Wolf Richter

Treasury Market Sees No Rate Cut by Sept., 30-Year Treasury Yield Near 5%: The Yield Curve and “Real” Mortgage Rates. The home-price explosion of 50%+ from mid-2020 to mid-2022 was driven by deeply negative “real” mortgage rates. Now they're back to normal wolfstreet.com/2025/07/25/tre…

Treasury Market Sees No Rate Cut by Sept., 30-Year Treasury Yield Near 5%: The Yield Curve and “Real” Mortgage Rates. At the long end, the bond market is nervous wolfstreet.com/2025/07/25/tre…

Inventory of New Single-Family Homes Spikes to Highest since 2007; in the South, Shoots Past Housing Bust High. Sales and Prices Drop wolfstreet.com/2025/07/24/inv… In the South, dominated by Florida & Texas:

Inventory of New Single-Family Homes Spikes to Highest since 2007; in the South, Shoots Past Housing Bust High. Sales and Prices Drop. Homebuilders cut prices, bring on supply; profits plunge back to earth. Medicine this overpriced housing market needs wolfstreet.com/2025/07/24/inv…

Single-Family Home Sales Drop Below 1995, Supply Highest since 2016. Condo Sales at Low in the Data, Supply at Housing Bust Level wolfstreet.com/2025/07/23/sin…

Single-Family Home Sales Drop Below 1995, Supply Highest since 2016. Condo Sales at Low in the Data, Supply at Housing Bust Level. After the price explosion comes the hangover. wolfstreet.com/2025/07/23/sin…

The 10 Bigger Cities with the Biggest Price Declines of Single-Family Homes (-9% to -23%) from Peak to June: Austin, Oakland, New Orleans, San Francisco, Birmingham, Washington DC, Fort Myers, Denver, Portland, Phoenix wolfstreet.com/2025/07/22/the…

Where Americans Spend their Trillions a Year on Goods and How that Changed Over Time. Where they spend has changed dramatically, with only two winners that gained share among the retailer categories. The rest lost share, some are getting wiped out wolfstreet.com/2025/07/21/whe…

The 19 Bigger Cities with the Biggest Price Declines of Condos (-12% to -24% from Peak through June) Oakland, Austin, San Francisco, Denver, Tampa, Seattle, Fort Myers, Sarasota, Boise, Jacksonville, Detroit, New Orleans Portland Naples Mesa Aurora Reno... wolfstreet.com/2025/07/19/the…

The Foreign Investors Who Bought the Recklessly Ballooning US Debt: July 2025 Update. US Treasury debt surged by $441 billion since the debt ceiling, to $36.7 trillion. Foreign demand for this stuff is an increasingly important issue wolfstreet.com/2025/07/18/the…

My Thoughts about those June Retail Sales Tariff-frontrunning ruffled the numbers earlier. That dust has settled wolfstreet.com/2025/07/17/my-…

The Most Splendid Housing Bubbles in America, June 2025: The Price Drops & Gains in 33 Large Expensive Metros US home prices nearly flat YoY overall, but fell in 21 of our 33 metros wolfstreet.com/2025/07/16/the…

The Most Splendid Housing Bubbles in America, June 2025: The Price Drops & Gains in 33 Large Expensive Metros US home prices nearly flat YoY, fell in 21 of our 33 metros: Austin Tampa Miami San Diego San Jose San Francisco Los Angeles San Antonio Dallas... wolfstreet.com/2025/07/16/the…

The Most Splendid Housing Bubbles in Canada, June 2025: Single-Family & Condo Prices Plunge to Multi-Year Lows in Toronto, Hit Record High in Montreal. And everything in between: Vancouver, Victoria, Calgary, Ottawa, Halifax, Edmonton Quebec City Winnipeg wolfstreet.com/2025/07/15/the…

Fed Nightmare: CPI Inflation in Services Reheats (not tariffed), while Inflation in Durable Goods, Apparel, Footwear (tariffed) Remains Cool While pundits looked with magnifying glasses for tariffs in goods prices it's in services where inflation heated up wolfstreet.com/2025/07/15/fed…

Homes for Sale Also Surge in Washington D.C., Boston, New York, Philadelphia, Chicago, and Detroit, but Are Still Very Low. They’re among the stragglers, behind other big markets whose inventories have shot up to at least decade-highs wolfstreet.com/2025/07/14/hom…

30-Year Treasury Yield Jumps to 4.96% despite “Solid” Auction, Long End of Yield Curve Steepens, Mortgage-Rate Spread Historically Wide. Bond market’s reaction to the inflationary environment, to fears of a lax Fed, and to a Mississippi River of new debt wolfstreet.com/2025/07/12/30-…

Inventory of Homes for Sale Blows Out in Texas, Price Cuts Spike. The situation in Texas and its four big metros, Houston, Dallas-Fort Worth, Austin, and San Antonio wolfstreet.com/2025/07/11/inv…

Inventory of Homes for Sale Blows Out in Texas, Price Cuts Spike. Price cuts and lower prices in general are what it takes in this market where prices had exploded in prior years, where demand has then fizzled, and where inventory is now blowing out wolfstreet.com/2025/07/11/inv…