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Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Oh dear, Vancouver, Calgary, Edmonton, and Winnipeg. But there are some warm-spots too. June is generally a strong month for house prices in Canada, according to … Read more
via WSJ: “Football great Joe Montana is giving up his castle—a roughly 500-acre European-style estate in California wine country—for $28.9 million, or 41% less than he first sought a … Read more
China’s credit & housing bubbles TOO BIG TO FAIL, and therefore WILL NOT FAIL. Will be artificially supported by CNY printing & lending without limits. The outcome? An eventual massive … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter New York, San Francisco condo prices fall year-over-year. Seattle house prices flat year-over-year. After earlier declines, Denver, Boston hit new highs. Miami, Phoenix, Las Vegas try … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Vancouver housing bubble sags. Toronto down 3.4% from peak. Calgary and Edmonton back to 2007. Montreal sets new record. National index ticks up the least for … Read more
by Charles Hugh-Smith All asset “wealth” in credit-asset bubble dependent economies is contingent and ephemeral. A funny thing happens to “wealth” in a bubble economy: it only remains “wealth” if the … Read more
by David Haggith These are not the tiny champagne bubbles Don Ho used to sing about, but those greenish-gray floats of foam that pile up against harbor docks where the … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter New York condo prices flat year-over-year. San Francisco, SoCal, Seattle year-over-year gains shrink to near nothing. Las Vegas flat for sixth month. Miami & Phoenix at … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Chicago, Dallas-Fort Worth, Atlanta, Minneapolis, Charlotte, Detroit, Cleveland. In the 20 US housing markets covered by the CoreLogic Case-Shiller Home Price Index, there are some that … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Vancouver prices drop. Toronto down 3.7% from peak, flat for 10 months. Winnipeg plunges most since at least 1990. Quebec City flat for 6 years. In … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter House prices set post-collapse record in Miami, flatten out in Las Vegas, Phoenix & once red-hot Charlotte, linger below Oct 2018 levels in Washington, DC & … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Condo prices fall year-over-year in New York. In San Francisco, SoCal, & Seattle, year-over-year price gains shrink to nearly nothing. Despite the hype, Boston prices decline. Denver, … Read more
by Charles Hugh-Smith Given that the economy is now totally and completely dependent on inflating asset bubbles, it makes no sense to invest for the long-term. Beneath the endlessly hyped … Read more
BY JOHN RUBINO After raising interest rates and getting slapped around by the markets last year, the Fed now appears to accept that future monetary policy can only be easy, even … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter In Greater Vancouver, BC, Canada, house prices fell 0.5% in March from February, the eighth month in a row of declines, according to the Teranet-National Bank House … Read more
