Local NIMBY Votes Drive Housing Prices Sky‑High
This is why your housing is so expensive Not Blackstone, not "greedy landlords" Just your mom, dad, & neighbors voting for NIMBY local politicians who then prevent housing from being built That's why you pay tens of thousands of dollars more than you need to Simple as that
Vegas Vacancy Rate Hits 10‑Year High, Rents Plummet
Las Vegas apartment vacancies are spiking. And landlords are not happy. 7.6% of Vegas apartments are now sitting vacant, the highest level in nearly 10 years. (Triple the pandemic low of 2.4%). 4 years ago, rents were soaring, and there was no availability. Now...
Pending Sales Rise YoY, Driving Inventory Decline
Another week of positive year-over-year growth in our weekly pending sales data, and it's biting inventory lower now. 😉 A lot more with tracker article this weekend
Banning Institutional Investors May Worsen Housing Affordability
'The housing paradox: why banning institutional investors could make affordability worse' Commentary by Amherst CEO Sean Dobson in @FortuneMagazine (no paywall) https://t.co/mXFQpGRK2m
All Major Homebuilders Face Year‑Over‑Year Margin Compression
All 11 of the biggest homebuilders tracked by ResiClub are seeing year-over-year margin compression Homebuilders—especially those with a big presence in some of the softer markets in Texas and Florida—are still in cost-cutting mode ResiClub PRO report: https://t.co/w9iTXbeCx0
Rent Now, Sell Later When Market Improves
If you have a property that is not going to sell for what it’s worth, you might consider holding onto it, renting it out, and then selling it later on when the market is better. Follow @chasecalhoun.realestate for more on build-to-rent...
Mortgage Spreads Curb Rates Amid Iran War Concerns
Mortgage spreads continue to keep mortgage rates in check as Iran war sp... https://t.co/iBMRx6aFsB via @YouTube
Weak Jobs Data Drives Mortgage Rates Downward
Another horrendous jobs report saved mortgage rates today. Had it come in hot, we'd likely have a 30-year fixed closer to 6.25% again during peak home buying season. Granted, w/o the conflict in Iran we'd probably be at 5.875% or lower...
Inventory Surged Pre‑recession, Now Below Normal Levels
Home sales peaked in 2005 Home Sales crashed from 2005 to 2008 Inventory spiked before the recession started 2005 2.5 million Inventory 2007 4,000,000 Inventory Currently at 1.22 million Normal is 2-2.5 million Credit channels have run inventory channels for...
Inflation and Job Loss Cripple 2026 Real Estate
Surging inflation and sagging employment double whammy for the fragile real estate market in 2026 https://t.co/4yrdR28tG3
Regional Price Gaps: Some Homes Beat, Others Miss List
Selling above or below? Here’s a look at properties that sold above, below, and at the original list price last month in the wider region. The market isn’t the same in every location. Any thoughts? https://t.co/8CHHvxLyKV
Rate Shock Slashes Listings; Gradual Recovery Underway
As soon as the rate shock occurred—and switching costs surged—we saw U.S. new listings fall a notch as some of that attempted churn was knocked off That effect was most acute out of the gate Ever since, we’ve slowly seen new listings...
Choosing Infill and Mountain Sites to Cut Construction Costs
This undershoots the mark. At @americanhousing we're already under these (in some places) Because conventional methods are labor intensive, construction is higher in places with: 1) High rents 2) Scarce labor That's why we're building in: 1) Infill Cities 2) Mountain towns
HSP Sells Land at Premium, Dividend Rises, Not a Hold
#HSP selling a 2nd tranche of its renewable energy land portfolio for £6.8m, at 6% uplift to independent valuation. ShareScope has fwd p/e 12.4 falling to 12.2 and fwd Divvy 5.1% rising to 5.2%; nice income. I don't hold.
Japanese Builders Accelerate U.S. Homebuilder Acquisitions
Japan’s big bet on the U.S. housing market got even bigger last week Japanese builders are rapidly acquiring U.S. homebuilders—now Daiwa House is buying United Homes That came just 10 days after Japan-based Sumitomo Forestry said it's buying Tri Point Homes...
Florida Inventory Dips; Connecticut Buyers Still Stuck
Florida is one of the few places where active inventory is down a little year-over-year right now Also: Connecticut homebuyers still can't catch a break Analysis via @ResidentialClub https://t.co/cp8T0N2iHu https://t.co/OFTPOagq2t
Homeowner Numbers Stagnant; New Laws Fuel Economic Shift
That is not the scale of homeowners in America for 15 years now. The QM laws of 2010 and the 2005 BK reform law changed a lot for American economics https://t.co/SfPRuod5EC
Rising PITI Costs Shatter 2020‑24 Sales Threshold
Total PITI costs surged for housing and in a QM lending environment that was set to crush sales. I had a price model limit for 2020-2024: if we didn't surpass 23% during those five years, we would be okay; we...
Fannie Mae Predicts Steady 6% Mortgage Rates Through 2027
Fannie Mae: Get use to these mortgage rates Fannie Mae's forecast for the average 30-year fixed mortgage rate: Q3 2026 --> 6.0% Q4 2026 --> 6.0% Q1 2027 --> 6.0% Q2 2027 --> 6.0% Q3 2027 --> 6.0% Q4 2027 --> 6.0%
Opendoor's Sacramento Margins Remain Razor‑thin Despite Improvement
Pulled some #Opendoor stats in Sacramento. They are doing better than a few years ago, but some razor thin margins. This is the dollar difference between acquisition price and resale price. Real estate fees, holding costs, credits, & repairs costs...
Mortgage Rates Set for Volatile Swings Amid Global Uncertainty
My biggest takeaway right now regarding mortgage rates is to expect heightened volatility. They will likely bounce around a lot more than normal thanks to the ongoing conflict in the Middle East. The good news is 30-year fixed rates remain near ~3-year...
Walk Away When Bridge Debt, Low DSCR, Thin Yield Spread
Here’s how to identify when a deal is too risky: Sometimes the deals you don’t do are more important than the deals you do This 40-unit deal that I underwrote a while ago had 4 major deal breakers 1. Having to take...
Homeownership Isn't the Only Path to Millennial Wealth
If you’re a millennial, you need to stop believing that owning a home is the ONLY way to build wealth. It is just one part of the puzzle and an optional one at that. If you can’t own a house,...
Florida Condos Diverge: $60K Loss vs 11% Gain
Florida condo owners lost $60,000 in equity in one year. Orlando condo owners gained 11%. Same state. Same year. I break down exactly why — and what happens next. https://t.co/fY7zpTVEkE
Chicago Investor Secures Third Multifamily Property in Year
In long-term bet, Chicago investor buys third multifamily property in city in less than a year https://t.co/6uKHH6SzQR
US Homebuilding Follows Demand, Halts at 120K Units
As a country, we simply don't ever build on a supply-first model; we only build based on our demand curve. This is why the builders pause when total completed units for sale just hit 120K, for decades https://t.co/S6RwyAA3hO
Homeowners Cling to Low Rates, yet Many Still Move
Given this situation, millions of Americans could afford and even need to move, but they stay in homes they no longer want because they do not want to lose their low mortgage rates. Yet each quarter, people have given up...
Atlanta Condos Plunge 25%, Buyers Find Bargains
Atlanta condo down 25% from peak value. Seller taking $40k loss. And now listed at pre-pandemic pricing. The condo market in many cities is getting smoked right now. (with some decent buying opportunities starting to show up). In this case - the HOA fee is...
We Build, Own, and Sell Homes—No Customization
We don’t do customization and we don’t build homes on other people’s land. We buy land. we build homes on that land. and then we sell those homes to American families
Home Sellers Relist Fastest in Decade Amid Low Supply
Home sellers are relisting properties at fastest pace in a decade, but spring supply is still low https://t.co/nuOAzLHBun
Manufacture Quality Homes Directly in Desired Neighborhoods
Even more novel idea: Use manufacturing to build NICE housing in the places people want to live https://t.co/gmQAr9C8Ap
Airbnb Purchases Deliver Tax Breaks, Depreciation, Passive Income
The smartest clients I’ve helped buy Airbnbs purchased for Tax Benefits of owning Real Estate 100% Bonus depreciation Owning Long Term Passive Income Last
Housing Market Tightens, Home Receives 94 Offers
The housing market has tightened a little lately. I’m not saying it’s 2021 again. I’m just saying supply and demand have squeezed together a little. More thoughts on my weekly blog along with a discussion about that one home that...
War in Iran and Inflation Push Mortgage Rates Near 6%
Today’s podcast discusses a theory of mine on why #mortgagerates are near 6%, with hotter inflation data and the war with Iran driving up oil prices. @housingwire @sarahteresa6 #economics #realestate #housing #chartdaddy
Record Low Sales Set Stage for Modest Rebound
Home Sales & Home Prices Keep Dropping In BC & Ontario: The Sales May Improve Even If Prices Keep Falling The February Home Sales Numbers continue to look awful just like January But here's the thing about horribly low numbers: eventually the...
Restricting Bank Foreclosure Threatens New‑Build Lending
I understand the principle of precluding large firms from buying existing homes. They do “compete” with young families and raise prices. But the ROAD to Housing needs to be **clearly** re-written. Preventing "investors" from owning homes they built not only affects...
Sergey Brin Joins Tech Elite with $51M Miami Purchase
Another boldface #tech name decamps to #SoFla. #Google cofounder #SergeyBrin pays $51M for waterfront home of #LVMH boss #MichaelBurke on #AlisonIsland, joining the #Zuckerbergs+fellow Google creator #LarryPage. #realestate #mortgage #Miami #CoconutGrove https://t.co/3BfAXAnLCz
Second‑Generation Restaurant Spaces Offer Ready‑Made Opportunity
Touring a second-generation restaurant in Dupont Circle today and I’ve been getting a lot of calls about it. 3,700 square feet across two floors on Connecticut Ave with the Dupont Metro two minutes away. Second-generation restaurants create real opportunity because the infrastructure...
Homebuyer Demand Hits Record Low, Price Cuts Needed
Reventure's Homebuyer Demand Index just updated for the first week of March. The monthly reading stayed at 6/100. The 3-month rolling average dropped to 8/100. 50 is "normal". Note that during the last crash, the index never dropped below 29/100. Indicating just...
Homebuilders Cut Starts, Offer Incentives Amid Low‑Ball Offers
Atlanta Fed Beige Book: “Homebuilders pulled back on housing starts and utilized incentives to shrink speculative inventory. Some builders reported home buyers shopping around for the best deals and often presented “low-ball” offers. This is especially true in the entry-level...
First‑time Buyers Now 40; Delaying Assets Stalls Wealth
The average first-time homebuyer is almost 40 now. If young people don’t start owning assets, they’ll never build wealth...
Turn Distressed Assets Into Home Runs with Yield‑based Underwriting
How do I underwrite deals to ensure that (if I get my offer price) the deal ends up being a home-run? This is how. This is a real deal I submitted an offer on a while ago. 56 units, priced at...
Early-Year Listings Stagnate; Sellers Tentatively Re‑Enter Market
In recent years we've seen more new listings between January and February, but that wasn't the case this year. Just something on my radar. On one hand, we've started to see sellers come back to the market, but I'm not...
Starbucks Proximity Boosts Real Estate Investment Returns
Do you pay attention to Starbucks proximity for residential or commercial real estate investing? Follow @chasecalhoun.realestate for more on build-to-rent and real estate investing. #realestate #investmentproperty #buildtorent #starbucks
Rent Cuts Trigger Nationwide Landlord Sell‑offs
Investors are selling properties after months of cutting rent. And it's happening all over the U.S. The owner here is a Wall Streeet Landlord. They purchased for 195k in 2012 and have rented it out ever since. And rent has gone...
Mayor Mamdani's Optimism Cracks over Tax and Housing Plan
Engquist: Ding ding ding. Cracks appear in the resolutely optimistic #MayorMamdani's armor as qs rise over prop #taxes+#Sunnyside #affordablehousing. #realestate #CRE #multifamily #NYC #Queens https://t.co/SKMyuFhL5X
Purchase Applications Rise YoY, Five Weeks Double‑Digit Growth
Yes, it's true that even with the snow this year which is melting away, purchase application data is up year over year every week this year, with 5 weeks showing double-digit growth. @housingwire @sarahteresa6 #realestate #housing #mortgagerates #chartdaddy
Mortgage Rates Hover Near 5% as Jobs Data Looms
Mortgage rates have eased back toward the 5s today, potentially due to oil transport assurances from the President. The 30-year fixed is just 8 bps away from a 5-handle again, despite the ongoing conflict in the Middle East. Jobs report on Friday...
Investors' Small‑Bay Industrial Vision vs Harsh Reality
How institutional investors think small bay industrial looks like vs what is does look like https://t.co/eLj2NHCCOQ
NAHB Warns Congressional Housing Bill Will Curb Supply
National Association of Home Builders: The Congressional housing package being pushed through right now would HURT housing supply NAHB: The latest version of the bill would 'undermine' build-to-rent construction The @NAHBhome email obtained by @PunchbowlNews/@BrendanPedersen 👇