulated homes

April 3, 2024 Mariel Alumit

Under Ofgem’s newly implemented price cap effective from April, households inhabiting poorly insulated homes, categorised as band F on the Energy Performance Certificate (EPC) scale, will experience an average increase of approximately £340 in their […]

House Prices
Finance

The Most Splendid Housing Bubbles in Canada: National House Prices Flat in Feb., -16% from Peak, Condos Drop Further, on Bank of Canada’s 5% and Massive QT

March 19, 2024 Mariel Alumit

Toronto condos drop to 28-month low, Vancouver house prices -4% from peak in 2022 but condos near high. Calgary houses set new highs. By Wolf Richter for WOLF STREET. House prices in Canada were unchanged in February compared […]

CRE Mortgages
Finance

Who’s on the Hook for Multifamily CRE Mortgages? #1 Taxpayers, far ahead of #2 Banks

March 18, 2024 Mariel Alumit

By Wolf Richter for WOLF STREET. The multifamily segment of Commercial Real Estate – apartments – is holding up better than office, retail (the Brick-and-Mortar Meltdown since 2017), and lodging, though it’s cracking too with some spectacular defaults […]

energy
Energy Transition

Solving energy poverty was a liberal cause, but green energy policies may have made it much worse

March 13, 2024 Mariel Alumit

Fighting energy poverty is a cause many liberal organizations claim to champion, and often the solution they propose is a transition away from fossil fuels. As energy costs rise and people take a closer look […]

Core Services
Finance

Worst Monthly Spike of “Core Services” PCE Inflation in 22 Years, and Not Just Housing: Powell’s Gonna Have Another Cow

February 29, 2024 Mariel Alumit

Core services inflation dished up bad head fakes last time we had this mess in 1966-1982. Mention of a rate hike crops up in a Fed speech. By Wolf Richter for WOLF STREET. Over the past year or […]

homes
Energy Policy

Homebuilders Are Fighting Green Building. Homeowners Will Pay.

February 28, 2024 Stu Turley

Back in the 1990s, political guru James Carville said he wanted to be reincarnated as the bond market because it could “intimidate everybody.” Here in the 2020s, you might prefer to come back as a […]

Solar
Energy Transition

The Rooftop Solar Industry Could Be on the Verge of Collapse

February 28, 2024 Mariel Alumit

A decade ago, someone knocking on your door to sell you solar panels would have been selling you solar panels. Now, they are probably selling you a financial product—likely a lease or a loan. Mary […]

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