Today's Real Estate Investing Pulse
Housing Prices Slip 2.4% as Buyers Return, Pending Sales Rise 4.3%
Median list prices dropped 2.4% year‑over‑year to $429,500, the steepest decline since 2017. Pending sales climbed 4.3% YoY, extending a six‑month growth streak. New listings rose sharply in the Northeast (+8.6%) and Midwest (+4.7%) while remaining flat in the South.
Also developing:
Sub-4% Mortgage Return with Barclays – Will Other Lenders Follow?
Barclays has launched new purchase‑only mortgage products, featuring a two‑year tracker at 3.96% for Premier customers with up to 75% loan‑to‑value. Access is limited to Premier clients who hold a current account and meet income or asset thresholds of roughly $96,000 or $128,000, respectively, requiring a 25% deposit. The bank also offers a five‑year fixed rate at 4.93% (80% LTV) and remortgage options at 5.08% and 4.80% fixed. Analysts suggest the sub‑4% pricing may trigger selective cuts but not a broad market shift.
Spike in Unsold Homes Drives Growing Stock Backlog for Estate Agents
Estate agents across England are facing a mounting backlog of unsold homes as monthly turnover rates have slipped from 17% to 14% over the past year. London’s turnover fell to just 9%, meaning fewer than one in ten listings sell...
Oversized 3BRs Inflate Rent; Smaller Units Save Money
The "problem" with modern 3BR apartments is that they are too large Increased size pushes up the rents And then with all the extra space, it ends up getting filled with too many bathrooms and bedrooms that are too larger An urban 3BR...
Miami Records Historic Domestic Exodus, Real Estate Slumps
Miami's domestic migration just plunged to the lowest level on record in 2025. With an astounding -113,000 net Americans fleeing the 3-county metro. Note that Miami usually loses Americans due to outbound migration, and makes up for it with international immigration. But...
LA Defies Critics With Wave Of New Apartment Construction
Developers kicked off more than 4,000 apartment units in Greater Los Angeles in Q1 2026, the highest start count since late‑2022 and roughly double the pace a year earlier. The surge contrasts sharply with a modest 20% rise in nationwide multifamily...
Current Sacramento Home Sale Prices: Full Price Spread
What price points are selling? Here's the spread of prices in the Sacramento region through today.
A Strong Month in a Fragile Market
A survey of 14 build‑to‑rent (B.T.R.) developers shows the sector posted its strongest month in years, with unit deliveries up 8% and occupancy holding at 95% in June. Despite a fragile broader housing market—driven by soaring mortgage rates and a...
American Tower Q1 2026 Property Revenue Rises 3% YoY on Data Center Surge
American Tower Corp. posted a 3% year‑over‑year increase in Q1 2026 consolidated property revenue, excluding non‑cash items and FX impacts. The gain was powered by a 17% rise in data‑center revenue, while the company lifted full‑year guidance and boosted its...
EQT Raises €3.1 Bn ($3.6 Bn) for New European Real‑Estate Fund
Private‑equity manager EQT AB closed its fifth logistics‑focused real‑estate fund at €3.1 billion ($3.6 billion), beating a €2.5 billion target. The fund, EQT Real Estate Europe Logistics Value Fund V, is 40% larger than its 2021 predecessor, highlighting robust appetite for European property...
Mortgage Rates Surge Higher as US Considers a Longer Blockade
Mortgage rates jumped to a 30‑year fixed average of 6.50%, the highest since March 30, after a rapid surge driven primarily by geopolitical tension over a potential Strait of Hormuz blockade. The blockade fears lifted oil prices and Treasury yields,...
Iran War Hit To Dubai Condo Market 'Good For Miami,' Developers Say
Developers say recent Iran‑UAE drone strikes have chilled Dubai’s luxury condo market, prompting buyers to look toward Miami. While Dubai saw a 26% year‑over‑year sales surge early 2026, activity slowed after the conflict began. Miami’s condo closings rose 5.5% in...
Roxanne Klein on Leasing SoCal Retail in a Tight & Shifting Market
In this episode, Crexi’s Giannis Papadakis talks with Roxanne "Roxy" Klein, SVP of Retail Leasing and Sales at Progressive Real Estate Partners, about navigating Southern California’s tight retail market. Klein shares how her sales‑focused background, mentorship under a veteran broker,...
Bank of Canada Downgrades Housing, Warns of Small Condo Glut
The Bank of Canada kept its policy rate at 2.25% and, in its April Monetary Policy Report, issued its sharpest downgrade to housing in the 2026 GDP outlook. The central bank now expects the sector to shave 0.1 percentage point...
HUD, USDA Kill Energy Rule Builders Called a Barrier
HUD and USDA announced they are rescinding a 2024 Biden‑era rule that tied FHA and USDA loan eligibility to the 2021 International Energy Conservation Code. The rule was projected to add $20,000‑$31,000 to the price of a new home, potentially...
Better Partners with Stripe to Launch Home Equity Card
Better Home & Finance unveiled the Better Home Equity Card, a prepaid Mastercard built on Stripe Issuing and Treasury. The card lets homeowners draw instantly from a home‑equity line of credit, earning 1% cashback on eligible renovation purchases. With U.S....
Housing Notes: Breaking Down the Billionaire Halo Effect
The piece dissects the billionaire halo effect, showing how wealth amplifies perceived expertise and drives media hype around ultra‑luxury homes. It highlights a new $400 million Los Angeles megamansion listing and revisits the $500 million‑priced “The One” that sold for a fraction of its...
The New Drivers of Home Value in Modern Real Estate
The real‑estate market is moving beyond square footage, with buyers now weighting sustainability, smart‑home tech, and utility transparency as core value drivers. A NAR study shows 63% of agents deem energy efficiency essential, while Freddie Mac reports a 3‑5% price premium...
Tokyo’s Flex Office Market Picks Up Speed as Demand Returns to Central Business Districts
Flexible office space in Tokyo rebounded strongly in 2025, with supply expanding by 34,800 sqm and total stock rising 7.8% year‑over‑year after a flat 2024. Operators focused on premium buildings, adding locations in Marunouchi, Roppongi Hills, Gran Tokyo South Tower and...
Equity Residential Raises Same‑Store Revenue Guidance as Occupancy Tops 96% in Q2
Equity Residential lifted its same‑store revenue midpoint by 15 basis points and trimmed expense guidance by 25 basis points while reporting 96.6% physical occupancy at quarter‑end. The guidance upgrade comes as the multifamily REIT grapples with pricing softness in Washington,...
Alexandria Real Estate Equities Leverages PropTech to Offset Q1 Occupancy Drop
Alexandria Real Estate Equities (ARE) reported a 320‑basis‑point occupancy decline to 87.7% in Q1 2026 but highlighted a new PropTech‑focused strategy, including advanced‑technology leasing and digital‑infrastructure upgrades for its life‑science campuses. The REIT also cut G&A expenses by $7.4 million and...
MOB Sales Surge, Prices Stabilize as Private Buyers Lead
MOB Sales Volume Increasing, Pricing Continues to Stabilize MOB transaction volume on a TTM basis reached approximately $15.4B nationally through 1Q26. Private/investor buyers dominate at 72% of volume YTD 2026, with REITs accounting for only 21%. On-campus MOB pricing is down...
Mortgage Rates Climb Again; Jobs Data Will Decide Impact
Looks like mortgage rates are heading higher again after a nice little reprieve in early April. The jobs report next week will either add to the pain or offset the move higher. Will be important, especially as new Fed chair comes in.
Daryl Hagler Sells Another Nursing Home to Chuny Herzka
Daryl Hagler sold the 372‑bed Richmond Center nursing home in Staten Island to Emerald Healthcare for $82 million, part of Emerald's $1.7 billion plan to acquire the Centers Healthcare portfolio. The property, bought by a Hagler affiliate in 2012 for $15 million, has...
Fannie Mae Single-Family Loan Acquisitions Reach 3-Year High
Fannie Mae posted a $3.7 billion net income in Q1, a 5% quarterly rise, while its single‑family loan acquisitions surged to $98.7 billion—the highest level since 2022, including $43.8 billion in refinances. The GSE’s administrative expense ratio dropped to 10.2%, reflecting a 25%...
Home Building Shows Signs of Stabilization with Monthly Gain in Starts
U.S. housing starts rose 10.8% in March to a seasonally adjusted annual rate of 1.5 million units, driven by rebounds in both single‑family and multifamily construction. Single‑family starts increased 9.7% to 1.03 million units, while multifamily starts jumped 13.3% to a 470,000‑unit...
Housing Starts Surge to Highest Level Since December 2024
U.S. housing starts jumped 10.8% in March to an annualized 1.5 million units, the highest level since December 2024. Single‑family starts rose 9.7% to 1.03 million, while multifamily groundbreakings also increased. Builders are using sales incentives to spur demand despite higher mortgage rates...
Real Estate Brokers Turn to Private Credit Funds – Report
A London School of Economics study finds private credit funds now dominate UK real‑estate lending, accounting for the majority of new mortgage financing. As banks tighten credit under stricter Basel III rules, brokers are increasingly routing deals to private lenders....
Housing Starts Surge in March Despite Economic Headwinds for Builders
New residential construction starts surged 10.8% in March 2026, matching both month‑over‑month and year‑over‑year growth, while permitting and completions lagged. The Northeast led the rebound, with starts up 18.9% YoY and single‑family starts surpassing one million units for the first...
Hanoi Retailers Abandon Prime Locations Despite Plummeting Rents
Hanoi’s prime retail streets are seeing a wave of vacancies as merchants abandon storefronts despite landlords slashing rents by double‑digit percentages. The average asking rent for townhouses has dropped 13‑37% from 2025 peaks, and more than 30 units on Kim Ma...
Welltower Reports $33 Billion Investment Activity and Raises 2025 FFO Guidance
Senior‑housing REIT Welltower announced year‑to‑date investment activity exceeding $33 billion, highlighted a $7.2 billion outpatient portfolio sale, and raised its full‑year 2025 normalized FFO guidance to $5.24‑$5.30 per share, underscoring strong operating momentum and a record‑low leverage ratio.
BrightSpire Posts $1M GAAP Profit in Q3 2025 as Loan Origination Gains Momentum
BrightSpire (BRSP) posted a GAAP net income of $1 million in Q3 2025, driven by $224 million of new loan originations and a reduced watch‑list exposure. Management said the company is on track to hit a $3.5 billion loan book by 2026, signaling...
Canada’s Hotel Construction Pipeline Hits Record Highs in Q1 2026
Canada’s hotel construction pipeline surged to a record 331 projects encompassing 45,401 rooms in Q1 2026, according to Lodging Econometrics. Early‑planning projects rose 6% in count and 13% in rooms year‑over‑year, while 64 projects are already under construction. Ontario dominates the...
Ken Griffin Threatens $6 Billion Midtown Project After NYC Mayor’s Pied‑à‑terre Tax Video
Citadel founder Ken Griffin warned he may abandon a $6 billion Midtown Manhattan development after Mayor Zohran Mamdani used Griffin’s $238 million penthouse to promote a new $5 million‑plus pied‑à‑terre tax. Griffin is set to meet Governor Kathy Hochul to discuss the dispute,...
Los Angeles Rental Report 2026Q1: Relief From the Peak, but Still Out of Reach for Many
In the first quarter of 2026 the median asking rent in Los Angeles County fell to $2,520, a 3.7% year‑over‑year drop and the lowest level since early 2022. Small‑unit rents slipped 5.7% while three‑plus‑bedroom rents eased 2.8%, reflecting a surge of new...
Higher Rates Raise Investors' Opportunity Cost in Value‑add Real Estate
Don't think I appreciated the full impact of higher interest rates on the heavy value-add real estate business when rates increased initially in '22. The problem for operators isn't just the higher exit caps. It's the increased opportunity cost for investors of...
Purchase Index Jumps 21% YoY, Modest Weekly Rise
MBA: "The seasonally adjusted Purchase Index increased 1 percent from one week earlier. The unadjusted Purchase Index increased 2 percent compared with the previous week and was 21 percent higher than the same week one year ago." Note: the comparable...
Abu Dhabi Saw Prewar Property Boom with Best-Ever First Quarter
Abu Dhabi’s property market posted its strongest first‑quarter performance on record, with off‑plan sales accounting for 81% of transactions and apartments making up roughly three‑quarters of deals. The flagship Manchester City Yas Residences alone generated $1.63 billion in sales within 72 hours...
Starwood Fund Freezes Redemptions, Slashes Dividend Amid Liquidity Crunch
Starwood property fund halting all redemptions and cutting its dividend. This has mostly been gated since 2024 when the @FT outline how it had drawn down its liquidity significantly to pay redemptions, instead of selling assets. https://t.co/eirUSkAkPh
Sacramento Home Prices: Current Selling Range Revealed
What price points are selling? Here's the spread of prices in the Sacramento region through today. https://t.co/4eizMvc1jD
Land Taxes Reward Emptiness, Driving Soaring Home Prices
U.S. home prices have quadrupled since 1995, but it's not that homes got more expensive to build. It's that the LAND they sit on did. We tax buildings the same as land, so owners are rewarded for keeping lots empty and...
Texas Rents Fall Sharply as Supply Outpaces Demand
"Rents have declined across Texas due to excess rental property supply (Chart 1). The sharpest rent drops in the state have been in Austin, San Antonio and Dallas." https://t.co/O61kiuAhpW https://t.co/NMe2ewnoJQ
Texas Leads Biggest Home Price Drops Among Top Counties
Chart: Among the nation's 500 largest counties, these 50 have seen the biggest home price decline since their local 2022 peak price -26.0% -> Travis County, TX -24.6% -> Williamson County, TX -24.1% -> Hays County, TX -23.9% -> Charlotte County, FL
Apartment REITs Show Steady Gains Amid Tapering Supply
Quick read of apartment REITs earnings reports this week: Seems to be mostly a steady-eddy, as-expected story -- good occupancy, low turnover, and even some concession burn-off. Not a surge, but clearly optimistic as supply tapers back.
Mortgage Rates Climb, yet Homebuyers Start Returning
#Mortgage rates are rising again, but homebuyers are trickling back https://t.co/Cn6MwsBKjW @MBAMortgage @mortgagenewsmnd #realestate #housingmarket #realestateinvesting
Half of Sacramento Deals Include Seller Concessions
Good news for buyers. Seller concessions in the Sacramento region are taking place in about half of transactions. These are things like a credit for repairs, credit for closing costs, or buying down the rate. What types of concessions are...
Mortgage Rates Jump to 6.38%—survey Your Tolerance
4.40% --> average mortgage rate on all outstanding U.S. mortgages: 6.38% --> average mortgage rate today Homeowners: What’s the highest mortgage rate you’d accept on your next home purchase? Take our annual Housing Sentiment Survey here: https://t.co/t2Yn9pawIo
40% Home Price Drop Triggers Massive Distress Sales
History indicates that a 40% nominal national home price crash would necessitate significant distress sales. https://t.co/h46Wqa4NpK
Purchase App Data Shows 2% Weekly, 21% YoY Growth
Purchase application data update: 2% week to week growth. 21% year over year growth https://t.co/0rJaQcBlPc
Most Case-Shiller Cities See Price Drops, Midwest Holds Steady
12 of the 20 Case Shiller cities are showing home price declines vs last year. LA and DC slid into negative territory this month. Nationally, thanks to very tight supply in the midwest, home prices are still barely above zero...
Proposed Housing Investor Ban Halts Builders, Hurts Real People
The Senate-passed bill banning institutional housing investors isn't yet law but has already "stopped home builders in their tracks" by scaring off investors & lenders. An instant case study of bad policy harming real people, even when just for show 😡 https://t.co/h5oaq2IAYN...