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:
Why ARMs Are Rising Even as Rates Drift Lower
Adjustable‑rate mortgage (ARM) originations climbed in 2025 despite falling 30‑year fixed rates, reaching a 20.5% share of conventional volume, the highest in three years. The 5/1 ARM remained about 80 basis points cheaper than the fixed‑rate benchmark, saving borrowers roughly $500 per month on a $1 million loan. Growth concentrated in high‑cost markets such as California, D.C., and Massachusetts, and in luxury transactions above $1 million. Analysts warn that while ARMs offer short‑term affordability, they expose borrowers to payment shock once the fixed period ends.
Sales May Beat Forecast Despite Slight YoY Decline
2nd Look at Local Housing Markets in February Altos: Active single-family inventory was down 0.6% week-over-week https://calculatedrisk.substack.com/p/2nd-look-at-local-housing-markets-b1a My sense - based on limited data - is sales will be above the consensus forecast, but will likely be down slightly year-over-year.
Toronto Condos In Recession, Filled With Supply No One Wants: BMO
BMO Capital Markets declares Toronto’s condo segment in recession, citing a 9.5% year‑over‑year price drop and sales falling 6.4% in February. The market is awash with new units, many of which lack buyer interest, leading to project cancellations and delayed...
California ‘Dream For All’ 2026 Open Through March 16 for First-Time Home Buyers
California’s Housing Finance Agency has reopened the Dream For All Shared Appreciation Loan program, offering first‑generation, first‑time homebuyers up to $150,000 in down‑payment or closing‑cost assistance. Applicants must meet income and residency criteria and are chosen through a lottery, with...
Steven Roth Sells Former Queens Department Store to Northwell Health for $236M
Steven Roth sold the 340,000‑square‑foot former Alexander’s department store in Queens for $236 million, generating roughly $150 million in profit. The property, vacant since Burlington and Marshalls left, includes a 1,236‑space parking garage and sits near the Long Island Expressway. Northwell Health,...
California Is Booming With New Investors—Here’s Why the Long-Term Prospects Could Become a Cash Cow
San Luis Obispo County has become California’s third‑hottest market for single‑family home investment, with 7,454 purchases last year. The surge is driven primarily by mom‑and‑pop investors—small owners who hold fewer than five properties—who now own about 91% of the state’s...
Renovate-to-Rent Crucial as Investors Outspend Homebuyers
Encouraged to see pro-housing voices pushing to keep build-to-rent. I'd also suggest pushing to keep "renovate-to-rent." Three things: 1) Freddie Mac wrote in 2022 that investors "heavily target under-market-value homes that need more repair than what most first-time homebuyers are willing to...
Wealth Clusters Around Corridors, Not Sectors
The “Corridor Gravity” Law Why 80% of Real Estate Wealth Is Created Within 2–3 km of One Road Most people buy property based on: • sector number • builder brand • brochure amenities But in real estate, the real economic unit is not the sector. It’s the...
Megaworld Raises P945 Miilion From Sale of MREIT Shares
Megaworld Corp. raised P945 million by selling 70 million MREIT shares at P13.50 each, adding to prior REIT fundraises of P1.32 billion in December and P2.24 billion in September 2025. The proceeds support a P65 billion capital‑expenditure plan focused on provincial township expansion. MREIT posted...
The Top 10 Most Expensive Streets in the UK Revealed - Do You Live on One?
Rightmove’s latest analysis reveals Winnington Road in Barnet as the UK’s most expensive street, with an average asking price of £12.5 million. London dominates the top‑ten list, contributing nine streets, while the sole non‑London entry is East Road in Elmbridge, Surrey,...
Texas Housing Market Cools
Texas home prices slipped 1.2% to a median of $335,000 in 2025, while most metros posted price gains and sales volume rose modestly. Active listings jumped 23.1%, pushing months of inventory to 4.6, a level near market balance. Fourteen of...
Limited Supply Keeps Prices High, No 2008‑style Dip
So much talk about another 2008 price collapse, but that's very challenging to get with 2026 stats. I'm not sugarcoating. All I'm saying is very limited supply has kept prices higher. Not much of a dip over the past four...
Nearly 40,000 ‘Shovel-Ready’ Affordable Homes in California Are Stuck in Financial Limbo, Report Finds
A new Enterprise Community Partners report finds that 39,880 affordable housing units across 461 California developments are shovel‑ready but stalled due to insufficient state funding. The projects, which could house over 432,000 low‑income households, require $2.3 billion in subsidies, $1.8 billion in...
Greater Las Vegas Area Housing Market Shifts to Buyers
The Las Vegas housing market tipped toward buyers in February 2026 as median single‑family prices slipped to $481,995, a 0.6% year‑over‑year decline, and condo prices fell 5.9%. Inventory rose sharply, with a 17.2% increase in listed single‑family homes and a...
Report: Texas Needs ‘Hundreds of Thousands’ of New Homes to Meet Demand
Realtor.com’s latest report finds Texas faces a severe housing shortfall, needing hundreds of thousands of new homes to keep pace with rapid population growth and in‑migration. Despite leading the nation in homebuilding, the state’s supply lagged for a second consecutive...
Cities Must Signal Long-Term Investor Confidence, Not Just Regulations
Fact 1: On today's numbers, apartment buildings take 15-20 yrs to pay back the investment in building them. Fact 2: To justify that investment, investors need to expect the buildings to generate returns for decades thereafter. So, if your city wants private...
Early 2026 Sales Lag 2025, March May Recover
The first two months of the year have started off with lower closed sales volume than 2025. The hope is for March 2026 to be a little higher in light of slightly more pendings lately. https://t.co/Ctj0EyVXqx
Dubai's Real Estate Faces a Hard Test
Dubai’s property market entered 2026 on a record high, with AED 917 bn in 2025 transactions and residential prices up 60‑75% since 2021. In January 2026, residential values surged 44% year‑on‑year, reinforcing the city’s reputation as a safe‑harbour for wealth. The sudden...
Homeowners Resist Affordable Housing, Celebrate Rising Rents
You are forgetting nobody wants their towns to get cheaper. They want their homes to appreciate and for poor people to be priced out of becoming their neighbors. The developers, landlords and homeowners in Austin are PISSED rents are dropping.
Florida Metros See Home Values Decline Across the Board
Every major metro area in Florida has experienced declining home values in the last year. Orlando, Tampa, Jacksonville, Lakeland, Naples. Now even Miami is getting in on the action. Demand and sales volume continue rest at the lowest level in nearly 15 years....
Penzance to Invest $4B for West Virginia Data Center Build
Penzance, a Washington, D.C.-based real‑estate developer, announced a $4 billion private investment to build a 1.9 million‑square‑foot data center campus in Berkeley County, West Virginia. The facility will generate 600 MW of IT power and create roughly 1,000 construction jobs during development. The...
Rockefeller Center Hits 98% Lease at Record Rents
The iconic Rockefeller Center. Ben Epstein and his team handle the leasing, and they’re crushing it. 6.5M square feet, 98% leased. Rents? The highest they’ve ever seen. Fun geeking out on the market - hard to imagine a more incredible leasing assignment anywhere. https://t.co/yBZqAs7D2v
KKR, Puma Launch £500m UK Living Sector Lending Joint Venture
KKR and UK developer Puma have launched a £500 million joint venture to provide debt financing for the UK living sector. The partnership will supply bridge and construction loans to best‑in‑class developers aiming to deliver new homes. By combining KKR’s deep...
Proposed Bill Could Halt Rental Construction, Raise Rents
Are elected officials about to pass the "Rental Inflation bill?" The requirement to sell future Build-to-Rent homes to homeowners within 7 years will effectively stop the construction of rental homes, decreasing new supply and thus increasing rents. https://t.co/SEU7Kc03c3
London’s Square Mile Posed for ‘One of Best Years’ in Construction
London’s Square Mile is poised for one of its strongest construction years, driven by record‑low vacancy and robust demand for premium office space. Tender price inflation has eased to low single digits and interest rates are trending down, improving project...
Low Rates Trap Sellers, Stalling Housing Turnover
Symptom of the low mortgage rate golden handcuffs narrative that’s keeping housing market turnover depressed
Home Contract Cancellations Edge Down: The Top Markets Where Deals Are Most Likely To Close
Home contract cancellations slipped to 7.2% in February 2026, down from 7.4% a year earlier and 7.6% in January, signaling growing buyer resolve. At the same time, pending home sales rose 4.2% year‑over‑year, the strongest gain in 15 months, buoyed...
How Kalshi, Polymarket Bets on Mortgage Rates Are Being Watched by Lenders
Mortgage‑rate prediction markets have launched on Kalshi and Polymarket, letting traders wager on the 30‑year fixed‑rate mortgage’s path in 2024. Kalshi has generated over $16,000 in volume since its January debut, while Polymarket’s activity remains under $1,000. The markets track...
Late Manhattan Landlord’s Townhouse with Rare Indoor Pool Comes to Market
A historic red‑brick townhouse on West 74th Street is listed for $14.9 million, featuring a rare 41‑foot indoor swimming pool with skylight. The five‑story, 6,500‑sq‑ft residence includes five bedrooms, six full baths, two elevators, and a terrace‑enabled primary suite. Purchased by...
Rising Mortgage Interest Rates Cause Selloff in Apartment Market
Rising mortgage rates in Vietnam have surged to 13‑15 % and even 15‑16 % for floating loans, doubling many borrowers' monthly payments and prompting a wave of forced apartment sales. Sellers are slashing prices by 10‑15 % as buyer inquiries fell 20‑28 % month‑on‑month,...
Delhi's Khan Market Sees 8% Rental Growth of Retail Space Last Year, 14% Rise at Gurugram's Galleria Market: Cushman
Delhi’s high‑street retail market posted solid rent growth in 2025, with Khan Market climbing 8 percent to Rs 1,700‑1,800 per square foot, while Gurugram’s Galleria Market led the region with a 14 percent increase. Across Delhi‑NCR, monthly rents rose between 2 and 14...
Urban Stickiness Vanished; People and Capital Won’t Return
The stickiness that once anchored people and capital to great cities is gone. It is not coming back https://t.co/D0BFIOpVUy
Modern Materials That Are Redefining Commercial Infrastructure Value
Modern commercial construction is abandoning traditional wood and brick in favor of high‑performance metals, composites, and modular systems that promise longer service lives and lower upkeep. The rise of data‑intensive tenants drives demand for moisture‑resistant, tech‑ready infrastructure, prompting developers to...
Landlords Facing £26bn ‘Green Tax’ to Meet Government’s Energy Targets
Landlords in England and Wales must bring 3.38 million rental properties up to a minimum EPC Band C by October 2030 under the government’s Warm Homes Plan. The average retrofit cost is £7,633, rising to over £12,000 in rural and northern areas, creating...
PROPTECH-X : PRS Sector Sees £79bn Value Loss in the Last 36 Months
The UK private rented sector (PRS) has shed £79 billion in value over the past 36 months, a 5.1% decline and the only housing segment to fall since early 2022. In contrast, the broader residential market grew by £336 billion, up 3.8%....
Apac Property Investors Recalibrate as Data Centres Go Mainstream: CBRE Survey
Asia‑Pacific property investors are entering 2026 with a cautiously firmer outlook, shifting capital toward sectors that still offer supply constraints and structural demand. A new CBRE survey shows data‑centre assets have become mainstream, attracting the strongest investor interest across the...
The ‘Subscription’ Home: The Rise of the Luxury Real Estate Waiting List
Brooklyn‑based luxury developer Eckstrøm is using a subscription‑style waiting list, called the Little Black Book, to sell 60% of its townhomes off‑market. The model lets vetted ultra‑wealthy buyers lock in properties 12‑18 months ahead and co‑design finishes such as Danish...
Zillow Predicts Near‑flat Rent Growth, Easing Inflation Pressure
Zillow just updated their 2026-27 rental market forecast. They're projecting single-family rent growth at only +1.1% in 2026, and +0.5% in 2027. With multifamily rents dropping -0.2% and -1.5%. They also project CPI rent growth to fall to ~1.0% by early 2027, which...
Where to Invest: A Pragmatic View of Hospitality in 2026
Andrew Carey argues that 2026 could become a turning point for hospitality investment as interest rates retreat and debt constants settle between 7% and 9%, reopening the door to positive leverage. However, cap‑rate expectations have not yet risen, keeping pricing...
Add Bedrooms, Boost Rent per Sq Ft in Tight Markets
A game-plan that works in supply constrained markets: Identify older buildings with apartments that are too large relative to the number of beds and baths they have (for example a 1,000 sq ft one bed). During renovation, using permits, reconfigure the units...
Housing Inventory May Turn Negative Despite Low Rates
Kinda embarrassing for the #housing 2008 crowd, and, worse than 2008. At this pace, if rates stay low, inventory might show some negative week-to-week data. 🤯🤯🤯😳😱 What a bunch of scrubs 😁😉🥂 @housingwire @sarahteresa6 read the tracker reports and join...
UI Boustead Reit: A New Entrant in Singapore’s Industrial Reit Space
UI Boustead Reit will debut on the SGX mainboard on March 12, offering a S$1.9 billion portfolio of 23 logistics and industrial assets across Singapore and Japan. The portfolio, valued at a 1.0 times price‑to‑net‑asset‑value, delivers an 89.4% occupancy rate and a forecast distribution yield...
Austin Hits Record Low Rent-to-Income Ratio
It's actually never been cheaper to rent in Austin, TX. The Rent/Income ratio across the metro has dropped to 18.3% - the lowest on record (going back at least 20 years). Landlords are aggressively cutting rents at a time when incomes in...
Inventory Growth Slows, February Still Outpaces Season
This ResiClub table helps you see through the seasonal inventory shift noise The inventory growth slope has decelerated from last year However, based on the February figure—the most important print of the year—we’re pacing a tad above the normal seasonal pace https://t.co/6IrsSaR9mW
Home Prices Dip 1.38% YoY, Falling Since October
List prices are 1.38% below last year. Home prices have been negative since October and are moving lower, relative to last year. Here's two views https://t.co/xHl3d0HNvs
Bellevue New Apartments Skew Toward Studios, Not Families
Look at the distribution of units built in Bellevue, Washington. In buildings since 2010 with more than 20 units ... over 70% of new units are Studio or 1BRs, and less than 2% have 3+ bedrooms We don’t build apartments for...
High‑Income Job Losses Undermine Local Housing Outlook
High-income job declines don’t work well for the housing market. This is a trend (namely at local level) we’ve been hammering on the last few years as we maintain a weak outlook for housing in general. https://t.co/jN2DMafhy5 https://t.co/NhCzjO8knR
Housing Inventory Growth Slows Sharply, Risks Negative Prints
The housing market shifted mid-June 2025. Inventory growth was running at 33% and now it's running at 6.91% with a risk of some negative week-to-week prints. https://t.co/VgpdKDUPpd
National Inventory Set to Turn Negative, Price Cuts Decline
The National Inventory is expected to turn negative at some point this year, and the percentage of price cuts is lower compared to last year. Whoever you're getting your housing info from, I would question them about this. https://t.co/AHHEytiMoR
Price Parking, Reclaim Lots for Housing Development
"That's why we have these vacant lots, if you get rid of that (free parking) and find a median price for parking where it's kind of expensive you can then build buildings there and people will live there." - @bertkreischer ...