Home prices in Canada are falling, and some homeowners could be in serious trouble
By Wolf Richter, Wolf Street From Business Insider With Canada’s home prices no longer guaranteed to soar, and with debt at record levels and growing, households are exposed to higher rates. The Bank of Canada has raised rates twice this…
Australia’s east coast has a ballooning oversupply of houses
By Wolf Richter, Wolf Street From Business Insider Investment in the Australian housing sector has become a frantic activity, and prices have soared. This has been accompanied by a construction boom, particularly of large multi-family developments. But that construction boom…
Miami’s condo market is coming under severe stress
By Wolf Richter Wolf Street From Business Insider The Miami-Dade County condo market is coming under severe stress, and turmoil is spreading. There are two aspects: supply and sales activity overall, and the more obscure but highly indicative “preconstruction market.”…
Freight rail traffic is collapsing
By Wolf Richter, Wolf Street Total US freight rail traffic, as measured in carloads and intermodal units, fell 6.1% in the week ended October 8, from the same week last year, the Association of American Railroads reported today. It was down…
