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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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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