Housing Bubble Getting Ready to Pop: Mortgage Applications to Purchase a Home Drop to Lockdown Lows, “Bad Time to Buy” Hits Record amid Sky-High Prices, Spiking Mortgage Rates

  • Post category:Finance

Yves here. The hawkish Fed relentlessly pushing up interest rates was bound to hit housing at some point. The open question is how large the price corrections will be and…

Continue ReadingHousing Bubble Getting Ready to Pop: Mortgage Applications to Purchase a Home Drop to Lockdown Lows, “Bad Time to Buy” Hits Record amid Sky-High Prices, Spiking Mortgage Rates

Links 6/8/2022

  • Post category:Finance

Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real…

Continue ReadingLinks 6/8/2022

Links 6/7/2022

  • Post category:Finance

Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real…

Continue ReadingLinks 6/7/2022

Italy Secret Services Attack on Ukraine War Skeptics Backfires: Corriere della Sera Publication of “filoputiniani” List Called McCarthyism, Proscription; Suits Coming?

  • Post category:Finance

It looks like the efforts to bolster the creaky European consensus for continuing to provide unquestioning military and economic support for Ukraine is starting to backfire. Even though the Orban…

Continue ReadingItaly Secret Services Attack on Ukraine War Skeptics Backfires: Corriere della Sera Publication of “filoputiniani” List Called McCarthyism, Proscription; Suits Coming?

Links 6/4/2022

  • Post category:Finance

Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real…

Continue ReadingLinks 6/4/2022

The War Situation Has Developed Not Necessarily to Ukraine’s or the West’s Advantage But They Plan to Negotiate When They’ve Turned Things Around a Bit

  • Post category:Finance

Just because Russia has been slow and methodical about grinding up Ukraine’s army and materiel in Donbass does not mean that there’s reason to think Ukraine can turn its losses…

Continue ReadingThe War Situation Has Developed Not Necessarily to Ukraine’s or the West’s Advantage But They Plan to Negotiate When They’ve Turned Things Around a Bit

Links 6/1/2022

  • Post category:Finance

Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real…

Continue ReadingLinks 6/1/2022

Links 5/31/2022

  • Post category:Finance

Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real…

Continue ReadingLinks 5/31/2022

CalPERS Staff in Fury Over Covid Negligence, Regulation-Breaking Risking Staff, Seniors, and Day-Care Children; CalPERS Lies About Cases and Lack of Compliance

  • Post category:Finance

A Covid outbreak at the CalPERS’ headquarters buildings in Sacramento has become so severe that the SEIU Local 1000 District Labor Council 781 President Hoang-Van Nguyen, who represents staff in…

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Link 5/28/2022

  • Post category:Finance

Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real…

Continue ReadingLink 5/28/2022

Links 5/25/2022

  • Post category:Finance

Lambert and I, and many readers, agree that Ukraine has prompted the worst informational environment ever. We hope readers will collaborate in mitigating the fog of war — both real…

Continue ReadingLinks 5/25/2022

Housing Bubble Getting Ready to Pop: Unsold Inventory of New Houses Spikes by Most Ever, to Highest since 2008, with 9 Months’ Supply, Sales Collapse at Prices below $400k

  • Post category:Finance

Yves here. Even though Wolf Richter sometimes likes hair on fire headlines, here the alarm is warranted. The fall in housing prices and pileup of new home inventory is a…

Continue ReadingHousing Bubble Getting Ready to Pop: Unsold Inventory of New Houses Spikes by Most Ever, to Highest since 2008, with 9 Months’ Supply, Sales Collapse at Prices below $400k