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:
Rising Rates Push Mortgage Costs Higher, Weigh on Treasury Yields
Interest on the U.S. federal debt is set to overtake Social Security spending, driving Treasury yields up and nudging mortgage rates toward multi‑decade highs. The surge reflects soaring fiscal outlays, especially on defense, and threatens to dampen the housing market.
Google Starts $15 B, 1‑GW AI Data‑Center Hub in Vizag, India
Google’s Indian arm, Raiden Infotech India Ltd., began construction on a $15 billion, 1‑gigawatt data‑center complex near Visakhapatnam on April 28. The three‑site hub, built with Adani Infra, is the biggest single foreign direct investment in India and will expand Google’s global...
Commercial Property Deals Rise
Commercial property transactions in Taiwan surged to NT$99.3 billion in Q1 2026, more than double the previous year and the highest since Colliers began tracking the market. Technology firms drove the boom, investing NT$79.3 billion—about 79% of total activity—highlighted by Micron Technology’s...
Major Housebuilder Halts Land Purchases Amid Slowdown in Buyer Demand
Berkeley Group announced it will pause all new land acquisitions as rising construction costs, tighter regulation and weakening buyer demand make new purchases uneconomic. The London‑focused developer kept its pre‑tax profit guidance at £450 million (about $576 million) for the year to...
CONFIDENCE IN THE EUROPEAN HOTEL MARKET REMAINS HIGH
Investor confidence in Europe’s hotel sector remains robust as 86% of large‑scale backers plan to maintain or increase spending heading into 2026. Over the 2020‑2025 period, investors poured roughly €18 bn (about $19.5 bn) into lodging assets across the continent. Return expectations...
Florida Falls, Alabama Rises as Migration Slows Nationwide
States with the highest inbound migration in 2025. Note how Florida has fallen to the 8th on the list nominally, and only 22nd in % terms. Alabama is now higher. Even the states at the top (Texas, North Carolina) are seeing heavily...
GSEs Ease Prefunding Rules, Extend Manufactured Housing Terms
Fannie Mae eliminated the mandatory 10% minimum sampling rule for prefunding checks and now permits lenders to craft their own risk‑based sampling methods, with oversight to ensure adequacy. Freddie Mac extended the maximum term for cash‑out refinances on manufactured‑housing loans...
Homebuyer Demand Slips Below Last Year's Pace
Home buyer demand just dipped below last year's pace for the first time since the January storms. ➡️85,000 new pending sales this week, down 2.6% from 2025 ➡️Price reductions at 34.5% of active listings, climbing ➡️Inventory only 4% above last year (was 36%...
FOA Launches New Reverse Mortgage Line of Credit Product
Finance of America introduced HomeSafe Second Line of Credit, a second‑lien reverse‑mortgage line for homeowners 55 and older, debuting in California. Borrowers receive an initial 25% draw and can access up to $1 million over a 10‑year draw period, with a...
Airbnb Hosts Turn Tiny‑Home Builds Into Profitable Short‑Stay Rentals
Sakura Kishiro and her partner spent just over $100,000 to build a 400‑sq‑ft modern tiny home in California and have booked it at an 80% rate since March, charging $100‑$300 per night on Airbnb. The success highlights a growing niche...
Another DTLA Office Tower May Sell
Manulife U.S. REIT is proposing to sell the 35‑story TCW Tower in downtown Los Angeles to the Los Angeles Department of Water and Power for $92.5 million, roughly $129 per square foot, pending City Council approval. The tower was only 46%...
Goldman Sachs Lends $80 Million Refinance
Goldman Sachs has issued an $80 million, five‑year, fixed‑rate, interest‑only mortgage to refinance the Del Rey Campus, a 162,031‑square‑foot creative office complex in Marina del Rey. The loan, arranged by Sonnenblick‑Eichner, targets a premium Silicon Beach asset anchored by tenants such as the World...
Jamie Dimon Warns High Taxes Could Push People Out of New York — but Wall Street Isn't Leaving Yet
JPMorgan CEO Jamie Dimon warned that New York City's high corporate and individual income taxes could push employees and businesses out of the region. He highlighted a decade‑long decline in JPMorgan's NYC headcount, contrasted with rapid growth in its Texas...
Standard Real Estate Investments Acquires Suburban Apartment Community For $61M
Standard Real Estate Investments, in partnership with Belay Investment Group, acquired the 256‑unit Martin’s Point apartment community in Lombard, Illinois for $61 million. The purchase was financed with a $43 million loan from Prudential, marking the third suburban Chicago multifamily asset for...
Industrial Rents Near JFK Eclipse $30 Per SF For First Time As New Terminals Come Online
Industrial space near JFK saw unprecedented demand in 2025, with 770,000 SF leased—a 63.4% year‑over‑year rise. Triple‑net asking rents broke the $30 per square foot barrier, the first time in the submarket’s history, while vacancy slipped to 6.4%, well under the...
Leggat McCall Lands $122M Loan For Bunker Hill Redevelopment: The Boston Deal Sheet
Leggat McCall, the Boston Housing Authority and Joseph J. Corcoran Co. secured a $122 million loan from Cottonwood Group to fund Building F of the Bunker Hill redevelopment. The nine‑story building will contain 208 market‑rate and 58 affordable apartments, part of a...
Moody's: Office Vacancy Hits 21% In Q1, Another Record High
Moody's Analytics reports U.S. office vacancy climbing to a record 21% in Q1 2026, up 10 basis points from the prior quarter and 60 bps year‑over‑year. Negative absorption totaled nearly 3 million square feet, led by Oakland‑East Bay, Austin, Chicago and San Jose. The...
Spring's Hot Housing Market Just Ran Into a Problem
Spring 2024 home‑buying kicked off strong as mortgage rates fell near 5.95%, boosting affordability and sparking the sharpest monthly price gains in over a year. By late March, 30‑year rates climbed to about 6.35%, raising the average monthly principal‑and‑interest payment...
HVS Asia Pacific Hotel Transactions Bulletin Week Ending 3 April 2026
Nomura Real Asset Investment formed a fund to buy the 515‑key Centara Grand Hotel Osaka for roughly $257 million, paying about $498 k per key. Hulic Co. sold its Yokohama Minatomirai mixed‑use asset in a deal valued at over $485 million, representing more...
Nelson, JPMorgan Take 2nd Shot at Selling LES Rental
Nelson Management and JPMorgan are marketing the 19‑story, 256‑unit Two Bridges building at 275 South Street for over $180 million, leveraging a 30‑year Article XI tax abatement that caps property taxes at 5 percent of income through 2055. The asset, purchased for $115 million...
Realtor.com Finds Surge in Home Price Cuts Across Texas, Florida, Arizona
Realtor.com’s February 2026 analysis reveals that price cuts appeared on one in five active listings across nine major metros, with Texas, Florida and Arizona leading the trend. Elevated mortgage rates, rising insurance premiums and higher property taxes are forcing sellers...
Morningstar DBRS Confirms Credit Ratings on All Classes of CSAIL 2015-C1 Commercial Mortgage Trust
Morningstar DBRS confirmed the credit ratings for all classes of the CSAIL 2015‑C1 Commercial Mortgage Trust, assigning AA (low) to Class B and X‑B, A (low) to Class C, CCC to Classes D and X‑D, and C to Classes E,...
Milwaukee Weighs $500‑plus Million Public Hotel to Boost Baird Center
Milwaukee’s Wisconsin Center District is reviewing a proposal for a 650‑room, publicly financed hotel attached to the Baird Center, aiming to close its hotel‑room gap with rivals. The plan mirrors Columbus, Ohio’s publicly owned Hilton expansion, which lifted nearby room...
REIT Sells Alexandria Hilton To Prior Owner For Half Of 2018 Price
Ashford Hospitality Trust sold the 252‑room Hilton Alexandria Old Town to Lodging Capital Partners for $58 million, roughly half the $111 million it paid in 2018. The transaction included repayment of a $32.5 million loan and generated a non‑recurring loss, with the REIT...
Identify Good Real Estate, Not Just Cap Rates
// HOW TO HIT A HOME-RUN // A basic framework for finding deals that have the potential to be home-runs (3x+ return in 5 years or less) Most people think it's impossible but it's actually quite simple (but not easy) once you...
Governments Prioritize High‑Rise Construction Over Desired Single‑Family Homes
Let's Just Admit It: All Levels Of Government Have Worked To Destroy The Type Of Housing Most People Actually Want For the majority of Canadians, they're dream of Homeownership is still a Single Family Home But we don't build many anymore And it's...
AI Impact on Office Markets Won’t Be as Bad as Many Think, Newmark Says
Newmark’s latest report tempers fears that artificial intelligence will devastate office markets, arguing that the impact will be uneven. High‑quality, collaboration‑focused spaces are expected to stay resilient, while lower‑grade, commodity offices may see modest vacancy increases. The firm projects office‑using...
Fundamentals Over Speed: Building $150M Multifamily Portfolio
Multifamily was never meant to be fast. It was built on long-term holds, steady cash flow, and disciplined execution. But over the past few years, rising valuations and aggressive projections created a false expectation. Today’s guest is John Casmon, Founder of Casmon Capital Group...
Increasing Non-Qualified Mortgage Delinquencies Remain Within Bounds
Fitch Ratings’ February remittance data shows non‑qualified mortgage (NQM) delinquencies climbing year‑over‑year, driven largely by the 2023 vintage. The broader NQM sector’s 30‑plus delinquency rate rose to 7.26% (up 118 basis points) and 90‑plus to 3.61% (up 81 basis points),...
Landingplace Hotels Launches Strategic Ownership Platform
Landingplace Hotels has created Landingplace Holdings, a strategic ownership platform that will acquire and convert existing hotels into its Landingplace Suites and Landingplace Select brands. The initiative is backed by a corporate bond program, assigned an ISIN and listed on...
Inventory Near 2019 Levels Signals Slower Home Price Growth
Back when I worked at Fortune in early 2022, as it became clear the Pandemic Housing Boom was nearing its final inning, I suggested to readers that a quick-and-dirty metric to follow in the post-pandemic period would be active inventory...
Modular AI Set to Disrupt $13T Mortgage Monopoly
Mortgages are the $13T prize, yet they run on Cobol mainframes that break at 99 draws. Cagney and Berman reveal how modular AI finally kills the bank monopoly. (0:00) Why Are Mortgages the $13T Prize? (0:49) Can Modular Tech Finally Remake...
Ask an Advisor: Can I Invest in a Real Estate Project Within My Roth IRA? Will the Future Growth and...
A self‑directed Roth IRA can be used to fund a commercial real‑estate build, but only if the property title is transferred to the IRA. The investor must avoid any prohibited transactions with disqualified persons, meaning they cannot lend to themselves,...
Buyers Can Secure Seller Concessions for Repairs, Costs
Good news for buyers. It’s possible to get a little help from sellers. Concessions are things like a credit for repairs, credit for closing costs, or buying down the rate. This is not agent compensation. Any thoughts? https://t.co/CX6TtHFfE5
SF Housing Market Diverges Sharply From National Trends
The San Francisco housing market is disconnected from national data. Remember the negative year-over-year inventory data from Florida, it was working from elevated levels too 🫡 https://t.co/S838PdvONt
UBS Analysis Shows Real Estate Can Cut Income Taxes and Estate Taxes in One Move
UBS Wealth Management released a new analysis that demonstrates how income‑producing real estate can simultaneously reduce an investor’s annual income‑tax bill and shrink the estate‑tax liability for heirs. The report highlights depreciation deductions, passive‑income treatment and structuring tools such as...
China's Hotel Upgrade Adds 316,000 Rooms, Boosts Service Standards
China's hospitality sector added 316,100 chain hotel rooms in 2024, a 4.68% year‑on‑year rise that lifted the total to 17.64 million rooms. The upgrade, visible in budget‑price hotels offering upscale amenities, is reshaping demand toward business travelers and attracting foreign investors.
U.S. Office Leasing Hits Strongest Quarter Since Pre‑Pandemic
U.S. office leasing just had its strongest quarter in years per CoStar ~120 million SF leased in Q1 2026, the highest quarterly total since before the pandemic. Up 25% YoY This is the first time this decade leasing has exceeded the 2015–2019...
Spain’s Housing Crisis Pushes PropTech and Fractional Investing Into the Spotlight
Spain’s residential property prices surged 14.3% in March, edging close to all‑time peaks and intensifying an affordability crunch. The rapid price escalation has spotlighted proptech firms offering data‑driven valuation tools and streamlined transactions. Simultaneously, fractional‑ownership platforms are gaining traction as...
Housing Supply and Demand
A new Federal Reserve Bank of San Francisco study argues that housing demand, not supply constraints, explains most regional price and affordability differences. Average income growth correlates strongly with house‑price appreciation, while population growth drives housing‑unit construction. Metro areas that...
Nashville Poll Shows 79% Fear Unsustainable Growth as Housing Costs Surge
A Vanderbilt University poll released this week found 79% of Nashville residents deem the city’s population boom unsustainable, while 82% say they cannot afford a home in Davidson County. Median home listings now sit at $527,225, up sharply from $345,000...
Massachusetts Mills Targeted for Housing Conversion to Tackle 250,000-Unit Shortage
Developers and municipal leaders are focusing on vacant Massachusetts mills as a fast‑track source of new housing, aiming to help the state meet its goal of building nearly a quarter‑million homes over ten years. Incentives, historic‑preservation tax credits and recent...
PropTech Fuels Surge of Younger Global Investors, Driving UAE Sales to $184 Bn in 2025
Dubai’s property market closed 2025 with Dh682.5 bn ($184 bn) in sales, up 31% YoY, and January 2026 added Dh111 bn ($30 bn), an 8% rise, as proptech platforms attract younger, digitally native investors from more than 150 countries. Industry leaders say the shift...
Tourism Plus Shanghai 2026 Expo Draws 450,000 Visitors, Boosts Hotel Sector
Tourism Plus Shanghai 2026 wrapped up on April 3, attracting nearly 450,000 visitors from 189 countries and hosting over 6,000 exhibitors across 700,000 sq m. The event’s hotel‑focused exhibitions, HOTELEX and Hotel & Shop Plus, generated a wave of partnerships and investment interest that could...
Seasoned Investors Turning to Private Money Lending Boom
I think the private money lending sector is about to grow even more. I see so many experienced investors who focused on raising capital for their deals now shift to being the private lender.
Apollo (APO) Funds Acquire Gatehouse Living Group From Gatehouse Bank
Apollo Global Management’s funds bought Gatehouse Living Group from Gatehouse Bank on April 1. The deal brings Gatehouse Investment Management and Ascend Properties into Apollo’s UK housing portfolio, adding a platform that owns more than 5,000 homes and manages over...
Target 4‑6 Bedroom Rentals, Beat Saturated Market
The Airbnb platform is not going anywhere. 70% of listings on Airbnb and VRBO are 1, 2, and 3-bedroom homes. That is exactly where 99% of the competition lives. The moment you go to a 4, 5, or 6-bedroom home, you are competing...
Pending Sales Hit Multi-Year Highs, Growth Slows
Purchase apps, weekly pending, and total pending sales are still at multi-year highs, but growth has slowed over the last 2 weeks. The 6 weeks of positive YoY data on the weekly pendings were snapped last week, even though we...
Existing Home Sales at 1.29M, Well Below Normal
We will get this updated this week with the new existing home sales report. ...
Current Listings Surge From Historic Lows
New listings data this last week were 70,191 The same week back in 2009 -287,185 2010 - 306,150 2011 - 367,465 https://t.co/hrxkJ4eTa5