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:
Trump Vows To Make Housing Affordable While Keeping Values Up as He Praises the ‘Golden Age of America’ in State...
President Donald Trump used his State of the Union address to pledge affordable housing while insisting home values must stay high. He highlighted falling mortgage rates, citing a drop from 7.04% to 6.01%, and urged Congress to make permanent an executive order banning institutional investors from buying single‑family homes. Trump also directed Fannie Mae and Freddie Mac to purchase an additional $200 billion in mortgage‑backed securities to further lower rates. Critics noted discrepancies between his job‑creation claims and independent data on construction employment.
Spicerhaart’s Expanding Partnership Model Wins Backing From Agents
Spicerhaart’s haart Partnership Scheme is expanding nationally, backed by agents who cite increased autonomy, profitability and work‑life balance. Testimonials from Jack Pollock, Roger Jackson and Janette Churchill illustrate how the model blends self‑employment flexibility with corporate resources such as tech,...
Conveyancing Costs Surge – What’s Driving the Jump?
The Property Solvers study reveals conveyancing fees in the UK climbing well above inflation, with freehold sale costs hitting £1,317 in 2026—a 10.6% rise year‑on‑year. Leasehold and remortgage fees also posted double‑digit increases, outpacing the 3% CPI. Regulatory, AML, and...
Missed $15k‑$60k US Homes During GFC
That time during the GFC when you went to buy U.S. real estate, found thousands of listings in a few zip codes with asking prices from $15k CAD to $60k CAD, and Canadians real estate “experts” told you that it...
Master Five Skills, Close a Deal in 30 Days
If you want a deal in 30 days, master these five things: finding sellers, negotiating contracts, finding buyers, raising capital, and managing construction. Learn the skills, get paid.
Homeowners Gain Equity, Entry-Level Buyers Still Struggle
UK homeowners have amassed roughly £677 bn of equity since the 2008 crisis, driving the average loan‑to‑value ratio down to 59%, well below the 70% peak in 2012. By 2024, only 42% of private homes retain a mortgage, indicating a shift...
House GOP Meets Treasury on Large‑investor Home Ban
"House Republicans will travel to the Treasury Department on Wednesday morning to meet with Treasury Secretary Scott Bessent and discuss the large investor prohibition. Members will also discuss the Housing for the 21st Century Act" https://t.co/BwCRGysRG8
Vermont's Statewide Pre‑approval Needed; Local Opt‑in Hampers Scaling
This effort in Vermont to establish statewide pre-approved plans is a step in the right direction—key to the scalability needed for affordable infill housing, especially modular/manufactured housing. But making it a local "opt in" kind of undermines that. https://t.co/RxlmZXG3iY
Starwood Property Trust Inc (STWD) Q4 2025 Earnings Call Transcript
Starwood Property Trust reported a $225 million cash‑out refinancing gain on its Florida multifamily portfolio, effectively extracting four times the original equity and hinting at a potential $1.5 billion upside. The firm completed its fourth CRE CLO, pricing at 165 basis points...
Home Prices Stay Resilient Across 2.75%-18% Rates
The history of home prices when rates ranged from 2.75% to 18% during this period. https://t.co/I0aE7X40Jt
Chicago's Migration Reverses: In
Migration patterns for the Chicago MSA in the past few years really illustrate what I've called "The Great Stay." Q2 2025 was the first period in many years where inbound migration exceeded outbound migration. Over the last 8 years, total moves...
St Joe Co (JOE) Q4 2025 Earnings Call Transcript
St. Joe Company posted a 63% revenue jump and a 130% surge in net income for 2025, driven by a 94% rise in residential revenue and higher home‑site pricing. Residential gross margins climbed to 53% from 39%, while leasing and...
Tri Pointe Homes Inc (Delaware) (TPH) Q4 2025 Earnings Call Transcript
Tri Pointe Homes reported delivering 1,217 homes in the quarter at an average price of $672,000, generating $817 million in sales revenue and a 21.6% adjusted gross margin after $8 million of inventory charges. The company repurchased 1.5 million shares for $51 million, reducing...
Newmark Group Inc (NMRK) Q4 2025 Earnings Call Transcript
Newmark Group reported a 25.9% revenue jump to $863.5 million in Q3 2025, with double‑digit growth across all major lines. Capital markets revenue surged 59.7% as debt volumes rose 129% and investment‑sale activity jumped 67%. The company completed the RealFoundations acquisition, launched...
Chatham Lodging Trust (CLDT) Q4 2025 Earnings Call Transcript
Chatham Lodging Trust reported mixed Q3 results and outlined a Q4 outlook marked by modest RevPAR declines and steady earnings. The REIT sold five low‑performing hotels at roughly a 6% cap rate, repurchased about 500,000 shares at $6.85, and expanded...
SmartStop Self Storage REIT Inc (STSFF) Q4 2025 Earnings Call Transcript
STAG Industrial reported Q4 2025 core FFO of $0.66 per share and $2.55 for the year, a 6.3% increase YoY, driven by 5.4% same‑store cash NOI growth and record leasing activity. The company added 31 leases covering 3 million square feet,...
Angel Oak Mortgage REIT Inc (AOMR) Q4 2025 Earnings Call Transcript
Angel Oak Mortgage REIT reported a second consecutive year of double‑digit net interest income growth, with NII rising 11% YoY to $41.1 million and GAAP net income jumping 53% to $44 million. Operating expenses fell 15.5% year over year, while loan purchases...
Kennedy-Wilson Holdings Inc (KW) Q4 2025 Earnings Call Transcript
Kennedy-Wilson Holdings reported a record $30 billion in assets under management, a 70% increase since 2021, and deployed $1.7 billion of new capital in Q2, bringing year‑to‑date deployment to $2.6 billion. The firm generated $250 million in cash from non‑core asset sales, exceeding its...
Service Properties Trust (SVC) Q4 2025 Earnings Call Transcript
Service Properties Trust reported Q2 2025 results highlighting a rapid hotel disposition program, with non‑refundable deposits received for 111 Sonesta hotels worth $900 million and three additional hotels pending at $20 million. The company expects total 2025 hotel sales of $966 million, representing an...
Energy Recovery Inc (ERII) Q4 2025 Earnings Call Transcript
FrontView REIT reported Q4 2025 results with occupancy approaching 99% and annualized base rent (ABR) rising to $62.9 million, up $1.6 million from the prior quarter. The REIT completed seven acquisitions at an average 7.5% cap rate and funded its 2026 net‑acquisition...
Circle Internet Group Inc (CRCL) Q4 2025 Earnings Call Transcript
Centerspace reported solid Q4 2025 results, with same‑store NOI up 3.5% and revenue rising 1% despite a modest occupancy dip. The company completed $493 million of portfolio transactions, entered Salt Lake City, expanded Fort Collins, and trimmed exposure in Minneapolis. Guidance...
EPR Properties (EPR) Q4 2025 Earnings Call Transcript
EPR Properties reported Q4 2025 adjusted FFO of $1.37 per share, a 5.4% year‑over‑year increase, and AFFO of $1.39, up 7.8%. Total revenue rose to $182.3 million and the company’s investment base reached $6.9 billion across 330 properties, with 99% occupancy. Management...
Episode 2 of Multipliers – Cuby: Building More With Less (Plus Sourcing Construction Materials)
Cuby Technologies, led by COO Aleks Gampel, is tackling the chronic housing shortage by deploying Mobile Micro‑Factories (MMFs) that produce components on‑site, slashing construction time to about 60 days at roughly $103 per square foot. The startup also built a...
Private Credit Boom Delays Maturity Wall, Now Cracks Appear
What my post from December 2023 overlooked was the massive expansion in private credit. Private credit stepped in aggressively to fill financing gaps, refinance maturities, and provide bridge capital, delaying the "wall of maturities" many buyers were eager to capitalize on. Now...
Cap Rates, Supply, and the 2026 Multifamily Market
Neal Bawa warns that 2025‑2026 will be a muddle year for multifamily as the final wave of new supply overwhelms demand, pushing concessions to over a third of units and flattening rent growth. Cap rates have already fallen about 30%...
Milo Hits $100million Milestone in Crypto Mortgages Following Record $12million Deal
Fintech firm Milo announced it has originated over $100 million in crypto‑backed mortgages, highlighted by a record $12 million single transaction. The company attributes its growth to AI‑enhanced underwriting, real‑time collateral monitoring, and a zero‑margin‑call track record. Interest rates average...
Dream For A Few
A new down‑payment assistance program lets homebuyers receive funds in exchange for sharing future equity. Buyers who qualify for an FHA loan with 3.5% down keep all appreciation, while others must surrender a portion of future gains. Critics ask what...
PROPTECH-X : Most Buildings Have a Data Room, What if that It Could Be a Revenue Stream Too?
PropTech‑X highlights that most commercial buildings already host a data room—an on‑site hub for networking, IoT, and edge computing. The series proposes converting this underutilized infrastructure into a revenue‑generating asset by leasing bandwidth, hosting services, and providing localized cloud resources....
Rates Slip To
The daily average mortgage rate dropped to 5.99% on February 23, the lowest level since September 2022, except for a few hours on January 9 when rates fell to the same level. A buyer on a $3,000 monthly budget can afford...
Hanley Investment Group Arranges $1.9 Million Sale of Ground Lease in Indianapolis
Hanley Investment Group Real Estate Advisors arranged the sale of a new single‑tenant ground lease for a McDonald’s restaurant at Southern Dunes Commons in Indianapolis for $1.9 million. The lease is a 20‑year absolute triple‑net agreement backed by McDonald’s corporate guarantee....
Bed Bath & Beyond Expands Into Home Financing Services
Bed Bath & Beyond plans to offer mortgages, HELOCs, renovation loans, and title services. They are also partnering with Figure Technologies to deliver digital home equity products to consumers. The move apparently advances its objective of becoming the "Everything Home Company."
CPN Launches Major B7bn Expansion of Central Phuket
Central Pattana (CPN) is allocating 7 billion baht to expand its Central Phuket mixed‑use complex, boosting the gross building area from roughly 300,000 to 500,000 sq m and lifting total project value above 26 billion baht. The plan doubles the luxury zone, adds a...
Chase Rolls Out Another Mortgage Rate Sale as Rates Fall Below 6%
JPMorgan Chase has launched a limited‑time mortgage rate promotion that applies to both home‑purchase and refinance loans. The program offers an automatic 0.25 percentage‑point discount, with rates potentially dropping from 5.50 % to 5.25 %, and is available until March 8 2026 with a 60‑day...
Short Takes: Home Prices Tick Up / Chase Offering Rate Discount / Bed Bath & Beyond Getting Into Mortgages /...
Home prices edged higher in the latest quarter, while Chase announced a modest rate discount to spur loan demand. Retail giant Bed Bath & Beyond entered the mortgage origination space, signaling non‑traditional players’ interest in housing finance. Bayview Capital began stocking GSE‑eligible loans...
Spring Accelerates Sales: Days on Market Drop
Seeing spring vibes in the stats as expected. It’s taking less time to sell. Here’s a preliminary look at days on market. The dotted line for March is based on pending contracts in February.
Mortgage Rates Dip to Lowest Since August 2022
Actual LOCKED mortgage rates hit the lowest point since August 2022, per Optimal Blue real-time data. The 30-year fixed fell to 5.945% yesterday for a conforming loan backed by Fannie/Freddie. FHA was 5.859% and VA an even lower 5.608%. Decent.
First Street’s Jeremy Porter Urges Holistic Approach to Assessing Climate Risk Impact
Jeremy Porter, chief economist at First Street, highlighted the shift toward a holistic view of climate risk on the REIT Report podcast. He explained that physical climate threats now ripple through assets, suppliers, commodities, customers, and transportation networks, demanding integrated...
GTA New Home Sales Hit 45‑Year Low Amid Population Boom
246 New Construction Homes Sold In The GTA In January: Lowest Since 1981: What Is Going On Here? Lowest in 45 Years? Even Though the Population is more than DOUBLE This a truly disturbing number Why is it happening? How did we get...
Study’s Condo Price Metric Ignores Fees, Misleads
The perfect r example of why not accounting for HOA/Fees + Insurance is an incomplete indicator of “prices” … Which is the methodological error at the core of the paper cited in the viral Atlantic article on housing The study follows...
U.S. Home Prices Show Modest Year‑Over‑Year Gains in December
Case-Shiller: National House Price Index Up 1.3% year-over-year in December FHFA House Prices up 1.8% YoY in December https://calculatedrisk.substack.com/p/case-shiller-national-house-price-129
Medical Office Rent Growth Returns to 1.9
🏥 Medical Office Update: Rent growth is settling back to historical norms (1.9% YoY) as the inflation wave passes. Individual metros still vary widely. Despite the normalization, occupancy remains at a healthy 92.5%. High construction costs are keeping supply in check....
Large Homes Driving Spring Price Surge in Market
Larger homes are starting to get into contract. The dotted line represents preliminary sales for February and pendings that will close in March. We typically see a spring uptick in prices, and some of that has to do with the...
Yoda Targets Transamerica Pyramid Amid German Investor Pressure
#Yoda to buy #TransamericaPyramid, #SanFran icon. as seller #Shvo faces mounting tension w/#German investors. #BVK #DeutscheFinance #realestate #CRE #BayArea #mortgage #foreclosure #MandarinOriental #Egypt https://t.co/7oosJbQTvE
Smaller Starter Homes Make Housing Affordable for Young Families
We need to build *smaller* housing Smaller is the primary attribute of "Starter Homes." It's smaller SO THAT that a younger family can afford it, earlier It's why @americanhousing is building rowhomes. They're the perfect prototype. And have been for centuries. In...
Amazon Invests $12B in Shreveport Data Centers, Boosting LA Jobs
#Amazon in $12B love affair w/#LA as it plans series of #datacenters near #Shreveport. 'Puts LA at center of operations relied on acx country+connects our community to jobs' #ecommerce #infrastructure #realestate #CRE #AI #electricity #GovLandry https://t.co/27YgUCMaNa
Spring Slashes Home Sale Times, Days on Market Drop
Seeing spring vibes in the stats as expected. It’s taking less time to sell. Here’s a preliminary look at days on market. The dotted line for March is based on pending contracts in February. https://t.co/Jqac1DVmAr
Rare 240‑Unit West Palm Beach Deal Under $300K/Unit
Offers Due March 4: Rare, (240-unit) Surface-Parked Multifamily Offering, 7min from Downtown West Palm Beach - Asking less than $300k/door (built in 2019) with a 3.91% Fixed Rate Assumable Loan
Data Center Expansion Hits Critical Inflection Point
Property Play: Data center expansion reaches an ‘inflection point’ https://t.co/iqTShSOBHO @JLL @NuveenInv #realestate #realestateinvesting #datacenter #AI