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HomeReal Estate

Real Estate

Active Listings
Finance

Here Comes the Housing Inventory as Sales Plunge: Active Listings Explode in Tampa, Orlando, Denver, San Diego, Jacksonville, Miami and Surge in other Metros

July 9, 2024 Mariel Alumit

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, […]

The Most Splendid Housing Bubbles
Finance

The Most Splendid Housing Bubbles in Europe: Biggest Price Drops in Germany, Finland, Sweden, Austria, France, Denmark

July 7, 2024 Mariel Alumit

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 […]

CMBS
Finance

It Gets Still Messier with CRE Loans, Bottom Not in Sight: CMBS Delinquencies for Office, Retail, Lodging Lead the Parade

July 3, 2024 Stu Turley

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) […]

Prices
Finance

The Most Splendid Housing Bubbles in Canada, May 2024: Prices Drop Further, -14.4% from Feb 2022 Peak, -2.4% YoY, back to Sep 2021. Spring Rally Dud

June 17, 2024 Stu Turley

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 […]

Banks
Finance

Nonresidential CRE Loans Are Leaving Skid Marks on Banks

May 30, 2024 Mariel Alumit

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
Energy Crisis

Community solar struggles in California could ripple nationally

May 9, 2024 Mariel Alumit

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, […]

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 […]

Mortgage Rates
Finance

Mortgage Rates over 7% and Heading Higher, Housing Market Still Frozen, Lots of Buyers on Strike as Prices Still Too High

April 17, 2024 Mariel Alumit

All that makes sense, but why are there still any cash-out refis when people could take cash out via HELOCs, without losing a 3% mortgage? By Wolf Richter for WOLF STREET. Mortgage rates continue to trudge higher from […]

rat
International News

NYC faces major rat urine problem 

April 13, 2024 Mariel Alumit

  Health authorities have issued an advisory as cases of human leptospirosis have hit a record high New York City health authorities have recorded a significant rise in cases of human leptospirosis, a disease caused […]

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