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HomeReal Estate

Real Estate

Office
Finance

Office Vacancy Rate in the US Worsens to Record 22.6% in Q1 amid Federal Government Lease Terminations

April 25, 2025 Clark Savage

But it may take a while before these federal lease terminations work their way into CRE delinquency rates. By Wolf Richter for WOLF STREET. Vacant office space in the US grew by an additional 8.06 million square feet […]

Sales of Existing Homes
Finance

Sales of Existing Homes Drop to Worst March since 2009. West, South, Midwest, Northeast All Get Crushed. Supply Surges to Highest since 2016

April 24, 2025 Mariel Alumit

The 3-year 50% price explosion has caused epic demand destruction. Prices are way too high. But mortgage rates are back in the historically normal range above 6%. By Wolf Richter for WOLF STREET. The feverishly anticipated spring selling […]

Houses
Finance

Inventory of New Houses for Sale Stuck at Highest Level since 2007, Driven by Gluts in the South & West. Prices Fall, Incentives Soar, Sales Rise

April 23, 2025 Mariel Alumit

Homebuilders get more aggressive to sell the inventory, but prices are still far too high. By Wolf Richter for WOLF STREET. Despite huge inventories of new houses for sale, including completed houses, homebuilders have continued to build homes […]

Florida
Finance

In 15 Bigger Cities, Condo Prices Already -10% to -22%, 5 Are in Florida with Accelerating Drops. Absurdity Comes Unglued

April 22, 2025 Mariel Alumit

Austin, Oakland, Saint Petersburg (FL), San Francisco, Chula Vista, Detroit, New Orleans, Denver, Jacksonville, Naples, Tampa, Mesa, Portland, Seattle. By Wolf Richter for WOLF STREET. Condos are often the first and biggest movers in local housing markets. Prices […]

Canada
Finance

The Most Splendid Housing Bubbles in Canada, March 2025: Sales Plunge, Supply Surges, Overall Prices Drop to Multi-Year Lows, Driven by Toronto

April 15, 2025 Mariel Alumit

But in some metros, prices continued to spike. By Metro: Toronto, Vancouver, Victoria, Calgary, Ottawa, Montreal, Halifax, Edmonton, Winnipeg, Quebec City. By Wolf Richter for WOLF STREET. As sales plunged and supply surged, prices of single-family properties in […]

Texas
Finance

Shadow Inventory of Vacant Homes Suddenly Piles on the Market in Texas. New Listings, Active Listings Spike to Highest for March in Many Years

April 9, 2025 Mariel Alumit

Houston, Dallas-Fort Worth, Austin, San Antonio: Even as sales plunge, vacant homes pile on the market that were held off the market during Covid. By Wolf Richter for WOLF STREET. The inventory of vacant homes is coming out […]

Florida
Finance

Inventories of Existing Homes in Florida Spike in March to Highest since at Least 2016, Massive Jumps in Tampa, Miami, Orlando, as Buyers Are on Strike

April 5, 2025 Clark Savage

These sellers have to compete with inventory of new houses that in the South is now above Housing Bust highs. By Wolf Richter for WOLF STREET. Inventory is piling up in Florida. Active listings jumped by 5.9% in […]

New Houses
Finance

In the West, Inventory of New Houses for Sale Jumps to Highest since 2007. In the South, it’s Bigger than During Housing Bust

March 25, 2025 Mariel Alumit

Bring on the new houses! Prices drop amid homebuilders’ efforts to sell the inventory. By Wolf Richter for WOLF STREET. Inventories of completed new single-family houses for sale in February jumped by 34% year-over-year, and by 55% from February […]

Climate Crisis

California’s Post-Wildfire Blame Game Hits Absurd New Heights With Latest Bill

March 22, 2025 Stu Turley

California’s SB 222 lets wildfire victims sue oil companies, worsening insurance and consumer costs while ignoring real issues. ​It’s not exactly unheard of for California’s progressive lawmakers to introduce ideologically driven bills designed to make a […]

Condos
Finance

Where Condos Already Came Unglued: 10 Big Cities with Price Drops from 10% to 22% from Peak

March 21, 2025 Mariel Alumit

Austin, Oakland, San Francisco, Detroit, New Orleans, Jacksonville, Denver, Portland, Seattle, Mesa. Tampa is almost there, as are other markets. By Wolf Richter for WOLF STREET. Here are 10 big cities where condo prices have dropped by 10% […]

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