House Price Growth Stalls; Punta Gorda, Austin Plunge
Freddie Mac House Price Index Decreased in March; Up only 0.7% Year-over-year Punta Gorda House Prices Down 21% from Recent Peak, Austin Down 18% https://calculatedrisk.substack.com/p/freddie-mac-house-price-index-decreased-9d1
Deal Stabilizes at 8.5% Unlevered Yield
Spent the day yesterday touring investors and potential investors through one of ReSeed's San Francisco deals. Take-aways: 1. I need to get someone else to take pictures 2. We think the deal will stabilize at around an 8.5% unlevered yield on cost...
Only 2% of Economists Support Rent Control Policies
A U. of Chicago survey found that 2% of academic economists think rent control has had a positive impact. So it's a good reminder than fringe views like this below do exist, but they're just that.
Families Prioritize More Bedrooms Over Bigger Closets
Bedroom count has not increased by the same proportion Babies and kids are about having bedrooms, not just having bigger closets, and kitchen islands
Housing and Economy Stabilize, Reducing 2026 Labor Concerns
Signs of stabilization in the housing market and the economy/consumer weathering the war/energy shock so well have made me significantly less worried about the labor market for the balance of 2026.
Serious Sellers Share Key Lease Details, Not Just Offers
It happens countless times a day in America. A broker cold-calls a property owner to see if they’d be interested in selling, and they get the most nonsensical answer possible: “Sure, bring me an offer.” When the broker asks for more information about...
China Shifted Credit From Property to Industry, Deflating Bubble
@GraphCall as you predicted Geoffrey - over two years ago 🎩 China’s real estate market bubble has not created systemic risk and speculation was rerouted into productive assets. https://t.co/hwkQFNyk7w
Ayala Land Trades at Roughly Half Its Book Value
Ayala Land, one of the Philippines most well-known and respected property developers, is now being valued by the market at near HALF book value. Wow https://t.co/ePVrGvsF8S
ChartDaddy Highlights Real Estate Trends on Day Two
Day 2 of The Gathering was a #ChartDaddy special @housingwire @sarahteresa6 #realestate #housing #mortgagerates #economics
Southside Atlanta Home Prices Decline Since 2022 Peak
Atlanta’s Southside correction pocket The map below shows home price shift since that Atlanta area ZIP Code's 2022 peak via ResiClub Terminal
Mortgage Spread Trends Since 1970 Revealed
Nothing better than talking about the history of mortgage spreads going back to 1970 🫡 https://t.co/upgguOdje6
Merger's Rental Impact Overblown: Firms Hold <0.8% Market
Ummmm, WOW. Feels like the kinda thing some activist investor trying to push behind scenes and leaks to media to apply pressure. But I have no inside knowledge of it. I will say this: To say such a merger would negatively...
Manhattan Office Surge Signals Applied AI’s Geographic Shift
The Geography of Applied AI: Why Manhattan's Office Boom Is a Signal, Not a Story https://t.co/dBe6RR8TSZ
Live in NYC for Under $1300: Ideal for Young Ambitious
For <$1300/month this is perfect for someone 22-24 who wants to live *in* the greatest city in the world New York City is the best place to young, ambitious and adventurous
Oversized 3BRs Inflate Rent; Smaller Units Save Money
The "problem" with modern 3BR apartments is that they are too large Increased size pushes up the rents And then with all the extra space, it ends up getting filled with too many bathrooms and bedrooms that are too larger An urban 3BR...
Miami Records Historic Domestic Exodus, Real Estate Slumps
Miami's domestic migration just plunged to the lowest level on record in 2025. With an astounding -113,000 net Americans fleeing the 3-county metro. Note that Miami usually loses Americans due to outbound migration, and makes up for it with international immigration. But...
Starwood Fund Freezes Redemptions, Slashes Dividend Amid Liquidity Crunch
Starwood property fund halting all redemptions and cutting its dividend. This has mostly been gated since 2024 when the @FT outline how it had drawn down its liquidity significantly to pay redemptions, instead of selling assets. https://t.co/eirUSkAkPh
Current Sacramento Home Sale Prices: Full Price Spread
What price points are selling? Here's the spread of prices in the Sacramento region through today.
Sacramento Home Prices: Current Selling Range Revealed
What price points are selling? Here's the spread of prices in the Sacramento region through today. https://t.co/4eizMvc1jD
Perfect Conditions Don't Exist—Start Investing in Real Estate
The conditions will never be perfect. Invest in real estate. Follow @chasecalhoun.realestate for more on build-to-rent and real estate investing. #realestate #investmentproperty #buildtorent
Prioritize Upzoning for Family Housing Near Schools
I’d like to see “School Oriented Development” … Upzoning to add high quality housing units *specifically* designed for families with kids within a few blocks of elementary schools Urban and suburban
White House, Populist Congress Fuel Housing Market Distortions
"the odd alliance between the White House and populist anti-market members of Congress has already been successful at introducing new growth-reducing distortions into the housing market before the bill has even reached the president’s desk" https://t.co/BxHCKGU25Q
NYC Housing Column Highlights Ubiquitous Ultra‑Wealth
The bard of #housing in #NYC partners w/#TRD on column, to include his famed qtr report that previously ran for #Elliman. #JonathanMiller: 'Good grief I've been writing about uber wealth. It is literally in our faces every single day' #realestate...
Land Taxes Reward Emptiness, Driving Soaring Home Prices
U.S. home prices have quadrupled since 1995, but it's not that homes got more expensive to build. It's that the LAND they sit on did. We tax buildings the same as land, so owners are rewarded for keeping lots empty and...
AI Startups Fill Trendy NYC Space, yet Remain Empty
Flashy but mostly empty. Cash-rich #AI startups flood into downtown, taking up the most fashionable space. But it may be mostly a Potemkin village. #NYC #FlatironDistrict #MadisonSquarePark #MidtownSouth #NoMad #realestate #CRE #tech https://t.co/09Y44t6Y02 via @WSJ
Texas Rents Fall Sharply as Supply Outpaces Demand
"Rents have declined across Texas due to excess rental property supply (Chart 1). The sharpest rent drops in the state have been in Austin, San Antonio and Dallas." https://t.co/O61kiuAhpW https://t.co/NMe2ewnoJQ
LA Could Net $24 Million From $400M Bel‑Air Sale
This transaction alone — if it sells at asking price — would result in $24 million to the city of LA as a result of the mansion tax.
Powell’s Final Fed Meeting May Raise Guidance, but Influence Wanes
The Fed meeting is approaching, and Powell might raise guidance; we'll see. It's his last Fed meeting, so his stance won't carry as much weight. #mortgagerates #economics #chartdaddy #realestate #housing
Questioning Evidence That NIMBY Voters Trade Housing for Schools
Asking this in all sincerity: what is the evidence that voters in NIMBY states would be persuaded to build more housing if you told them the alternative is fewer kids/school closures? Have you met voters?
Texas Leads Biggest Home Price Drops Among Top Counties
Chart: Among the nation's 500 largest counties, these 50 have seen the biggest home price decline since their local 2022 peak price -26.0% -> Travis County, TX -24.6% -> Williamson County, TX -24.1% -> Hays County, TX -23.9% -> Charlotte County, FL
Census Multifamily Housing Starts Data Is Unreliable, Ignore It
This is your monthly reminder that Census data on multifamily housing starts is garbage and should be ignored. https://t.co/Rfw5uADvR4
Worst‑Case Spreads Push Rates Above 7% (202
Rates would have been over 7% already from 2023 to 2025 using the worst levels of the spreads back then. https://t.co/aZUC6h4rQu
Apartment REITs Show Steady Gains Amid Tapering Supply
Quick read of apartment REITs earnings reports this week: Seems to be mostly a steady-eddy, as-expected story -- good occupancy, low turnover, and even some concession burn-off. Not a surge, but clearly optimistic as supply tapers back.
MOB Sales Surge, Prices Stabilize as Private Buyers Lead
MOB Sales Volume Increasing, Pricing Continues to Stabilize MOB transaction volume on a TTM basis reached approximately $15.4B nationally through 1Q26. Private/investor buyers dominate at 72% of volume YTD 2026, with REITs accounting for only 21%. On-campus MOB pricing is down...
Mortgage Rates Climb Again; Jobs Data Will Decide Impact
Looks like mortgage rates are heading higher again after a nice little reprieve in early April. The jobs report next week will either add to the pain or offset the move higher. Will be important, especially as new Fed chair comes in.
Mortgage Rates Climb, yet Homebuyers Start Returning
#Mortgage rates are rising again, but homebuyers are trickling back https://t.co/Cn6MwsBKjW @MBAMortgage @mortgagenewsmnd #realestate #housingmarket #realestateinvesting
Half of Sacramento Deals Include Seller Concessions
Good news for buyers. Seller concessions in the Sacramento region are taking place in about half of transactions. These are things like a credit for repairs, credit for closing costs, or buying down the rate. What types of concessions are...
Mortgage Rates Jump to 6.38%—survey Your Tolerance
4.40% --> average mortgage rate on all outstanding U.S. mortgages: 6.38% --> average mortgage rate today Homeowners: What’s the highest mortgage rate you’d accept on your next home purchase? Take our annual Housing Sentiment Survey here: https://t.co/t2Yn9pawIo
40% Home Price Drop Triggers Massive Distress Sales
History indicates that a 40% nominal national home price crash would necessitate significant distress sales. https://t.co/h46Wqa4NpK
Spotting 5 Green Flags in a 68‑Unit Deal
Here’s exactly how I analyze a real estate deal: This deal is a perfect example of clear signs you can look out for This 68-unit deal arrived in my inbox a while ago with 5 massive green flags: https://t.co/sQrmJOFdgR
Purchase App Data Shows 2% Weekly, 21% YoY Growth
Purchase application data update: 2% week to week growth. 21% year over year growth https://t.co/0rJaQcBlPc
Most Case-Shiller Cities See Price Drops, Midwest Holds Steady
12 of the 20 Case Shiller cities are showing home price declines vs last year. LA and DC slid into negative territory this month. Nationally, thanks to very tight supply in the midwest, home prices are still barely above zero...
Urban Elite Avoid Kids, Perpetuating Family Service Decline
This is my theory on the fertility decline dynamic among high education/achievement class in cities: Young people move to the the City for school, career, or adventure ... but then after they meet someone, they are reaching the conclusion that having...
Ben Simmons Lists $15M Brooklyn Condo Amid NBA Woes
Falling upward. #NBA failure #BenSimmons seeks $15M for his #Dumbo apt. Wonder if he's crying all the way to the bank? 'A true sanctuary' #realestate #condo #NYC #Brooklyn #Nets #76ers #mortgage #multifamily #Australia #Bearbrick https://t.co/hOdySN50Df
Helping Seniors Transition Building Management with Trust
Over the past few years, we have developed a bit of a specialty in taking over management of buildings owned by older people who have been self-managing for long periods of time. Typically, what happens is that they start needing to...
Jefferson’s Property Reforms Began America’s Fight for Economic Mobility
Two hundred and fifty years ago, America declared independence from a king. But one of the quieter revolutions came after the Declaration, when Thomas Jefferson turned his attention to Virginia’s property laws. At the time, old English rules like entail and primogeniture...
Higher Rates Raise Investors' Opportunity Cost in Value‑add Real Estate
Don't think I appreciated the full impact of higher interest rates on the heavy value-add real estate business when rates increased initially in '22. The problem for operators isn't just the higher exit caps. It's the increased opportunity cost for investors of...
Purchase Index Jumps 21% YoY, Modest Weekly Rise
MBA: "The seasonally adjusted Purchase Index increased 1 percent from one week earlier. The unadjusted Purchase Index increased 2 percent compared with the previous week and was 21 percent higher than the same week one year ago." Note: the comparable...
Purchase Apps Jump 21% YoY After 12% Rise
Purchase apps up 21% year over year, coming off a 12% YoY print last week
Leaseholders Stuck Paying Costs Freeholders Should Cover
WW watch costs should fall on the freeholders and they would evaporate. But they don't so leaseholders pay ... comme d'hab