A year and a half since Massachusetts introduced an optional new building code aimed at lowering fossil fuel use, climate activists are heartened by how quickly cities and towns are adopting the new guidelines. […]
A game-changer is underway. Even the NAR concedes this “shift from a seller’s market to a buyer’s market.” By Wolf Richter for WOLF STREET. Mortgage rates have dropped to about 6.8%, down by a full percentage point from […]
The largest mall landlord has shed 38% of its shopping centers since 2012. It saw what was coming. So here’s one more. By Wolf Richter for WOLF STREET. Simon Property Group [SPG], the largest mall landlord in the […]
Powell to Congress: Higher rates are “the absolute best thing we can do for the housing market…” – “…particularly for younger people who are not yet in the housing market.” By Wolf Richter for WOLF STREET. However we […]
Listing prices in June flat YoY and below June 2022. Mortgage rates still at 7%. Prices way too high. Something has to give. By Wolf Richter for WOLF STREET. New listings of homes for sale have been rising, […]
By Wolf Richter for WOLF STREET. Location, location, location, I mean, country, country, country is the mantra in real estate. We’re going on a wild ride across sales prices of existing homes (“dwellings”) of all types in the […]
So let’s extend and pretend, please? But industrial still in pristine condition, multifamily limping along. By Wolf Richter for WOLF STREET. The delinquency rates of commercial real estate mortgages that have been securitized into commercial mortgage-backed securities (CMBS) […]
Sales drop further, new listings & inventory rise. Prices: Toronto -16% from peak. Vancouver flat for 9 months, -2.5% from peak. Calgary & Quebec hit new highs. Edmonton condos back to Dec 2006! By Wolf Richter for WOLF […]
They’re only a small-ish part of the banking industry’s overall loan book. But some banks are more exposed than others. By Wolf Richter for WOLF STREET. Banks are still very profitable. The industry reported quarterly net income of […]
California regulators are weighing a plan that solar companies warn could derail a type of solar project crucial to the Biden administration’s goal of decarbonizing the U.S. grid. Unlike rooftop solar that serves one home, […]
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