Texas, Florida, California Lead; Who Ranks Fourth?
The biggest three states for existing home sales are 1. Texas 2. Florida 3. California Who is #4?
US Housing Market Splits Amid Ongoing Weather Impacts
Another shocking example of the divided US housing market. I believe a lot of this is still showing weather effects from early in the month. But still... https://t.co/Ze7mUcxJS4
Lease Incentives Impact Yield and Refinancing Strategy
Retail landlords: TI vs. Free Rent isn’t just negotiation — it’s balance sheet strategy. TI = upfront capital out. Free rent = delayed income. Both reduce effective yield. But they affect refinancing and liquidity differently. In today’s lending environment, structure matters more than optics. If you’re...
Banks Fund Real Estate, Not Stocks—Choose Property
If stocks were the best path to wealth, banks would loan you 80% to buy them. They don’t. But they will for real estate. That should tell you something.
2023 Spread Surge Pushes Mortgages to 7.17%
The worst levels of the spreads in 2023 resulted in 7.17% mortgage rates today instead of 5.99%. https://t.co/PkASya1lri
China Home Prices Plunge, Property Slump Hits Growth
China new home prices fell at fastest pace in 3+ yrs (Feb). Macro: property slump drags growth. Key factors: weak demand, limited policy relief. Risks: wealth erosion, consumption hit. Trade: short Chinese property developers/RE ETFs 🔻 — Viktor Kopylov, PhD,...
Demand Rises, Inventory Falls Amid Mortgage Rate Tension
What will happen? What did happen with the housing data last week? Demand went up, inventory went down, but I also have a special section about #mortgagerares and the conflict. @housingwire @sarahteresa6 #realestate #housing #economics #chartdaddy
California's Development Boom: New Opportunities Unleashed
Release the Kraken. A lot of new development opportunities are about to open up across California...
Excited for Bill, Building Revolving Loan Fund Boost
I'm excited about this bill. We're working concurrently to establish the revolving loan fund needed to make it pencil, but it's going to be a lift.
New Lease Rents Slip, Rental Market Softens
WOW Invitation Homes' earnings point to clear softness in the rental market. Renewal rent growth remains positive at +4.2% YoY, but new lease rent growth is negative (-4.1% YoY), a sign that pricing power on new move-ins has weakened @ResidentialClub research...
Snow Data Vanishes, Hits Weekly Housing Report
On this note, snow data is totally fading away from our weekly housing, one more existing home sales report that gets impacted, and that's it
Housing Inventory and New Listings Dip, See Weekend Tracker
Housing Inventory and new listings took a noticeble dip but I do explain it in this weekend's tracker
Spring Median Signals Potential Home Price Rise
Will we see a price uptick this spring? This is what the rhythm looks like. The median isn't a perfect metric (there is no perfect metric), but it gives a helpful shape for the market. Remember, larger homes start selling...
Mortgage Rates Mirror 10‑year Yield Plus Spread
The slow dance with the 10-year yield and mortgage rates has been happening for decades. You just add the mortgage spread variable here, too https://t.co/gavjysTwDz
Industrial Rebound Boosts Nonresidential Construction Stocks 15% YTD
GS: The nascent signs of rebounding industrial activity have lifted our list of stocks exposed to nonresidential construction activity by 15% YTD. Nonresidential construction stocks have sharply rallied recently https://t.co/F8JnFVqvAV
Even Small Mortgage Savings Beat Retail Prices
"Grand slams and home runs are hard to get. But singles and doubles are still wins – that's still less money in the deal than buying at retail price." –Mortgage lender & financing expert Bryan Maddex (Podcast 476)
2026 Focus: Refinancing Over Appreciation for CA CRE
California CRE owners: 2026 is about refinancing — not appreciation. Higher rates + tighter DSCR + lower valuations = equity pressure. If you want to stress-test your property’s refinance position, DM me “REFI.” #CaliforniaRealEstate #CREInvesting #CommercialFinance #RealEstateStrategy #marketshift
Rates Slip Even as Inflation Heat Rises
Why did rates and bond yields drop today despite a hot inflation report? #Labor over #inflation. #mortgagerates #realestate #chartdaddy
Strategic Low Pricing Sparks 94 Offers in Sacramento
There is a property with 94 offers in Sacramento County. This is an insane amount, but this isn't about the market. It's about pricing strategically low. The list price was $199K, the very lowest sales are $300K, and similar-sized flips...
Lawmakers Push Tax Reforms to Curb Investor Housing Advantage
Lawmakers eye tax changes to tackle institutional investors in housing: Semafor "this is not a free market for the American family, because investors… have special tax write-offs… that aren’t available to single families" -Rep. Marlin Stutzman, R-Ind. https://t.co/4JRvuFhZMv
Medical Office Starts Plunge 26%, Prompting Conversion Challenges
Medical office building starts are set to drop 26% in 2026 ... the lowest level in ten years. Developers are turning their attention to office conversions. But even then, the building's design and the math have to be spot on...
Housing Market Trends Outpace Presidential Influence
Home prices were already slowing down before Trump took office, and many markets went negative last year. I don’t think any president can really control the direction of the housing market. https://t.co/LoaiFTlI85
U.S. Home Prices Stagnate, Punta Gorda & Austin Plunge
Freddie Mac House Price Index Decreased in January; Up only 0.4% Year-over-year Punta Gorda House Prices Down 22% from Recent Peak, Austin Down 18% https://calculatedrisk.substack.com/p/freddie-mac-house-price-index-decreased
MBS Spread Re
After the White House confirmed that Fannie Mae/Freddie Mac would increase their retained MBS by $200B, the 'spread'—which had already been compressing—slipped sub 200 bps for the first time in more than 3 years Today is first +200 bps spread since...
Luxury Builds Reduce Affordable Housing, Not Trickle‑down
As Max and others often point out: The more apartments you build for the wealthy, the fewer wealthy people living in moderate- and lower-priced apartments... thereby creating more affordable supply. It's not "trickle down economics." (Different thing.) It's just common sense.
AI-Driven Recession Threatens Benefits of Lower Mortgage Rates
Cheering for lower mortgage rates has always been a delicate balance of hoping for payment relief w/o a wider economic downturn. In other words, getting a cheaper 30-year fixed without a big increase in unemployment or a stock market crash. The fact...
Buyers Favor Fresh Listings Over Last Year's Inventory
Buyers are liking new supply. So many of the stats right now are showing spring vibes as crusty listings from last year expired, and buyers are focusing on the new stuff. https://t.co/OoyH4E4hAI
Canada's Red Tape Stalls Projects for Decades
Canada Is Being Destroyed By Bureaucracy & Over Regulation It takes an average of 19 years to get an approval to build a new Mine Australia's shipping Liquid Natural Gas to Canada's East Coast: Canada has 300 years of Gas Reserves Let's look...
SB 1216 Rewards Cities Actively Building Housing
All of the bills we're sponsoring are great, but I'm especially excited about this one: after years of state mandates to plan and adopt policies, SB 1216 will recognize cities that are actually building housing and afford them warranted flexibiltiy/grace...
Product-Level Demand Separates Winning Industrial Deals
The real opportunity right now? Understanding product-level demand. Not all industrial is equal in 2026. If you’re evaluating an industrial deal in California and want a disciplined underwriting perspective, DM me “INDUSTRIAL.” #CaliforniaCRE #IndustrialInvesting #WarehouseSpace #CREStrategy #CommercialInvestor
From Lender to Fintech: Tapping $13T Mortgage Market
Big quarter for figure: - 50% marketplace → they've become a fintech platform, not a lender - 19% first lien → they've entered a market 32x larger than their original one (HELOCs are $400 billion Market. 1st lien mortgages are $13...
Rental Market Mirrors Resale: Lower Rents, Slower Turnover
I spoke at a property management event today, and the general consensus is the rental market is somewhat like the resale market. Slightly lower rents, it’s taking longer to market properties, the good stuff goes quickly, and overpriced listings sit.
Permits
Permits and builders' confidence data would be more solid if that were the case. https://t.co/N1nLoES68j
Institutional Home Ownership Boosts Rental Diversity, Not Affordability
The only empirical finding I've seen on the effect of institutional ownership of single-family homes is that it makes neighborhoods slightly more diverse, to the extent that rentals are more accessible to more households. The issue is an affordability red...
Rocket and Compass Join Forces to Challenge Zillow
Rocket and Compass team up in challenge to Zillow’s grip on housing Rocket Companies—which now also owns Redfin + Mr. Cooper—announced today a new partnership w/ Compass "Compass International Holdings' 'Coming Soon' listings will appear immediately on Redfin, with 'Private Exclusive' properties...
Freezing California's Building Code Prevents Stricter Updates, Chaos
Some YIMBYs were mad mad that California froze the building code through 2031, on the idea that it would block hypothetical good code updates like single stair. But the reality of annual code updates is actually just an ever-stricter code...
Homeownership Up, America Not Turning Renter Nation
Is America becoming a renter nation? The answer is an unequivocable "no" according to U.S. Census data. Today's homeownership rate of 65.7% is: +0.6 ppts since pre-COVID +1.9 ppts since 10 years ago +0.4 ppts above the long-term average +0.9 ppts above the long-term median +1.0 ppt...
Shelter‑driven Inflation Easing as Vacancies Rise, Wages Slow
Fed doves have happy tears, since over 40% of CPI inflation is due to shelter and wage growth is slowing down. Rising rental vacancies mean it's unlikely to see breakaway inflation again. @housingwire @sarahteresa6 #mortgagerates #inflation #economics #realestate #chartdaddy
DR Horton Sells Atlanta Home at 26% Discount
This house, south of Atlanta, is priced at an astounding $120 PSF. 5 bedroom, 5 bath, 3,500 SF. DR Horton is the builder, and they're selling this at 26% discount to the industry cost for new construction ($162 PSF, per NAHB)....
Sub‑6% Mortgage Rates May Spur Buyer Confidence
Good to see Freddie Mac's weekly mortgage rate survey go sub-6% too. Not because it changes the math much, but because it will result in more positive news headlines and boost consumer sentiment. The type of stuff that can get prospective home...
SB 79: Infill Housing Near Transit, A Missed Environmental Victory
SB 79, which legalized hundreds of thousands of new infill homes within walking distance of transit, is perhaps the biggest environmental win of a generation, yet the old guard of environmentalism can't even recognize it as such.
Housing Market Snapshot: Latest Home Price Index Insights
Today’s podcast covers the state of the union housing talking points and the recent home price index reports @housingwire @sarahteresa6 #realestate #housing #mortgagerates #economics #chartdaddy
Home Prices Need Multi‑Metric View, Not Just Median
What are home prices doing? Here’s a look at some traditional price metrics and a few price indexes. I think it’s important in today’s market to look beyond just the median and average. https://t.co/flulXSqx4R
Real Estate Investing Begins With Financing, Not Money
Most people think real estate investing starts with a big bank account. In reality, it starts with understanding financing, deal structure, and tax strategy. Inside my Strategic Tax Savings Blueprint, I walk through how investors approach real estate differently so they can...
Turn Idle Home Equity Into Productive Cash
"Equity in a home is unemployed Benjamins. Redeploying that equity puts those Benjamins to work." –Bryan Maddex* *Our favorite mortgage lender & financing expert. Learn more → https://t.co/6LQHDFuiBV
Rent Rolls Must Always Include Options and Option Rents
hey guys, I can't do much with a rent roll that doesn't show options and option rents/fmr - including that stuff should be standard 100% of the time
Bipartisan Bill Misattributes Housing Prices to Investors
The crazy train is getting crowded. We now have a bipartisan Senate bill to block large investors from buying houses. The entire premise is based on misinformation, which I'll lay out here: STATEMENT 1: One co-sponsor, Sen. Hawley, shared his rationale this...
Bozzuto Invests $1 B to Revitalize Aging Properties
Why developer Bozzuto Group is deploying $1 billion toward older buildings @CNBC @Bozzuto @Yardi #realestate #realestateinvesting #rent #housing https://t.co/xWwXMgYJvp
Houston Leads Top Five Markets for New MOB Construction
🏥 Top Markets for New MOB Construction 1⃣ Houston 2⃣ Memphis 3⃣ Kansas City 4⃣ Los Angeles 5⃣ El Paso & Washington DC https://t.co/WGeA6KolkA
NYC Homeowners Face Nearly 10% Property Tax Rise
NYC Home Owners do you think this is FREE? Property Taxes going up nearly 10%