California Cities Split: San Diego Vacancies Rise, SF Rents Surge
California cities: progress toward RHNA... San Diego: 29% ... highest vacancy rate in 15 years, rents falling Los Angeles: 18% ... San Francisco: 5% ... rock bottom vacancy rate, fastest rising rents in the country https://t.co/dcF33RmwJ2
Fed Chair Choice Won’t Drive Mortgage Rates, Here’s Why
I've heard from Redfin agents that some homebuyers are waiting for President Trump's pick for Fed Chair to lower mortgage rates before they buy. In this video I explain where that logic goes wrong and what actually moves mortgage rates: https://t.co/x7Qk1wyckH
Most Homes Sell Off the List Price, Often Lower
Sellers, don't get stuck on the original list price. Be willing to budge. Most of the time, you'll either go higher or lower (greater chance of lower today). When looking at a dozen counties, here is the % of homes...
North Chicago Bidding Wars Lift Prices $60K Above Ask
Insane price wars on N side of #Chicago, as competition pushes prices 6 figures over ask in nabes like #LincolnPark #Lakeview #WickerPark. Avg premium rose $60Gs #realestate #mortgage #https://therealdeal.com/chicago/2026/04/08/chicago-north-side-bidding-wars-push-prices-up/
Mortgage Spread Holds Near 6%, Avoids 7% Spike
It could have been much worse today, but closer to 6% than above 7%, hug a #mortgage spread. #realestate #housing #economics #chartdaddy
UWM Leads 2025 Lender Rankings; Captive Builders Absent
Top mortgage lenders of 2025... Of note, UWM in first place for third year in a row. No home builder's captive lenders in the top 10. And former mortgage giant Wells Fargo back in.
Scalable Real Estate: Hospitality, Operations, Market Strategy
In this episode, George Salas breaks down how experiential hospitality, disciplined operations, and strategic market selection are turning short-term rentals into a scalable investment strategy. If you’re serious about scaling in real estate, this is one you don’t want to miss. Tune...
Purchase Applications Up 1% Weekly, Down 7% YoY
Purchase applicaiton data update +1% week to week -7% year over year First negative YoY print of the year, working off a harder one-week comp https://t.co/RPol0wlsHM
Purchase Index Climbs 1% Weekly, Still 7% Below Year‑ago
"The seasonally adjusted Purchase Index increased 1 percent from one week earlier. The unadjusted Purchase Index increased 1 percent compared with the previous week and was 7 percent lower than the same week one year ago."
Medical Outpatient Property Fundamentals Reach All‑Time High
Texas Medical Office Snapshot | Q1 - 2026 The fundamentals have never been better in medical outpatient properties. https://t.co/Kvf1F1VxFj
Better Spreads May Push Returns
10’s back in the bowl and spreads getting a tad better can get you sub 6% on 15 easy, it might even happen tomorrow, mid 5% near closer to 4%! https://t.co/Kt4rjgTehd
Migration Slowdown Turns Pandemic Housing Boom Into Demand Shock
Many housing markets that saw the biggest deceleration in net domestic migration after the Pandemic Housing Boom still have positive domestic inflows—but the slowdown has still delivered a negative housing demand shock https://t.co/u4W9wWipUU
Coastal Housing Markets Shed Residents Annually, Absorbing Loss
High-cost coastal housing markets like NYC and Seattle lose Americans each year. Here’s how their housing markets absorb it My latest for ResiClub: https://t.co/5YEJtZKG4d
Simple Joint Ventures Let Doctors Own Their Office Spaces
A lot of people watch Billions or Suits and get conned into thinking they need to come up with some incredibly clever business strategy to succeed Couldn't be farther from the truth My mentor started off investing in office buildings Purely by...
Mortgage Rates Dip, Spread to Treasuries Narrows to 212 Bps
The average 30-year fixed mortgage rate today: 6.44% Same day last year: 6.82% ------------------- 10-year Treasury yield today: 4.33% Spread today: 212 bps
Boomers Leverage Lower Rates for Tax‑free Cash
This would be a better argument if boomers did not have the ability to pre-pay the mortgage and reset their interest rate Instead, every time rates went down, boomers could lever up and take more $$ (tax free) for consumption and...
Landlords Accept Massive Office Tower Losses After COVID
Th Four Stages of Offices Grief, finally reaching Acceptance. WSJ: “Landlords and their lenders held on to their office towers for years, hoping for a turnaround after Covid. Now, they are accepting enormous losses.“ https://t.co/5MKOtfeAFm
SF Detached Homes Selling 20% Above Asking Prices
Stats in San Francisco are wild. Properties on average last month sold almost 20% over the asking price. These are detached homes (not condos). Are there any other markets in the country where the norm is to price lower on...
7‑Year Sell Rule Threatens Build‑to‑
I suspect whoever wrote Section 901 of the ROAD to Housing Act heard that many investors have 7-year holds, and so they added a requirement that investors must sell build-to-rent homes after 7 years. But it's so much more complex than...
Pandemic‑bought Rental Now Faces $25k Loss
Seller taking a $25,000 loss on this house. They bought at pandemic peak and tried to rent it out. But the rental market turned south, rents getting cut, property taxes up. And now the owner has been trying to sell...
Flat Yields Signal Recession Concerns over Inflation
Should we be concerned that bond yields and mortgage rates are flat/down in the midst of current events? Especially on the back of a hot jobs report... You can call it "wait or see" or maybe things are a lot worse...
Homebuyer Financing Varies Widely Across Local Counties
Who is buying a home right now? Here’s a look at reported buyer financing in MLS sales in 12 local counties. This is also a good reminder that the market isn’t the same in every location. https://t.co/GRkvX7kcrU
March Rents Rise Modestly as Supply Overhang Dampens Growth
Apartment rents increased in March (the start of the leasing season), but more muted than normal. Demand remained solid despite the economic headwinds, but still playing catch up to the supply overhang from 2023-25 (biggest supply wave since 1970s). As CoStar's Grant...
Housing Market Resilient Amid Rising Mortgage Spreads
Today's podcast discusses #mortgage spreads and how the #housing market is holding up with wartime #economics @housingwire @sarahteresa6 #housing #chartdaddy
Housing Prices and Rent Ratios Slip Below 2022 Peaks
Inflation Adjusted House Prices 2.3% Below 2022 Peak Price-to-rent index is 9.7% below 2022 peak https://calculatedrisk.substack.com/p/inflation-adjusted-house-prices-23-7a7
Ethnic Grocers Fill Gaps Left by Legacy Chains
Shoppers closes in Capitol Heights. New Grand Mart leases the 34,000 SF within months. Legacy grocers are shrinking. Ethnic and international grocers are expanding into exactly the spaces they leave behind. Is your retail asset positioned for who’s actually growing...
Upper‑middle Class Pays More, Gets Less
The upper middle class is caught in a trap, and many of them don’t realize it. The houses are getting smaller, the lounges more crowded, and the schools pricier. My latest on how the upper middle class is paying more and getting...
Homebuyer Interest Surges 32% as Demand Beats Inventory
Maybe home buyers haven't thrown in the towel just yet... The average daily page views per for-sale listing on Zillow was 32% higher this March versus last March. "This demand signal outpacing inventory growth is showing the first signs of improvement...
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...
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%...
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...
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
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...
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
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...
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...
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...
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. ...
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.
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
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...
Mortgage Spreads High; 8% Rates Demand Booming Economy
With where mortgage spreads are at with the Fed Funds Rate, 8% rates would need a booming economy with job and wage growth picking up again Spreads got as high as 3.11% in 2023, currently at 2.11% https://t.co/25afwLqFtN
Invest in OC & San Diego: Scarcity at Discount
We’ve been leaning heavily into Orange County & San Diego—and it’s not by accident. In a world where capital is chasing “cheap,” we’re focused on irreplaceable: • Coastal supply constraints that are nearly impossible to replicate • High-income, sticky renter base • Chronic underbuilding...
Utah Multifamily Outperforms Hype with Sustainable Growth
Utah multifamily is one of the few markets where the fundamentals still quietly outperform the headlines. • Top-tier population growth (driven by jobs, not speculation) • Land constraints + disciplined development • Household formation > new supply over the long run While others chase...
LTV Hits Historic Lows, Unchartable Since 2008
The total LTV data is so low now that I can't even chart it back to 2008 when it was running back in the mid '80s 💀😏🎭 #housing #realestate #economics #mortgage #chartdaddy @housingwire @sarahteresa6
Decades of 2‑4 Unit Sales in Sacramento
Just in case you wanted to see 2-4 unit sales in Midtown / Downtown Sacramento over the past decades... Something on my desk right now. Have to play some catch-up this weekend... https://t.co/50FWeNE0El
Homebuyer Inertia Hits Record, Demand Plummets
It's starting to look like a rough spring and summer housing market. Homebuyer inertia is at record levels, and 83% of my YouTube followers are either not buying this year or only buying if prices drop 20-40%. Confirming why home...
AI Liquidity Surge Boosts Austin Real Estate Outlook 2027
My hot take is the AI liquidity events are bullish Austin real estate in 2027.