Today's Real Estate Pulse
Updated 2h ago
Home sales dip 3.6% in March as job growth stalls, but median price hits record $408,800
Existing‑home sales fell 3.6% in March, slipping to a seasonally adjusted annual rate of 3.98 million. The median home price rose 1.4% to a record $408,800, while condo transactions dropped 7.9% year‑over‑year.
Also developing:
By the numbers: Bascom Group acquires The Ellison for $103M
Infinite Erie Unveils $68 Million Plan for 250 New Homes to Tackle Erie’s Affordability Gap
Infinite Erie released a regional housing‑affordability analysis and announced a $68 million Housing Accelerator that will create 250 new units, including supportive housing for 50 chronically homeless residents. The plan underscores stark income gaps and a shrinking population that have left Erie lagging on affordable‑housing metrics.
Unexpected Midwest and Northeast Inventory Decline Challenges Forecast
My assumption had been that Sun Belt inventory would stabilize this year while northeast/Midwest inventory would continue to grow, but IL/NY/MA inventory being down YoY is forcing me to reevaluate the view.
Entrepreneur Turns Cold War Missile Silo Into $10M AI Data Center
Australian venture capitalist Nik Halik has purchased a decommissioned Cold War missile silo near Denver for more than $10 million and is converting it into a state‑of‑the‑art AI data center. The project illustrates a growing trend of entrepreneurs re‑imagining obsolete infrastructure...
Housing Shortage, Not Money, Solves California Homelessness
If we just keep throwing money at the California homelessness crisis without addressing the underlying issue, which is severe shortage of housing, voters are eventually going to get fed up over the lack of results and stop voting to throw...
California's Homeownership Decline Calls for Massive Housing Build
California has the second lowest homeownership rate in the US after New York, and we've lost ground over the past 20 years. This is not healthy. We need to build a lot more housing and create the next generation of...
Bascom Group Acquires The Ellison Apartment Community for $103M
The Bascom Group paid $103 million to acquire The Ellison, a 294‑unit apartment community in Las Vegas’ Summerlin/Spring Valley submarket. Completed in 2024, the five‑story property features a rooftop pool, spa, and fitness amenities. Debt financing was arranged by Newmark...
Toro Development Company and Ascentris Secure $90M Construction Loan for Medley Encore
Toro Development Company (TDC) and its capital partner Ascentris have closed a $90 million construction loan to fund the second phase of the Medley mixed‑use project in Johns Creek, known as Encore. The financing will support the addition of seven new...
Point Of No Return
The speaker argues the US-led global economic system is irreversibly broken, driven by structural monetary forces rather than fixable policy failures. They contend maintaining dollar dominance—via control of shipping lanes and ‘deals in dollars’—means continued debt issuance, geopolitical intervention, and...
How Inflation Is Going to Impact Mortgage Rates
In the latest HousingWire Daily podcast, editor-in-chief Sarah Wheeler and lead analyst Logan Mohtashai examine how the March CPI jump to 3.3%—driven primarily by higher energy costs—will shape Federal Reserve policy and mortgage rates. They explain that persistent inflation could...
Renting Beats Buying Now?!
The discussion centers on whether Canadians should rent or buy in today’s high‑cost housing market, using the simple 250‑to‑1 price‑to‑rent rule as a decision‑making shortcut. Data points illustrate how price‑to‑rent ratios have ballooned—Toronto’s reached 400, while Vancouver households now...
Why Some Property Markets Boom & Others Not - Hidden Property Investing Force | Simon Kuestenmacher
The video argues that Australia’s property markets are shaped less by macro‑economic variables and more by the behavioural patterns of distinct demographic "tribes." Simon Kuestenmacher explains that these tribes—ranging from YOLO‑style renters to affluent DINK couples—create predictable demand pockets that...
21st Century ROAD to Housing Act: Impact on Large Institutional Investors
On March 10, 2026 the Senate passed H.R. 6644, the 21st Century ROAD to Housing Act, adding Section 901 that bars large institutional investors—those controlling more than 350 single‑family homes—from buying additional units. The provision also forces divestment of certain newly built,...
The Closer – Fedspeak, Housing Affordability, Positioning – 4/13/26
The Federal Reserve’s recent commentary has turned noticeably more hawkish, a shift that historically dampens forward equity returns. At the same time, mortgage rates have rebounded to roughly 6.5%, squeezing housing affordability. Existing‑home sales have slumped to their lowest level...
TruAmerica Obtains Buckhead Apartment Tower At Steep Discount: The Atlanta Deal Sheet
TruAmerica Multifamily acquired The Tower on Piedmont, a 20‑story, 155‑unit apartment tower in Buckhead, for $44.8 M—about a 35% discount to the $69 M price paid in 2021 and far below the $85.8 M 2012 purchase price. The price is only slightly above...
Toronto Retractable‑roof Office Tower Scrapped; Boutique Hotel Plan Approved for 160 John St.
Constantine Enterprises Inc. withdrew the long‑awaited 11‑storey retractable‑roof office tower at 160 John St., citing a weak downtown office market, and submitted a new boutique‑hotel concept featuring 43 rooms and a 142‑square‑metre restaurant. The shift reflects Toronto’s pivot from office...
Ares Management Secures $5.4 B LP Shift to Value‑Add Real Estate Funds
Ares Management closed a combined $5.4 billion in commitments for its US Real Estate Fund XI and European Property Enhancement Partners IV, marking a decisive LP rotation toward value‑add real‑estate strategies. The raise comes as rising cap rates pressure core‑plus funds...
Blackstone Nabs $154M to Refi Downtown Miami Office Complex
Blackstone secured a $154 million refinancing for the 2‑building, 339,000‑square‑foot MiamiCentral office complex in downtown Miami. The loan was provided by CIM Group’s private‑credit fund and brokered by Eastdil Secured. Blackstone bought the asset for $230 million in 2021 and now occupies...
Why Do Older Sellers Get Less Money for Their Homes than Younger Sellers?
A new Center for Retirement Research study finds older homeowners earn lower returns when they sell, with an 80‑year‑old realizing about 0.5% less per year than a 45‑year‑old. On a median $400,000 home this translates to roughly $20,000 less revenue....
Kastle AI Integrates with ICE's Mortgage Servicing System
Kastle AI announced a native integration with Intercontinental Exchange’s mortgage servicing platform, MSP, enabling servicers to deploy its AI agents without building custom infrastructure. The connection lets the AI agents, such as Avery, access loan data and execute workflows directly...
Mortgage Rates Hold Steady Over The Weekend
Mortgage rates held steady near 6.40% for the third consecutive day, despite bond market swings triggered by weekend news of the Iran conflict. The average top‑tier 30‑year fixed rate edged 0.02 % higher than Friday before modest mid‑day declines brought it...
Slate Property Group Leases 52 William Street to Homeless Services Nonprofit
Slate Property Group, which bought the former Radisson Hotel at 52 William Street for $95 million in 2024, has signed a lease with Highland Park Community Development Corporation, a nonprofit that serves people at risk of homelessness. The 119,467‑square‑foot, 20‑story building,...
