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 lowest rent per square foot (~$2.58 PSF), creating a compelling rent-growth story as new deliveries are fetching ~$3.75 PSF and reaching stabilization. It is less than 5 minutes away from the i95 on ramp, giving residents direct access to Fort Lauderdale, Miami, and a 15-minute commute to the Fort Lauderdale International Airport. We are already seeing the upside play out in the submarket, as the ~2,500 units that delivered in 2024-2025 are finalizing their lease ups and unwinding concessions. We'll sell this deal at a discount to its 2021 sale price, at a time when the market is just beginning to tighten for the next multifamily cycle.
Institutional Capital Fuels $151.4M Miami Multifamily Deal
A newly delivered Miami multifamily community just traded for $151.4M. RPM Living and Cantor Fitzgerald Asset Management acquired Biscayne Shores, a 380-unit waterfront apartment community completed in 2024 along Biscayne Boulevard in North Miami. The property sits between Aventura and Downtown...
April Delinquency Rates Slip Slightly for Fannie, Freddie
Fannie and Freddie: Single Family Delinquency Rate Decreased Slightly in April Fannie Mae Multi-Family Delinquency Rate Decreased in April https://calculatedrisk.substack.com/p/fannie-and-freddie-single-family-962
Housing Crisis Stems From Developer Shortage and Risk Aversion
A significant portion of the housing crisis is a lack of developers. Not many people are willing to take the risk in development ... and even fewer investors are willing to take risk with new managers.
Avoid Using Retirement Funds for Condo Investment
My fellow senior colleague asked me opinion on taking out one third of his kwsp money to buy a one million condo in klang valley which will give him 5k/month rental. Thats like a 6 percent return on his capital which...
Spring 2026 Rents Show Steadier Momentum Than 2025
Apartment rents aren't exactly popping, but they're showing more consistent momentum here in spring 2026 than they did in spring 2025. Last year, the leasing season started strong and then fizzled out. This year shows more consistency. Data below from Apartment List,...
Freddie Mac Index Up 1.4%
Freddie Mac House Price Index Increased in April; Up 1.4% Year-over-year Punta Gorda House Prices Down 21% from Recent Peak, Austin Down 17% https://calculatedrisk.substack.com/p/freddie-mac-house-price-index-increased-dd5
LA Loses Lawsuit, Must Approve Venice Affordable Housing
The city of Los Angeles lost a lawsuit over a megacontroversial affordable housing project its been trying to block in Venice this week. Last fall, the state threatened to pull the city's zoning authority if it didn't approve the development....
Homebuilding Struggles to Achieve True Economies of Scale
This by @_brianpotter is very good: Where Are the Economies of Scale in Homebuilding? https://t.co/pn5v6uJmib https://t.co/8lZEHdHBds
Homebuilders Exploit Forward‑Commitment Loophole to Boost Concessions
Over 40% of sales recently by big homebuilders have a combination of seller concessions plus permanent buydown cost in excess of 6% How do they do it when there are caps on how much a seller can contribute toward closing costs? Answer:...
Apartment Ownership Stays Fragmented, While Management Consolidates Rapidly
Here's a fascinating trend getting scant attention: Apartment ownership is as fragmented as ever, but MANAGEMENT is increasingly consolidating. The narratives around the AvalonBay/Equity merger really miss this point. There's always been M&A, and yet apartment ownership remains very accessible to...
New Home Sales Slip, Prices Drop 15% From Peak
New Home Sales Decrease to 622,000 Annual Rate in April Median New Home Price is Down 15% from the Peak due to Change in Mix https://calculatedrisk.substack.com/p/new-home-sales-decrease-to-622000
Mortgage Rates May Hit 7%—Or Have Already Peaked
This is the scenario where I see mortgage rates hitting 7% again. But if it doesn't happen, it might mean rates have already peaked.
CoStar Poised to Acquire Homebuilding Data Firm Zonda
The rumor over the past year+ was that homebuilding data giant Zonda was looking for a buyer Given the ambitions of CoStar—a CRE data giant—them being the buyer isn’t too surprising On the listings side (https://t.co/Xn1gdEwei8), CoStar has been pushing further into...
Higher 70s Rates Spurred Faster Price Gains than 2020s
Home prices rose faster from 1977 to 1979 when mortgage rates went from 8%-13% than 2020-2022 when we had sub 4% https://t.co/R3HL21xwAW