AI Roll‑Up Dwelly Secures $200M After 9 Acquisitions
Want to see true product-market fit? Look at Dwelly. After 9 acquisitions in 24 months, Dan's AI-enabled roll-up is in talks to raise an additional $200m from General Catalyst and other investors. It's great news, as earlier this year they raised $93 million (debt and equity). Their business model is acquiring established local lettings agencies and integrating them into a unified AI-enabled platform. The AI roll-up space is HOT. Enjoy the full conversation with Dan below.
Sacramento Listing Cancellations Dip as Overall Listings Fall
Listings being pulled from the market? Here's a look at listing cancellations in the Sacramento region (January to May each year). Not a shocker that this year is a little lower than last year since the number of listings is...
Individual Landlords Own Majority of U.S. Rental Units
New @nberpubs: "Towards a Methodology for Measuring Rental Property Ownership in the United States" https://t.co/GWlAblsl11 "we find that individual landlords own a large majority of rental units" https://t.co/9aSqWneGrf
Latham & Watkins Secures Over 10% of Houston Skyscraper
Big Law Expansion in Houston’s CBD Latham & Watkins just locked in another full floor at 811 Main St., adding 26,760 SF and bringing their total footprint to 103,330 SF. They’ll now lease over 10.5% of the 972k SF skyscraper. https://t.co/5HqEZvoWNR
Low Supply Prevents 2007‑Style Housing Crash
So much obsession over a housing crash, but supply is much different story today. I’m not sugarcoating. The reason why prices have not been able to collapse like 2007 is because we don’t have the supply to make that happen....
2012 Mortgage Rates Were 2‑3% Too
On the topic of rate lock-in, many forget (or don't know) that mortgage rates were in the 2s and 3s all the way back in 2012. Not just in 2020-2021. That means many of these loans are about half paid off, or...
Mortgage Defaults Surge Sixfold in Poorest Areas Amid Inflation
With rising inflation and interest rates, more Americans are defaulting on their mortgages. For the poorest communities, the rate has increased nearly sixfold. My @morningjoe Chart.
Zonda and ResiClub Present Housing Insights at BofA Symposium
Both the Zonda team and the ResiClub team were invited back this year to give housing presentations to institutional investors at the Bank of America Housing Symposium in NYC If you'd like the 42-chart ResiClub slideshow, shoot me an email: lance@resiclubanalytics.com...
AI Data Centers Clash With Homebuilders Over Land
America's largest homebuilder D.R. Horton recently moved into a small Ohio county. Just months later, a data center showed up next door and bought over 1,000 acres Welcome to the land-use collision happening in the housing market right now: AI data...
Buyer Activity Rises While Housing Supply Tightens
Big news. Buyer volume has been a little better in 2026 despite rates being up. Also, supply is shrinking since sellers have started to pull back a little. I have some cool stats today on my blog to show what...
Apartment Loan Originations Jump 46%, Signaling Debt‑Driven Inflection
Apartment loan originations in Q1 surged 46% year-over-year, making Q1'26 the 2nd-largest Q1 in history, behind only Q1'22. Lots of refinancing helping stabilize the sector. Still tough to raise equity and still mismatch between buyers and sellers on values, but the...
GTA Prices Drop 4.6% as Sales Slightly Rise
GTA House Prices Continue To Fall In May Even As Sales Of Homes Show A Slight Improvement Actual unit sales of homes increased 6.3% in May Yr on Yr even though prices just keep grinding down 4.6% Yr on Yr Sales are...
U.S. Home Prices Set to Surge 5% by 2027
Cotality (formerly CoreLogic) expects U.S. home prices to increase 5.3% year over year by April 2027. This is a massive jump from the current 0.3% YoY gain. Despite 69 of the 100 largest metros currently overvalued, meaning their home prices exceed long-term...
AI, Brand, Capital Fuel Uneven Office Leasing Surge
The ABCs of office leasing’s rising demand US office leasing surged ~25% YoY in Q1, approaching 120M sq ft. The recovery is highly uneven, driven by three sharp market realities: (A) Artificial Intelligence: AI firms are fueling major demand in SF and...
Largest Units, Lowest Rent: Hollywood East Upside
Just Listed: Hollywood East is a 247-unit, core-plus, 15-story multifamily building built in 2021, fronting Hollywood Blvd—walking distance from Arts Park at Young Circle. *The property offers the largest average unit size (1,049 SF) in the Hollywood market* at the...