2+ hour, 6+ min ago   (884+ words) Those rent increases fired up the construction machinery: From January 2020 through June 2026, multifamily mid-tier asking rents across the US surged by 33%, led by the metropolitan areas of Denver, CO (+69%); Seattle, WA (67%); Salt Lake City, UT (+67%); Los Angeles, CA (+65%); Portland, OR…...

3+ week, 17+ hour ago   (1047+ words) And the government’s solution to the mess, supported by the Fed, has been to “let it run hot”: higher nominal economic growth and higher inflation – instead of fiscal responses. Interest payments by the federal government on its gargantuan Treasury debt…...

1+ mon, 2+ week ago   (693+ words) The AI investment bubble is starting to produce a giant sucking sound of cash out of stock-market investors’ accounts as Corporate America raises enormous amounts of cash through sales of newly issued shares at mindboggling stratospheric valuations. There will be…...

2+ mon, 1+ week ago   (869+ words) Housing bubbles entail employment bubbles at mortgage lenders and mortgage brokers. And housing busts then dramatically unwind those employment bubbles as mortgage lenders and brokers react to plunging demand in the housing market. Employment at nonbank mortgage lenders – which dominate…...

2+ mon, 2+ week ago   (392+ words) Please forgive me for not being able to thank you individually. I’m a true one-man show, and I simply do not have the time to reach out to you to thank you personally. If you missed the donation reminder and…...

2+ mon, 4+ week ago   (463+ words) The trend has been down, but very slowly, with the share of Working from Home (WFH) declining at an average rate of only around 1 percentage point per year, despite all the efforts to force it to happen. And the share…...

3+ mon, 5+ day ago   (1921+ words) Your donations also show me that what I’m doing here matters to you – a wonderful feeling. Thank you for your generous support over the years, for coming to WOLF STREET, and for your 579,556 mostly excellent and fun comments!! Many of…...

3+ mon, 1+ week ago   (408+ words) In some of the 19 largest countries by GDP in the European Union (EU) and in the European Economic Area (EEA), prices of existing homes of all types have skyrocketed to new highs, led by Hungry (+23.7% year-over-year), Portugal (+20.9% year-over-year), and Bulgaria…...

3+ mon, 3+ week ago   (519+ words) Farm Action – “a nonpartisan agricultural watchdog organization led by farmers,” as it describes itself – has been lambasting the concentration in the agricultural system, an issue that is becoming even more urgent amid the current pressures in fertilizer pricing. “Waves of…...

3+ mon, 3+ week ago   (1098+ words) On one side, there are the tech layoff announcements, often to clean up what tech CEOs widely called “over-hiring” to describe what they’d done in 2020-2022, when their payrolls exploded; Block CEO Jack Dorsey was the latest on X, “yes we…...