Today's Real Estate Investing Pulse
Housing market steadies as sellers adjust prices and buyers return
May’s housing report shows median list prices slipping 2.4% year‑over‑year to $429,500, the sharpest decline since 2017. Pending sales rose 4.3% YoY, extending a six‑month growth streak, while new listings jumped 8.6% in the Northeast and 4.7% in the Midwest but stalled in the South.
Also developing:
Seriously Delinquent Loans Hit Highest Level Since 2022
The national mortgage delinquency rate ticked up to 3.72% in February, driven by a 3% rise in seriously delinquent loans—the highest level since June 2022. Pre‑payment speeds accelerated as rates fell, yet cure activity for loans 90 days or more past due dropped over 40% in the last four months. FHA‑backed mortgages, which make up roughly 80% of the recent surge, remain the primary source of the increase. Foreclosure starts fell month‑over‑month but are up 7% year‑over‑year, signaling a mixed‑signal market.
Is the Real Estate Reset Stalled, or Just Slower? Insights From Carl Gomez, Chief Economist at Centurion Asset Management Inc.
In this 42‑minute episode, Chief Economist Carl Gomez explains that Canada’s commercial real‑estate market is undergoing a slow “Great Reset” driven by lingering uncertainty, high cap rates and the end of ultra‑low interest rates. While data shows the economy is...
Ontario, Federal Governments Eliminate HST on New Homes for One Year
Ontario and the federal government will suspend the 13% HST on qualifying new homes for one year starting April 1, 2026. The cut applies fully to homes priced at or below $1 M CAD (about $0.75 M USD) and tapers to a $24 k rebate...
Citigroup's Seasoned Mortgage Pool Secured $1 Billion in RMBS
Citigroup’s Mortgage Loan Trust issued a $1 billion residential mortgage‑backed securities (RMBS) transaction, CMLTI 2026‑RP1, backed by seasoned loans originated in 2019 or earlier. The pool shows strong performance, with 90.3% of loans maintaining a clean payment history and a low delinquency...
NACA Program | Income Requirements 2026
The Neighborhood Assistance Corporation of America (NACA) offers a mortgage program that eliminates down payments, closing costs, and private mortgage insurance, while forgoing traditional credit‑score requirements. Prospective borrowers must complete workshops, one‑on‑one counseling, and pay a modest $25 annual membership...
M&T Bank Deploys $138M for Philly Affordable Housing Project
M&T Bank is providing a $62.1 million construction loan and a $30.2 million tax‑credit equity investment as part of a $137.5 million financing package for the Philadelphia Housing Authority’s Westpark Redevelopment. The project will deliver 327 mixed‑income units, including 190 affordable apartments for...
Office Pain Eases as Builders Pause and Conversions Pick Up
US office market shows early stabilization as new construction slows and adaptive‑reuse conversions rise. Vacancy fell to 17.6% in February, a 200‑basis‑point improvement, while average asking rents slipped to $32.79 per square foot. Manhattan topped sales with nearly $1.6 billion year‑to‑date,...
One Beverly Hills Secures $4.3 Billion to Finish Luxury Tower and Hotel
Developer One Beverly Hills has closed a $4.3 billion financing package to complete its mixed‑use luxury residential and hotel complex in Los Angeles. The deal, among the biggest single‑project raises in the U.S. this year, underscores persistent investor appetite for high‑end...
Pension Funds, Life Insurers Increase MBS Holdings in 4Q
Pension funds and life insurers significantly increased their holdings of mortgage‑backed securities in the fourth quarter. The shift reflects a search for higher yields as Treasury rates stay low and the MBS market offers relatively attractive risk‑adjusted returns. Meanwhile, policy...
Geopolitical Tensions Hit European Real Estate Sentiment Despite Q4 Gains
European commercial‑real‑estate markets posted solid Q4 performance, with total asset values rising and transaction volumes up, according to INREV data. However, the INREV sentiment index fell for the first time this year, reflecting heightened geopolitical risk from the Ukraine war,...
Jay Group Scores $300M Refi for DoBro Project
The Jay Group secured a $300 million refinancing loan from Affinius Capital for its 102 Fleet Place development in Downtown Brooklyn. The debt will fund the completion of the 30‑story, 495‑unit luxury multifamily tower and support lease‑up activities. The project, located near...
Khan and Government Confirm Emergency Measures to Kickstart London Housebuilding
The UK government and London Mayor Sir Sadiq Khan have unveiled an emergency package to revive stalled affordable‑housing projects in the capital. Housing starts have collapsed from 26,386 in 2022‑23 to just 4,522 in 2024‑25, prompting fast‑track planning for schemes delivering at...
Co-Living ‘Microapartments’ Cost Half as Much to Build as Typical Studios
A Pew and Gensler study finds converting office buildings into small co‑living microapartments costs between $123,300 and $238,700 per unit, roughly half the $400,000 price of a new studio in high‑cost U.S. cities. The design places private units along exterior...
Mortgage Applications Up YoY, Weekly Demand Drops
#Mortgage purchase application data remains positive year over year, but weekly demand declined last week. @housingwire @sarahteresa6 #realestate #economics #mortgagerstes #chartdaddy
War Dashes Spring Home Hopes For American Renters
The escalating war with Iran is hitting the U.S. rental market just as spring home‑buying optimism waned. Higher energy prices and supply‑chain disruptions are pushing landlords to raise rents, while prospective buyers face tighter credit and lingering mortgage‑rate uncertainty. The...
Garry Marr: In Canada's Great Downsizing Debate, Staying Put Still Has the Upper Hand
Fitzrovia, a Canadian rental giant with $11 billion in assets, is targeting the growing senior‑down‑sizer segment by offering resort‑style apartments that blend larger units with upscale amenities. Toronto’s 55‑74‑year‑old household count has risen 65 % over two decades, yet many older owners...
Cloudbeds’ 2026 State of Independent Hotels Report Reveals Tightening Margins, Shifting Traveler Behavior, and Rising OTA Dominance
Cloudbeds released its 2026 State of Independent Hotels Report, analyzing 90 million bookings across 180 countries for 2025 performance. Independent hotels saw occupancy dip 0.6% and ADR and RevPAR fall 5.8% and 5.4% respectively, while OTA bookings rose to 63.4% of...
Homebuilders Face Critical Shift Despite Stable Housing Market
Everyone’s asking if the housing market is crashing. It’s not. But something important is happening with homebuilders right now that every investor needs to understand.
U.S. Buyer’s‑Market Pressured by Surplus Inventory and Rising Home‑Improvement Costs
Analysts say the U.S. housing market has turned into a buyer’s‑market, with inventory outpacing demand and home‑buying costs climbing. A 3.2% construction inflation forecast in Ireland and record‑high participation in Lowe’s spring promotions highlight broader cost pressures on buyers.
Cohen & Steers Lifts Infrastructure Fund Payout to $0.165 per Share for Q2 2026
Cohen & Steers' board announced monthly distributions for April‑June 2026, increasing the Infrastructure Fund’s payout to $0.165 per share—a $0.010 rise. All eight closed‑end real‑estate and infrastructure funds will continue regular cash distributions under a managed‑distribution policy, signaling fund health...
Italian Residential Mortgage Market Update 2026
Recent data shows Italy’s residential mortgage market is evolving as house-price growth slows but remains relatively sticky compared with other European economies. Affordability for Italian households is currently better than in many neighboring markets, bolstered by a growing share of...
Feb Home-Sale Contracts Fail at Record 13.7%
"More than 42,000 U.S. home-sale agreements fell through in February, equal to 13.7% of homes that went under contract that month. That’s up from 12.8% a year earlier, and the highest February share in records dating back to 2017." -Redfin
Iran Conflict Threatens U.S. Housing Recovery Beyond Rates
How the Iran war could crush the U.S. housing recovery, and it's not just about mortgage rates https://t.co/ecPYsnXmA5
Cost of Building London Skyscrapers up 40% Since 2020, Report Shows
Construction costs for London skyscrapers have surged 40% since 2018, outpacing most global peers and trailing only New York. Office shell‑core expenses now range from $6,900 to $8,700 per square metre, roughly $6,440‑$8,125 after converting the cited £ figures. The report...
Supply and Distress Drive Home Price Cycles
Supply and distress supply are the big keys; we have 84 years of data on this and many economic cycles with nominal national home prices data. https://t.co/7ojUXodFpL
Outpatient Demand Soars, New Space Scarce and Pre‑leased
Houston is expecting a 16% jump in outpatient patient visits by 2029. New MOB construction under way? Less than 1% of existing supply. What little is being built is already spoken for: roughly 80% of that space is preleased before...
Accordia Puts 13.6‑Acre Dorchester Bay City Parcel Up for Sale Amid Development Slowdown
Accordia, the developer of Dorchester Bay City, has hired Newmark to market about one‑third of the project – a 13.6‑acre, 2 Morrissey Blvd. parcel – as Boston’s life‑science and housing markets stall. The move follows a $110 million purchase in 2019 and...
Sky‑High Rates Stall Existing Home Sales, New Sales Flat
Rates getting to 18% made is less affordable back then, different ways to measure this, but prices & rates exploded. A big variable on why existing home sales haven't finished a year under 4,000,000 the last 3 with with new...
1970s Rates Spiked, yet Home Prices Outpaced COVID Era
From 1977 to 1979, mortgage rates rose from 8% to 13%, yet home prices still grew faster than during the sub-4% COVID years. Rates peaked around 18%, with spreads being quite large at nearly 6%. The spread market today is...
Webinar: Europe’s Housing Markets in a Volatile World
ING is hosting a 45‑minute webinar on 1 April to examine Europe’s residential real‑estate landscape amid higher‑for‑longer interest rates, persistent supply shortages, and shifting regulations. The discussion will focus on the Netherlands, Belgium and Germany, while also addressing energy‑price volatility linked...
Past Home Price Booms Surpassed Covid, No Crash
The hottest home price growth period was 1943-1947, with no bubble crash afterward, and 1977-1979 had even hotter price increases than during Covid, also without a bubble crash. If people bothered to read books instead of burning them, they would...
Sacramento’s Top 10 $2M+ Sales Hotspots Revealed
Here are the top 10 locations for 2M and above sales in the Sacramento region over the past five years. What stands out to you? And what are you seeing at the high-end right now? I’d love to hear your...
IHIF Berlin 2026: Global Investors Redefine Hospitality Returns Amid Iran Crisis and Rising Protests
Global investors, hotel operators and asset managers converged in Berlin for the International Hospitality Investment Forum (IHIF) EMEA 2026, drawing about 2,500 delegates and charging up to €4,500 ($4,900) per ticket. The summit framed hospitality as a resilient, institutional‑grade asset class,...
Fixed‑rate 30‑year Loans Stabilize Debt as Wages Climb
30-year fixed loan. Fixed debt cost and rising wages, even with more people with 6% plus mortgage rates vs 3% and lower. https://t.co/fLDxpBRw15
Purchase Applications Dip 5% Weekly, YoY Growth Slows
Purchase application data, although still positive year over year, showed a week-to-week decline of 5% and the YoY growth slowed down. https://t.co/1ZaOtoeLuN
German Housing Market Likely to Bend, Not Break
German house prices rose 3.2% in 2025, bringing the market back into positive growth after two years of decline, yet they remain about 8% below the 2022 peak. Quarterly price momentum slowed sharply, with only 0.1% growth in Q4 2025,...
AEW UK REIT Weighs All-Share Offer for Alternative Income REIT
AEW UK REIT has entered early‑stage talks to pursue an all‑share acquisition of Alternative Income REIT. The boards of both companies disclosed that discussions are preliminary and no definitive offer has been made. If completed, the transaction would combine AEW’s...
Thailand’s Largest Mall Operator Plans $3.4 Billion Expansion
Central Pattana, Thailand’s largest mall developer, announced a plan to invest more than 110 billion baht (about $3.4 billion) over the next five years. The capital will fund new mixed‑use projects, retail plazas, offices and integrated developments, raising its portfolio to 33...
New Homes Cost More Per Square Foot; Size Must Shrink
New construction always be more expensive PSF than older construction So the only way you can make new homes less expensive than existing homes by making them smaller … on average.
No Commissions, No Repairs, No Wait: The Rise of the Direct Home Buyer
A new wave of direct cash home‑buyers is reshaping U.S. residential sales, with all‑cash transactions reaching a record 53% of deals in 2025. Sellers traditionally shoulder an average 5.57% commission—often exceeding $50,000 on a $900,000 home—plus repair expenses that can...
Wells Fargo Raises $586.3 Million in Commercial Mortgage Conduit
Wells Fargo Commercial Mortgage Trust raised $586.3 million through a conduit transaction (series 2026‑C66) backed by 29 fixed‑rate commercial mortgage loans on 75 properties. The deal issues seventeen certificate classes, with the top‑rated AAA tranches enjoying a 30% credit‑enhancement cushion. The...
Record February Home Purchase Cancellations Hit 13.7%
42k US home purchases were canceled in February which equates to 13.7% of all homes under contract. That's the highest cancellation percentage for any February on record. https://t.co/QuxiWyB3TE
Florida’s Population Surge Drives $126M Residential Real‑Estate Boom
Governor Ron DeSantis says a historic influx of wealth—about $4 million every hour—has pushed Florida’s population past New York’s, sparking a $126 million residential real‑estate surge in just 60 days. Investors are scrambling to capture the upside as demand for homes and...
Housing Researchers Warn Build‑to‑Rent Ban Could Cut 72,000 Units Annually
A coalition of housing researchers and industry leaders has condemned a provision in the bipartisan 21st Century ROAD to Housing Act that would force build‑to‑rent (BTR) communities to be sold to individual homeowners within seven years. They warn the rule...
'Wildly Unaffordable': The Harsh Reality of Shared Ownership
The National Audit Office report highlights that shared‑ownership homes in England, once marketed as affordable, are becoming financially unsustainable due to soaring service charges. Buyers like the Bertagna brothers and Jamie face monthly service‑charge bills that have risen from around...
Tight MOB Supply Drives Record Occupancy and Rising Rents
Constrained MOB supply keeps occupancy high and rents growing. 5 Things to Know: 1⃣ MOB occupancy hit a record 92.7% in 2025, up 30 basis points from the end of 2024. Demand is outpacing every new square foot being delivered to...
Private Money Lending: Passive Returns After Initial Due Diligence
Private money lending is the most passive way to invest in real estate. However, it takes work upfront. Majority of the work will be understanding paperwork, strategy, and how to vet borrowers. Give me a follow on IG and Threads...
How Automation Is Driving Demand for Industrial Real Estate in California
Automation is reshaping California's industrial real estate, turning warehouses and factories into high‑throughput, technology‑driven facilities. Tenants now prioritize power capacity, data connectivity, clear heights and flexible layouts over simple square‑footage metrics. This shift is driving stronger demand for sites in...
Single-Family Home Inventory Rises 1.2% Weekly
3rd Look at Local Housing Markets in February Altos: Active single-family inventory was up 1.2% week-over-week https://calculatedrisk.substack.com/p/3rd-look-at-local-housing-markets-123
Sellers Return: New Listings Surpass 2024 Levels Again
Sellers are continuing to come back to the market after backing off in 2025. This will be the fourth month in a row where new listings outpace 2024 levels. I've wondered if uncertainty regarding the Iran war would cause sellers...