Housing Crisis Needs Collective Action, Not Solo Hero
One of the things that bug me about how he uses language is this insistence that *he* is going to build all the homes. In fact, if we are going to build hundreds of thousands or millions of new homes in CA, we will require the cooperation of countless private investors, developers, contractors, material suppliers and so on.
Oak Park, Sacramento Home Values Soar Over Time
The story of value over time in the Oak Park neighborhood in Sacramento. Something on my desk today. Thought I'd share. https://t.co/u432dCM38O
50‑Year‑Old 9 West 57th Commands Record
50+ yrs after it w/built, #9West57th still rakin' it in. Some int'l family firm, whose name w/bc known soon enough, pays record $327/sf to look down on #CentralPark. 'The price speaks for itself' #realestate #CRE #NYC #Soloviev #CBRE #mortgage ...
Home Values Rise Every Decade—Don
Home values have increased every single decade since the 1940s. Every. Single. One. But sure, wait for the perfect time to buy.
NY Real Estate Rebounds as Talent Flows From Florida
The “@ZohranKMamdani effect”? Real estate prices back to pre-pandemic highs, office vacancies falling, and young talent still moving from Florida to New York.
Prairie Style: Modern Living Beyond Grandma’s House
Be honest: when you hear ‘prairie style’ do you picture your grandmother’s house or something you’d actually want to live in? Because I just revealed a project that might change your mind.
Mortgage Defaults Return to Pre‑pandemic Levels, Boosting Inventory
Mortgage defaults in the U.S. are now back to pre-pandemic levels. In Q4 2025, 4.3% of mortgage holders were in default, a level slightly higher than 2019 figures. This return to normalcy in mortgage defaults is actually good news, as it means...
Target 150bp Yield Spread Over Market Cap
How private equity firms analyze deals: Most important metrics: 1. Stabilized cap rate (yield): Since we focus on value add, the entry cap doesn’t matter much, as long as we can service our debt The stabilized yield matters because it shows the intrinsic...
Builders’ Rate Cuts Mask Deeper Housing Supply Misalignment
If it weren't the builders paying down rates, housing permits would be worse today. We will never build housing the way people want because we aren't a supply-first economy; the demand curve needs to align with it, and rental vacancies...
Dallas Rents Dip, Homes Stay Affordable—Perfect Buyer Window
I toured some Dallas buildings recently. Was *shocking* how nice of an apartment you can get for $1200-1300. Combine that with the fact that you can still buy a house in the suburbs for $400k, and you can see why so...
Housing Surplus Exists, but Location and Type Limit Viability
There are millions of vacant or low cost houses in the US ... just not in places where people want to live Construction costs have same dynamic. It's regional & type dependent Some kinds of homes in some places make sense for...
Sacramento 2026 Home Sales Slightly Edge 2025
Closed home sales volume in 2026 is just ahead of 2025 in the Sacramento region so far. Not by much, but any growth feels like a win. I'll have visuals out next week to break down the trend.
NYC Multifamily Market Threatened by Overwhelming Regulations
Engquist: Is #NYC #realestate facing 'death by 1000 cuts?' There's a pile of regulatory mandates that may be taking a toll, particularly in #multifamily. #CRE #affordablehousing #rentstabilized #LocalLaw152 https://t.co/tXIsYHkWVe
Economists Unpack Housing Crisis and Policy Solutions
Ed Glaeser, Amy Tomasso and I discuss housing with Samantha Laine Perfas in a great podcast discussion. https://harvard-thinking.simplecast.com/episodes/housing-crisis-aSVnwqRm
Portugal Clamps Down on Tourism‑driven Housing Crisis
Portugal became so popular over the past decade that it made life for locals incredibly expensive. It was not always like this. In fact, one of the reasons my wife's family moved here from Portugal is that there were no opportunities...
Housing Market Divides: West Surplus, Midwest Shortage
The housing market has split into two. In South and West states, the housing shortage is over. (inventory up to 741k listings as of March 2026, above 2019 levels). Prices are dropping and buyers have leverage in TX, FL, GA,...
Past Low LTVs Preceded Credit Boom; Today’s Opposite
Loan-to-value data was low back then. In 2006, only 4% of homes were underwater, but we experienced a massive credit leverage boom, with down payment data dropping to 21st lows in 2008 after credit broke in 2005. It's the complete...
JPMorgan Shifts Workforce: Manhattan Down, Texas Up
Ya’ll Street Jamie Dimon on why companies are leaving New York "Our head count in Manhattan when I got to JPMorgan was 35,000 and now is 26,000. Our head count in Texas started at 11,000, now it's 33,000. That's what happens."
AI Tenants Revive San Francisco Office Market
AI-driven tenants are fueling the office comeback in San Francisco Just months after leasing a 25-story tower at 300 Howard, Anthropic is expanding again, taking another 100K SF across the street at 400 Howard. AI companies are actively touring and leasing space,...
Sacramento March Sales up $400‑500K Year‑over‑year
It's still early to pull sales for March, but here's what it looks like so far when we compare this year to last year in the Sacramento region. It's positive to see more growth between $400-500K. I'll update this visual...
Stop Buying Single‑Family Homes to Own an Apartment
First step to buying an apartment: stop buying single family homes. Every step after that I’ll share with you on Saturday. Comment FREE to join my free real estate training this weekend.
Tenants See NNN and Base Rent as One Cost
Want to clear up this common misconception about commercial leases. It is true that NNN leases put responsibility for paying property taxes on commercial tenants, and that increased property taxes will initially be passed through from landlords to tenants. However, from the...
Investors Shun BTR Projects Due to Seven‑year Resale Limit
More on the collapse of BTR construction: "Those investors are not investing right now because no one is going to invest in something that they have to sell in seven years… We’ve already stopped a lot of housing at a time...
Homebuilder Stocks Falter, Signaling Economic Weakness
$XHB Daily. Homebuilder (& home construction in $ITB ETF) stocks remain weak, rejected at 20-day m.a. today (orange line). Long-term looking like major tops, too. Poor sign for economy/consumer https://t.co/bZnRRpRU33
Master DSCR, LTV, Debt Yield: Buyer vs Lender Views
There are 3 main debt metrics in real estate: 1. Debt Service Coverage Ratio (DSCR) 2. Loan to Value (LTV) 3. Debt Yield Here’s how to view each from both a buyer’s perspective & a lender’s perspective: 1. DSCR Definition: The DSCR is the...
Mortgage Spreads Hold Steady Amid Global Turmoil
Considering all the drama in the world, not bad, hug a #mortgage spread. #realestate #housing #mortgagerates #chartdaddy
California March Home Sales Near Decade High, San Jose Leads
Homes for Sale in California Rose to the 2nd Highest for March in at Least a Decade as Demand Withered: The Biggest Markets. In the San Jose metro (Silicon Valley), active listings hit at least a 10-year record for March. But...
LA Rents Rise Despite Broader Economic Downturn
I’m curious how this economic crisis is happening in LA but it’s not affecting rental costs. Rents are still going up and LA doesn’t seem to be getting less expensive. Curious if ppl who know about econ can explain what’s...
Airbnb Losses Stem From Fixable Mistakes, Not the Platform
Yes, I have seen people lose money on Airbnb. But every single time it came down to one of these things: • Wrong size property (too small) • Wrong market (no real travel demand) • No post-close enhancements • Wrong co-host (no proven track record...
Study Claims 5% Tax Won’t Curb LA Housing Supply
Remember when those idiots at UCLA published the paper showing that taxing away 5% of the gross sale proceeds of every piece of real estate in LA >$5MM wouldn't impact housing production?
Operational Certainty Now Outweighs Low-Cost in Site Selection
Site selection has flipped. Lowest cost is out; operational certainty is in. Reliability, speed, and risk mitigation now prioritize cheap labor or incentives. If a community can’t guarantee fast permitting and site readiness, they lose 🔗 https://t.co/r6vEd3Ivh6 https://t.co/bXANWL3PSW
Sellers Return: New Listings Up 9% in March
Sellers have been coming back to the market this year after stepping back last year. New listings in 2026 are slightly higher than one year ago, and that’s thanks to a stronger March that had almost 9% more new listings....
Cities Must Build Family‑Sized Units to Retain Residents
This is absolutely correct Building more, smaller units is good ... but cities ALSO need to intentionally plan for and build units that are specifically FOR families, if they want to retain them. Which they should https://t.co/5eEJscuL8y
No Missed Deals; Market Prices Too High to Buy
There hasn’t been a deal we’ve passed on this year where the broker believed we were making a mistake by not pursuing. With rare exception, it’s very much an “I wouldn’t buy it at this price either” kind of market.
Only One‑Third of 2026 Data Center Capacity Under Construction
12GW of data center capacity supposed to come online in 2026. Only a 1/3rd is actually under construction. The capex is committed. The infrastructure can't be built fast enough.
Energy Crisis Turns Into Mortgage Rate Surge for Buyers
The energy shock is now a financial shock—and it’s hitting American homebuyers directly War → higher Treasury yields → higher mortgage rates → worse housing affordability
From 23% Underwater to Record Home Equity Gains
In 2010 we had over 23% of the homes underwater; today, we have massive home equity @housingwire @sarahteresa6 #housing #realestate #mortgagerates #economics #chartdaddy
NY Lawmakers Eye Commercial Rent Caps Like Residential
Dumb Politicians with Dumb Ideas New York state legislators consider limits on commercial rent increases in New York City — a measure that would mirror the existing rent stabilization law that covers 1 million apartments. https://t.co/daJo29os8b
Foldable Homes Turn Housing Into Deployable, Scalable Solutions
Foldable houses used to sound like a futuristic concept. Now they’re becoming real. What makes them interesting isn’t just the design. It’s the shift in logic behind housing itself. A foldable house changes the equation: faster deployment, lower transport complexity, and more flexibility in where...
Dean Weidner: Legendary Owner of 12th‑Largest U.S. Apartment Portfolio
Totally missed this news from a couple weeks ago. Dean Weidner was legend in the apartment business. His company ranks as 12th largest apartment owner in U.S. https://t.co/p7TLCLlI3o
Portfolio Deal Pullback Masks Strong Asset Sales
U.S. CRE Investment Sales | February 2026 Snapshot Headline numbers tell a misleading story this month. While total U.S. investment sales of $25.4 billion appear soft, down 17% year over year, the real culprit is a dramatic pullback in portfolio and...
Supply Rises, Sellers Active, Market Still Sluggish
A little more supply this year. Glad we're no longer seeing sellers sit back like 2023, but it's still been a very slow burn to see much change in the marketplace. https://t.co/1ItZel19q7
Historic 1978 New Milford Home for Sale – Cherish Memories
New Milford area friends, my wife and sister-in-law have put their childhood home on the market. It’s been owned by their family since it was built in 1978 and has been both well-loved and well-maintained. Lots of memories in this...
Closed First Industrial Deal, Now Seeking Next Partner
Closed our first industrial deal with some long-term partners of ours a few weeks ago. Now on the hunt for another. [Apologies to the broker whose backside is prominently featured below] https://t.co/nHz7lw2qqf
Strict Underwriting Prevents Overpaying on Deals
Strict Underwriting: Don’t Overpay for Deals Follow @chasecalhoun.realestate for more on build-to-rent and real estate investing. #realestate #investmentproperty #buildtorent
Office Availability Drops 12.6M Sq Ft Across Top Markets
The Office Market is Healing New York was just the beginning. Office market tightening is now sweeping through San Francisco, Houston, and Boston as availability declines. Q1 2026: All top 15 office markets saw declines in availability totaling 12.6M sq. ft New York...
Bell Controls 70k Apartments, Owns Significant Portion
Big deal in apartment world. Bell manages 70k apartment units and owns a good sized chunk as well. https://t.co/OJW8Os8jr6
Sacramento Leads Buyer Migration, But Are Rankings Accurate?
Where are buyers moving? Redfin recently came out with a top list in the United States, and Sacramento actually is the number one destination. But are these really the top spots? Some thoughts on my weekly blog. https://t.co/SPAXCixM2H https://t.co/Oqe3yaEfog
Homebuyer Demand Hits Near‑record Lows; Price Cuts Needed
Reventure's homebuyer demand index remain near a 10/100 this week, resting near the lowest levels on record. Not much has changed in terms of homebuyer demand over the last several months, even with the start to the war. This week, mortgage apps...
Luxury 4‑6‑Bedroom Rentals Remain Vastly Underserved
The Airbnb market is not saturated. The 1 and 2-bedroom market is saturated. There are roughly 2 million listings across Airbnb and VRBO. Around 70% of them are 3 bedrooms or less. That is the saturated market. The 4, 5, and 6-bedroom luxury group travel...