Today's Real Estate Pulse
Hamptons luxury market stays hot as developers pour $300K into wellness amenities
The Hamptons continues its real‑estate boom, with high‑end homes like a $30 million Georgica estate attracting buyers. Developers are allocating as much as $300,000 per property for wellness features such as infrared saunas and IV drip services. The trend underscores sustained demand for premium amenities in the region.
Also developing:
Peterson Co. Plots Three-Building Data Center Campus in Leesburg, Virginia
Peterson Companies, through its affiliate Leesburg Gateway, LLC, has filed a permit to build a three‑building, 600,000‑sq‑ft data‑center campus on more than 100 acres in Leesburg, Virginia. The plan includes four additional industrial structures and a 22‑acre public park, but would require rezoning from residential‑retail to industrial use. The Leesburg planning commission has recommended denying the application, and the Piedmont Environmental Council opposes the project over wetlands impact and concerns about town character. Peterson hopes the development will generate millions in annual tax revenue for the community.
Homeownership Falls Below 25‑Year Average at 65.
"The latest homeownership rate declined to 65.3% in the first quarter of 2026 ... Compared to the peak of 69.2% in 2004, the homeownership rate is currently 3.9 percentage points lower and remains below the 25-year average rate of 66.3%." -NAHB
Largest Lenders Generate 20% of Total Mortgage Volume
Mortgage originations hit $2.12 trillion in 2025, up 1.7% YoY, while a tiny elite of lenders captured disproportionate market share. The top five banks produced just over 20% of total volume, and 1% of lenders accounted for roughly half of all...
SA Property Values Surge as Homeowners Brace for Rate Hikes
South Australia’s property market posted a fresh record in Q1, with the statewide median house price climbing 2.97% to $875,250 AUD (≈$577,000 USD) and Adelaide’s metropolitan median jumping 4.84% to $975,000 AUD (≈$644,000 USD). Year‑over‑year values surged 14.4%‑15.1%, adding roughly $110,000 AUD (≈$73,000 USD) to the...
Build Housing First, Then Consider Rent Control
Here is the problem with the "rent control + build public/social housing supply" argument: You shut down supply on Day 1. It then takes years to build the new housing program and more years to build the housing itself. Meanwhile you just exacerbated...
US Mortgage Rates Rise to 6.30% as Buyers Face Payment Squeeze
U.S. mortgage rates ticked up to a 30‑year average of 6.30%, reversing a three‑week decline, while Freddie Mac reports purchase applications running more than 20% above last year’s level. The 15‑year fixed rate also rose to 5.64%. Although rates remain below...
Mortgage Calculator: Here’s How Much You Need To Buy a $415,000 Home at a 6.30% Rate
Mortgage rates edged up to 6.30% for the week ending April 30, reversing three weeks of declines but still below the 6.76% average seen in April 2025. For a median home price of $415,000, a 20% down payment translates to a $332,000...
FreshCo Targets Underserved Markets with Winnipeg Opening
FreshCo, the discount banner of Sobeys Inc., will open a new store on Burrows Avenue in Winnipeg in Fall 2026, reviving a grocery space that has been empty since 2016. The move is part of Empire Company’s broader strategy of converting...
St. Joe Company Posts Record Q1 Hospitality Revenue, Expands Florida Land Portfolio
The St. Joe Company posted $99.1 million in first‑quarter revenue, a 5% rise, driven by a record $44.7 million hospitality haul. While real‑estate revenue grew modestly, leasing fell 10% after the Watercrest senior‑living sale, and the firm secured a 2,653‑homesite DSAP contract with...
Tyson Foods and Lexington, Nebraska Strike Deal to Repurpose Closed Beef Plant
Tyson Foods and the city of Lexington, Nebraska have agreed to transfer the closed beef‑processing plant’s wastewater facility and farmland to the municipality, a move that follows the plant’s January shutdown that eliminated 3,200 jobs. The partnership seeks private investment...
Lincolnwood Town Center Mall to Be Demolished in Three Phases Amid Rising Vacancies
Lincolnwood officials approved an ordinance to demolish the 35‑acre Lincolnwood Town Center mall in three phases, starting later this month. The plan, backed by owners Prairie Ridge Development and XR Advisors, aims to replace the mall with a big‑box discount...
Mixed-Use Affordable Housing Opens at Vermont/Santa Monica Station
The Santa Monica & Vermont Apartments, a six‑story mixed‑use development adjacent to the B Line’s Vermont/Santa Monica Station, opened with 187 affordable studio, one‑, two‑ and three‑bedroom units. The project includes 20,000 sq ft of ground‑floor commercial space, a health center, and...
Survey: 4 Out of 5 Workplace Leaders Lack Spatial Occupancy Data Needed to Lower Office Costs
Butlr’s new survey of 400 U.S. commercial‑real‑estate and facilities leaders reveals that four out of five lack reliable spatial occupancy data. Only 19% base space‑planning decisions on data, while 36% rely on gut instinct, resulting in heated, unused space and...
Regency Centers Beats Q1 2026 Earnings, Raises Net Income Forecast
Regency Centers reported a 4.4% rise in same‑property NOI for Q1 2026 and lifted its net‑income forecast to $2.45‑$2.49 per share. The REIT kept full‑year guidance for Nareit FFO and core operating earnings while highlighting robust leasing, a $450 million debt...
12-Story Affordable Housing Development Prposed at 315 N. Vermont Ave.
Holos Communities has applied to the Los Angeles Department of City Planning to replace a vacant commercial building at 315 N. Vermont Avenue, on the Koreatown/East Hollywood border, with a 12‑story, 113‑unit affordable housing project called Goody Square. The development...
New Apartment Complex Unwrapped at 2450 S. Barrington Ave. In Sawtelle
Developer Rick Dreyfuss unveiled a six‑story, 50‑unit multifamily project at 2450 S. Barrington Ave in Sawtelle. The building includes 40 standard one‑, two‑, and three‑bedroom apartments plus ten accessory dwelling units created from former recreation rooms, and provides parking for 61 cars....
Texas Data Centers' Demand for Electricians Is Delaying Housing Construction by 2 Months
Texas’s rapid data‑center expansion is siphoning electricians away from residential projects, forcing home‑builders to postpone construction by up to two months. The state’s pool of roughly 71,000 licensed electricians is being stretched thin as AI‑driven firms allocate 45‑70% of their...
Loans in Focus: Blackstone Refinances Nine PBSA Assets, Lender Club Provides £450m for Luxury London Hotel, Generali Finances Madrid’s Four...
Blackstone’s iQ Student Accommodation platform secured a €657.5 million (≈$710 million) refinancing covering nine UK PBSA assets. A consortium of lenders, led by Doha Bank, provided a £450 million (≈$563 million) senior loan to refinance the Chancery Rosewood luxury hotel in London. Generali Real...
Housing Prices Slip Below 2022 Peaks, Rent Gap Widens
Inflation Adjusted House Prices 2.6% Below 2022 Peak Price-to-rent index is 9.9% below 2022 peak https://calculatedrisk.substack.com/p/inflation-adjusted-house-prices-26
Rent Control Drives Developers to Halt New Projects
If you really think rent control doesn't reduce supply, go spend time talking to apartment developers who build that supply -- and ask them why they're not building in St. Paul MN or Montgomery County MD and why they've frozen...
Inflation Adjusted House Prices 2.6% Below 2022 Peak
The February Case‑Shiller report shows the nominal National index hitting a new all‑time high, while real‑adjusted prices are 2.6% below the 2022 peak. In inflation‑adjusted terms the National index remains 9.8% above the 2000 bubble high, indicating long‑term upward momentum....
90‑95th Percentile Earners Find No Bay Area Homes
This is between 90 and 95 percentile household income and your single family housing options in the Bay Area are *file not found*
Sacramento Listings Slightly Down Year‑over‑year, Still Historically Low
The number of active listings is slightly lower than one year ago in Sacramento. It's better than two years ago, but still historically low. By the way, we're going to start comparing this year to a dull market last year,...
New York Alone at the Top
S&P CoreLogic’s latest Case‑Shiller report shows mixed momentum across the 20 major metros as of February. Thirteen cities posted month‑over‑month gains, with San Francisco leading at a 1.9% rise, while Minneapolis, Boston, Dallas and Phoenix slipped. Year‑over‑year, only eight metros...
High Prices and Labor‑Intensive Builds Fuel Cost Spiral
And lower construction In coastal cities (and mountain towns) construction costs are higher because housing prices are currently high ... and site-built construction method is labor intensive It's a vicious cycle
Younger Buyers Prefer Smaller Townhouse-Style Homes
This is literally the real estate thesis of @americanhousing ... The way to deliver what these younger Americans want is to build new, nice, and most importantly **smaller** single family product in neighborhoods where they want to live. Like townhouses....
Exclusionary Language in Shared Rental Listings
Researchers analyzed roughly 90,000 Craigslist listings in Los Angeles and found that shared‑rental ads are generally cheaper and more geographically dispersed than whole‑unit rentals. However, these listings frequently include detailed personal‑trait criteria, turning existing tenants into gatekeepers. The language emphasizes...
Markets Thrive While Sentiment Falters and Rates Rise
How c/#SP500 be near all-time high but consumer sentiment near all-time lows? How c/#realestate keep rising despite higher #interestrates? Digging into why that is w/#BarryRitholz #CRE #JonathanMiller #mortgage https://t.co/DD3PjMWqhj https://t.co/9brss3I1U7
Builder China Vanke Posts 5.95 Billion Yuan Loss in Q1
China Vanke reported a Q1 net loss of 5.95 billion yuan (about $830 million), slightly better than the 6.25 billion yuan loss a year earlier. The loss was driven by a 33% plunge in home deliveries, which trimmed revenue by 24% year‑over‑year. Vanke’s...
I’m Opening Up 3 Spots to Work With Coliving Brands for the Rest of 2026.
Mayank Pokharna, founder of Everything Coliving, announced that he is freeing up capacity to take on three new coliving brands through the end of 2026. He is ending long‑term engagements with existing clients, creating a narrow window for operators seeking...
Ireland's Housing Boom Cools as Urban Markets Stabilize, Shortages Persist
Ireland’s housing market is cooling, with national asking prices rising only 3.7% year‑on‑year to €435,000 (about $475,000) in Q1 – the slowest gain since late 2023. Urban centres such as Dublin saw price growth dip to 2.5% and even a...
Dunhill Partners Acquires 93,755‑Sq‑Ft Bradford Plaza in Stillwater, OK
Dunhill Partners, led by CEO Bill Hutchinson, completed the purchase of the 93,755‑square‑foot Bradford Plaza retail center on 8.87 acres in Stillwater, Oklahoma. The 100% leased property, anchored by national brands and situated near Oklahoma State University, signals sustained confidence...
JLL Posts 11% Q1 Revenue Rise on Organic Service Growth and AI Adoption
Jones Lang LaSalle (JLL) posted an 11% jump in first‑quarter revenue, largely from organic growth in its real‑estate services and a high single‑digit rise in software revenue. The earnings beat highlights expanding demand for technology‑enabled leasing, AI tools and premium...
Panattoni Starts Construction on Large-Scale Coventry Logistics Scheme
Panattoni has begun construction on a large‑scale logistics park in Coventry, slated to cover roughly 1.2 million square feet. The development is being built to BREEAM Outstanding standards and aims for net‑zero carbon emissions. Its strategic location near major motorways positions...
Michigan Townships Battle Microsoft and Others Over Hyperscale Data Centers and Grid Strain
Michigan townships are confronting proposals from Microsoft and other tech giants to build hyperscale data centers, sparking fierce community opposition over electricity demand, water use and zoning authority. About 600 residents attended a Gaines Township meeting to debate a rezoning...
Why Asphalt Paving Is the Best Choice for Commercial Properties
Commercial property owners seeking durable, cost‑effective surfaces are turning to asphalt paving. The material offers superior flexibility, allowing it to absorb heavy truck loads without cracking, while delivering faster installation and lower upfront costs than concrete. Long‑term ownership expenses drop...
Development Partner Sought for County Hall Hotel Transformation
Derbyshire County Council has launched a £138.4 million (≈ $176 million) tender to find a single development partner for the Smedley’s Hydro Project in Matlock. The scheme will convert the listed South Block of County Hall into a hotel with up to 100...
Leaseholders Need Manager Control, Not Just Rent Caps
Assuming @UKLabour is actually going to push through ground rent cap as promised (which is debatable), the next crucial step is to allow leaseholders to appoint their own managers and control their work. Caps won't get us anywhere, but...
Clearbell JV Completes Largest Deal with 180,000 Sq Ft UK Industrial Acquisition
Clearbell’s joint venture with Deva Capital closed its largest ever transaction, acquiring a 180,000‑square‑foot industrial warehouse in the United Kingdom. The property, situated near a major transport hub, was purchased for roughly £36 million (about $45 million) and includes 12‑foot clear heights...
Avison Young Reports Regional Office Shortages ‘Intensifying’ as Completions Fall
Avison Young warns that office completions across eight UK regional markets will fall 48% below the ten‑year average by 2028, deepening an existing supply shortage. The cities affected include Liverpool, Manchester, Birmingham, Bristol, Newcastle, Leeds, Edinburgh, Cardiff and Glasgow. The...
Square Yards Crosses Rs 2,000 Cr Revenue in FY26; EBITDA Jumps 3.7X
Square Yards, the Gurugram‑based prop‑tech platform, posted FY26 revenue of about $251 million, a 48% year‑on‑year rise that lifted total revenue eight‑fold since FY21. EBITDA jumped 3.7 times to roughly $21 million, expanding the margin to 8% and marking the third consecutive...
Antler Launches UK Flagship on Regent Street
British travel brand Antler has opened its first standalone UK flagship at 100 Regent Street, London, in partnership with retail design agency Checkland Kindleysides. The six‑metre layered table and floral art installation create an immersive, sensorial journey that showcases Antler’s...
Luxury Cut: The Spring 2026 Wall Street Journal/Realtor.com Housing Market Ranking
The Wall Street Journal and Realtor.com’s Spring 2026 luxury‑housing ranking shows a dramatic reshuffle, with Santa Fe, NM soaring to No. 1 and Pittsfield, MA debuting at No. 2. Six new metros cracked the top‑10, while former leaders Detroit and St. Louis fell out...
The Spring 2026 Wall Street Journal/Realtor.com Housing Market Ranking
The Wall Street Journal and Realtor.com released their Spring 2026 Housing Market Ranking, highlighting 200 U.S. metros based on affordability, supply, economic health and climate risk. South Bend‑Mishawaka, IN‑MI reclaimed the top spot, while Flint, MI surged to #10 after a 27.6%...
Nobu Residences at 619 Brickell Miami 75-Story Foster and Partners Tower Launches Sales
Developers 13th Floor Investments and Key International have launched sales for Nobu Residences at 619 Brickell, Miami’s first Nobu‑branded luxury tower. Designed by Foster + Partners, the 75‑story, 296‑unit tower offers 90,000 sq ft of amenities and a dedicated Nobu restaurant. Units range from...
Which Makes More Financial Sense in 2026: Buying or Renting?
Desjardins’ latest report finds that rising home prices and borrowing costs are making ownership less affordable, while a surge in rental supply is softening rents and boosting tenant incentives. Vacancy rates in the Greater Toronto and Hamilton area climbed to...
Gensler Co-Chair Warns Of The Hidden Costs Of Hot Desking
Gensler co‑chair Diane Hoskins warns that hot‑desking, adopted to shrink office footprints after COVID, is eroding employee focus, belonging and overall performance. Gensler’s 2026 Global Workplace Survey shows 60% of staff prefer a dedicated desk, with assigned seating delivering 80%...
The $562 Million LA Mansion Built for Royals that Just Hit the Market
A Bel‑Air mansion originally built for Qatar’s Al Thani royal family has been listed for $562 million, potentially setting a U.S. residential sales record. The 70,000‑square‑foot estate, completed in 2018, cost $350 million to construct and sits on eight acres with 39 bedrooms,...
MJ Gleeson Warns Building Cost Inflation Prompting ‘High Caution’
MJ Gleeson warned that building‑cost inflation, driven by the Iran‑war‑induced supply‑chain squeeze, is forcing the housebuilder into "higher than usual caution" on land and financing decisions. Despite a modest uptick in net reservation rates to 0.88 from 0.86, the firm’s...
Porsche Design Tower Bangkok Sets New Standard for Branded Residences
At the Singapore Yachting Festival 2026, Porsche Design Tower Bangkok was unveiled as an ultra‑luxury branded residence featuring only 22 sky‑villas. The development translates Porsche’s high‑performance automotive DNA into residential architecture, highlighted by a private “Passion Space” garage and a...