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:
Ohio Tops Foreclosure List, Realtor.com Finds 1 Filing per 2,787 Homes
Realtor.com’s latest analysis of ATTOM data shows Ohio recorded a foreclosure filing for every 2,787 housing units in February, outpacing the national average of one per 3,701 units. The state ranked sixth nationwide, highlighting a growing strain on Ohio homeowners as foreclosure activity climbs for the 12th straight month.
Greystone Reports $2.6M Q4 Loss, Unit Price at 50% Discount to Book Value
Greystone Housing Impact Investors (GHI) posted a GAAP net loss of $2.6 million for Q4 2025, while cash available for distribution stayed positive at $2.8 million. The REIT’s unit price closed at a 50% discount to book value, highlighting pressure from non‑cash JV...
Baird’s Michael Bellisario Says Lodging REIT Outlook Cautiously Optimistic
Michael Bellisario of Baird says the lodging REIT outlook for 2026 is positive but muted after a difficult 2025. He expects the FIFA World Cup to lift REVPAR by at least 75 basis points, providing a modest revenue tailwind. Wealthy...
Baird’s Michael Bellisario Says Lodging REIT Outlook Cautiously Optimistic
In this episode of the REIT Report, senior research analyst Michael Bellisario of Baird outlines a cautiously optimistic but muted outlook for lodging and hotel REITs in 2026. He highlights modest RevPAR growth driven by events like the World Cup...
The Great Housing Mismatch: Empty Nesters Own 28% of the Nation’s Large Homes, Millennial Families Own 16%
Redfin’s 2024 analysis shows empty‑nest baby boomers own 28% of U.S. three‑bedroom‑plus homes, while millennial families with children hold just 16%. The gap persists across major metros, with millennials’ share highest in Austin and lowest in Los Angeles. High mortgage...
The Surprising US Region That's Booming as Multifamily Dominates CRE Market
In 2025 the multifamily segment dominated U.S. commercial real estate, capturing 48.61% of capital raised and delivering 40.31% of total investment returns. The Southeast region emerged as the strongest geography, accounting for 42.06% of capital and 40.51% of returns, driven...
From 23% Underwater to Record Home Equity Gains
In 2010 we had over 23% of the homes underwater; today, we have massive home equity @housingwire @sarahteresa6 #housing #realestate #mortgagerates #economics #chartdaddy
Seattle Joins Global Innovation Elite but Faces Critical Premium Office Shortage
JLL’s latest Innovation Geographies report places Seattle among 18 global “reinforcer” innovation hubs, ranking it 12th in output and 23rd in talent concentration. The same study warns that a severe shortage of investment‑grade office space—evidenced by a 34.7% vacancy rate...
Turning Vacant Big-Box Stores Into Pickleball Facilities
Big‑box retailers are shuttering locations, creating large vacant shells that entrepreneurs are repurposing as indoor pickleball venues. Converting these spaces demands more than court markings; structural clearance, column spacing, and code‑compliant egress are critical first steps. Flooring must be leveled,...
Fannie Mae Backs Crypto‑backed Mortgages as Better Home Partners with Coinbase
Better Home and Finance has launched a crypto‑backed down‑payment loan in partnership with Coinbase that qualifies for Fannie Mae‑insured conforming mortgages. The product lets borrowers use Bitcoin or USD Coin as collateral for a down payment, marking the first GSE‑approved crypto‑linked...
Portfolio Deal Pullback Masks Strong Asset Sales
U.S. CRE Investment Sales | February 2026 Snapshot Headline numbers tell a misleading story this month. While total U.S. investment sales of $25.4 billion appear soft, down 17% year over year, the real culprit is a dramatic pullback in portfolio and...
No Missed Deals; Market Prices Too High to Buy
There hasn’t been a deal we’ve passed on this year where the broker believed we were making a mistake by not pursuing. With rare exception, it’s very much an “I wouldn’t buy it at this price either” kind of market.
How Asset-Based Finance Is Finding Its Role in Commercial Real Estate Portfolios
Asset‑based finance (ABF) is transitioning from a niche product to a mainstream funding source for commercial‑real‑estate (CRE) owners, offering loans secured by property, equipment, or receivables. The secured structure enables higher leverage and lower covenant intensity than traditional cash‑flow loans,...
JP Morgan Refis 625 Fulton Street With $765M Loan
J.P. Morgan Chase provided a $765 million permanent loan to refinance Rabsky Group’s 35‑story, 1,102‑unit multifamily tower at 625 Fulton Street in Downtown Brooklyn. The new financing replaces $555 million of construction debt originally supplied by Madison Realty Capital. The development includes...
Pocket Listings Really Do Sell for More — at Least in Dallas
A University of Georgia study of roughly 700,000 Dallas‑Fort Worth home sales from 2002‑2022 found that pocket listings – homes sold off‑MLS and entered the MLS after closing – fetched an average 1.7% price premium over comparable MLS listings. The...
Apollo Acquires UK Rental Housing Platform Gatehouse Living Group
Apollo Global Management announced the acquisition of Gatehouse Living Group, a UK‑based rental housing platform that oversees more than 10,000 homes nationwide. The deal expands Apollo’s footprint beyond its U.S. multifamily holdings into Europe’s largest residential market. Gatehouse’s technology‑driven operations...
3650 Capital Provides $104M Pref Equity Injection Into $455M Acquisition
3650 Capital is injecting $104 million of preferred equity into a $455 million acquisition of a 1,495‑unit multifamily portfolio in the Chicago area, purchased by LaTerra Capital Management and Respark Residential from Aimco. The assets carry $308 million of Fannie Mae agency financing, which...
Real Estate Stock Prices Have Taken a Big Hit in the Past Year
Real‑estate equities have endured a steep decline over the past year, with CoStar and Zillow each losing roughly half their value as the housing market remains sluggish. Opendoor’s stock surged 375% while Offerpad tumbled 57%, illustrating divergent fortunes among iBuyers....
2.6M Homeowners Pay $500-Plus in Monthly HOA Fees
Nearly 18 million homeowners in the 100 largest U.S. metros paid HOA or condo fees in 2024, with 2.6 million shelling out $500 or more each month, equivalent to over $6,000 annually. New York recorded the highest median fee at $558, while...
NMHC Survey Charts Moderate Improvement in Apartment Construction Market
The National Multifamily Housing Council’s March 2026 quarterly survey shows modest signs of recovery in the apartment construction sector. About 31% of developers say they are launching more projects, while the same share report fewer construction delays. Only a small minority...
Greystone Provides $33M Financing to Bayshore Properties for Chicago MF Acquisition
Greystone has extended a $32.56 million Freddie Mac loan to Bayshore Properties for the purchase of the 253‑unit Aspen Ridge Apartments in West Chicago. The financing is complemented by a $5.5 million preferred equity investment from Mandelbaum & Associates, together covering the acquisition...
Optimism Grows In Atlanta Industrial, Despite Global Uncertainty
Atlanta’s industrial market rebounded strongly in Q1 2026, with tenants absorbing 5.3 million square feet—the highest quarterly total since 2022. Vacancy slipped to 8.4% from 8.8%, reflecting renewed demand after a year of just 347 K SF absorbed. Developers are cautiously restarting projects,...
Office Availability Drops 12.6M Sq Ft Across Top Markets
The Office Market is Healing New York was just the beginning. Office market tightening is now sweeping through San Francisco, Houston, and Boston as availability declines. Q1 2026: All top 15 office markets saw declines in availability totaling 12.6M sq. ft New York...
MF1 Supplies $64M Construction Takeout Loan for Fort Greene Apartments
MF1 Capital provided a $64 million construction takeout bridge loan to Borough Developers for the 99‑unit Elliot apartments in Fort Greene, Brooklyn. The financing was arranged by Landstone Capital Group, led by Leah Paskus and Shlomy Wertzberger. The development benefits from...
Fix and Flip Finance for Beginners: A Simple Guide to Getting Started
Fix‑and‑flip loans are short‑term financing that let investors purchase, renovate, and resell properties without using all their own cash. Lenders often finance up to 100% of loan‑to‑cost and 80% of after‑repair value, with closings as fast as seven days. ATTOM...
Market West Struggles Continue As Philly Leads Nation In Office Distress
Philadelphia’s office market is in distress, with 34% of CMBS‑backed loans classified as troubled—the highest among the nation’s 20 largest metros. Morningstar’s latest Boots on the Ground report highlights steep price cuts, exemplified by Centre Square’s $94 million sale, less than a...
Northmarq Report Puts DFW #2 in BTR Units
The Dallas‑Fort Worth metro area has emerged as the nation’s second‑largest build‑to‑rent (BTR) market, now boasting roughly 25,000 units, most delivered in the past five years. Net absorption surged to over 4,000 units in 2025, a 30% increase year‑over‑year, while...
U.S. Bank Adds Built to Manage Construction Loan Activity
U.S. Bank has partnered with Built Technologies to automate its construction‑loan workflow using Built’s AI‑driven Draw Agent platform. The integration promises faster funding, with draw times potentially improving up to 70%, and offers borrowers real‑time visibility into draws, inspections, and...
Mapletree Sells 1.4M-SF Warehouse Portfolio to Dalfen Industrial for $208M
Mapletree Investments sold a 1.4 million‑square‑foot U.S. industrial portfolio to Texas‑based Dalfen Industrial for $207.5 million. The assets include 13 warehouses in Dallas‑Fort Worth, four in Chicago, and one each in Cincinnati and Indianapolis. This transaction is Mapletree’s fifth U.S. warehouse divestment...
Younger Partners Explains Strategy That Led To Full Occupancy At 8 DFW Office Properties
Younger Partners leveraged Dallas‑Fort Worth’s office resurgence to fully lease 463,000 sq ft across eight older Class‑B properties in 2025‑2026. The firm combined owner collaboration, direct marketing, small‑lease flexibility, and aggressive spec‑suite upgrades to attract local financial, legal and insurance tenants. By...
Deutsche Bank to Provide £925m Senior Loan for Olympia Redevelopment
Deutsche Bank has agreed to provide a £925 million senior loan to finance the redevelopment of London’s Olympia exhibition centre. German investors backing the project will contribute an additional £500 million in equity as part of the refinancing package. The combined funding...
Gucci-Owner Kering Raises $1.4 Billion by Offloading Majority in Milan Building to Qatari Buyer
Kering, the parent of Gucci, sold an 80% stake in its Via Monte Napoleone Milan building to Qatar’s Al‑Mirqab Group for €1.16 billion (about $1.28 billion). The French luxury group received an upfront €729 million (~$802 million) and will collect a further €432 million (~$475 million) in five...
Term Sheet: CTP’s Asian Loan, a Refinancing for Olympia, BNPP AM Alts on Defence Spending
Logistics developer CTP secured a new loan from Asian banks, expanding its financing footprint beyond Europe. The proceeds will support a refinancing of the Olympia project in London, which also includes a sizable equity injection to improve capital structure. BNP...
Mangat Staking $250M on Small-Bay Phoenix Warehouses
The Mangat Group announced a more than $250 million investment in four small‑bay industrial developments in the Phoenix metro area. The projects will deliver 219 flex‑space units totaling roughly 527,000 square feet, with the first site on Glendale Avenue entering...
Milwaukee Bucks and J. Jeffers Launch $117M Deer District Affordable Housing Project
The Milwaukee Bucks and developer J. Jeffers & Co. broke ground on the $117 million Deer District affordable‑housing complex, slated to begin the week of April 6. The 269‑unit Fieldhouse Flats will offer below‑market rents and include a new Milwaukee Area Technical...
Homebuyer Demand Hits Near‑record Lows; Price Cuts Needed
Reventure's homebuyer demand index remain near a 10/100 this week, resting near the lowest levels on record. Not much has changed in terms of homebuyer demand over the last several months, even with the start to the war. This week, mortgage apps...
Luxury 4‑6‑Bedroom Rentals Remain Vastly Underserved
The Airbnb market is not saturated. The 1 and 2-bedroom market is saturated. There are roughly 2 million listings across Airbnb and VRBO. Around 70% of them are 3 bedrooms or less. That is the saturated market. The 4, 5, and 6-bedroom luxury group travel...
Mesa West Capital Provides $81M Refi for Townhome Complex Outside Houston
Knightvest Capital secured an $81 million five‑year floating‑rate loan from Mesa West Capital to refinance the 313‑unit Domain Memorial townhome community near Houston. The loan will fund interior renovations and recent capital improvements, including an EV charging station and upgraded amenities....
FHFA’s Q4 National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores
The FHFA’s Q4 2025 National Mortgage Database shows a sharp shift in mortgage rate distribution. Loans under 4 % fell from a 65.1 % peak in Q1 2022 to 50.6 % today, while loans above 6 % rose from 7.3 % to 21.9 % over the same period....
Middle East War Lifts Fixed
Most Fixed Mortgage Rates Are Now In The 4% Range: What Should People Do? The War In The Middle East drove up Canada Bond Yields & therefore drove up Fixed Rates 5 - Yr 4.04% - 4.29% Variable Rate Mortgages now look...
Australia’s Land Value Has Gone Through the Roof. Where Does that Leave Young People Who Want to Buy a Home?...
Australia’s household wealth surged in 2025, with land contributing about $567 billion USD (≈$860 bn AUD), pushing land’s share of assets to 42% of total holdings. Over the past 25 years land values have jumped 832%, outpacing deposits and making land three times...
Top Resi Brokers, Firms Navigate Luxury’s New Battlegrounds: Rankings
New York City’s luxury residential market rebounded in 2025, delivering record‑breaking sales such as a $129 million Manhattan condo and multiple $80‑$90 million deals. A severe shortage of new‑development inventory—down to a ten‑year low—has intensified competition and driven price per square foot...
Mortgage Applications Plunge 10% Weekly, Purchase Demand Slides 3%
Mortgage applications decreased 10.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey ... The seasonally adjusted Purchase Index decreased 3 percent from one week earlier.
Supply Rises, Sellers Active, Market Still Sluggish
A little more supply this year. Glad we're no longer seeing sellers sit back like 2023, but it's still been a very slow burn to see much change in the marketplace. https://t.co/1ItZel19q7
Sacramento Leads Buyer Migration, But Are Rankings Accurate?
Where are buyers moving? Redfin recently came out with a top list in the United States, and Sacramento actually is the number one destination. But are these really the top spots? Some thoughts on my weekly blog. https://t.co/SPAXCixM2H https://t.co/Oqe3yaEfog
Slightly Elevated Withdrawals and Cancellations Remain Unremarkable
Through March, withdrawn listings and canceled contracts are still slightly elevated, but don't look particularly alarming to me https://t.co/aDY2kdN66d
Mortgage Rate Lockdown Myth Remains Unfounded
One of the most misunderstood housing economic stories in this cycle is the mortgage rate lockdown premise, which I never bought into, even in the last decade when it was being discussed. https://t.co/ae3tzVWdb9
Mortgage Refinance Demand Drops over 40% in a Month
Weekly #mortgage refinance demand is down more than 40% in the past month https://t.co/KBjl0aRgH6 @MBAMortgage @mortgagenewsmnd #interestrates #economy
Apartment Rents Slide as War, Job Cuts Curb Demand
#Apartment #rents weaken further as war and job cuts weigh on demand https://t.co/bhTYCv7BMT @ApartmentList @CoStarGroup @apartmentscom
Large Warehouse Leases Surge 31% as Data Centers Drive Demand
High time for storage. Demand for biggest #warehouses rebounds, w/146 leases of 500KSF bldgs+ in 25. That's up 31%+. '#Datacenter construction is starting to be a demand driver.' #realestate #CRE #industrial #logistics #Cushman #Savills https://t.co/qPqh4r1J17 via @WSJ https://t.co/6eV5DXeJBR