Housing Market Shifts Always Create Winners and Losers
If home prices go down, that could be painful for owners. I hear that sentiment quite a bit. Let’s remember it’s painful for people who can’t currently afford the market though. There is no such thing as a housing market without pain. It’s always good or bad for someone.
AI-Driven Lettings Roll‑up Scales with $93M Fundraise
. @DanLifshits, co-founder of Dwelly, explains how he and his partners are building an AI-enabled roll-up in the UK lettings market by acquiring independent agencies and modernizing them with software. After completing 9 acquisitions in just 24 months, Dwelly recently announced...
Two‑Thirds of Top 300 Metro Markets See Price Gains
Among the nation's 300's largest metro area housing markets... LEFT: The 99 markets with falling year-over-year home prices RIGHT: The 201 markets with rising year-over-year home prices Maps via @ResidentialClub
Americans Prioritize Lower Costs, Taxes, and More Space
"The shift points to what many Americans now want most: lower living costs, lower taxes, more space and a better quality of life." https://t.co/ShzrJpiK99 https://t.co/hkruQM87W9
Housing Market in Bubble: Avoid Buying Now
I had such a great conversation with @themarketsniper on a lot of topics. He says: don't buy a property right now. We're in one big bubble. Listen to his explanation here: https://t.co/beqsm622Dc
Yearly Growth Persists; Weekend Tracker Report Awaits
Still showed yearly growth this week, it will be an interesting weekend tracker report this weekend
Real Estate Prices Set to Plummet—Sit Tight
I think the real estate market is cooked. Prices always lag the causes of a real estate slow down, but it’s undoubtedly here. If you’re in the market for any type of real estate, just sit tight. Prices are going to...
Conflict's Dual Impact: Housing Booms or Crashes
Today's podcast covers the best and worse outcome for #housing due to the conflict. #housing #mortgagerates #oil #bond
Colorado Law Enlists Nonprofits, Schools for Affordable Housing
This new law shows that we want our partners at the table as part of the housing solution. We want local creativity, driven by nonprofits, school districts, and higher education, to help us build more housing that Coloradans can afford. https://www.coloradopolitics.com/2026/03/25/gov-jared-polis-signs-housing-bills-amid-push-for-affordability/
Legalized Missing‑Middle Housing Stalled by Over‑Restrictive Design Rules
The trouble is that even erstwhile advocates of missing middle legalize it, but then subject to such restrictive design and massing standards that it can never actually get built. That's what's happening right now in Sacramento.
Zoning Laws Stifle Development with Overbearing Restrictions
When zoning laws made it illegal to do so. (Mixed business/residential, height limits, setbacks, onsite parking, floor/land area ratios, "affordable" housing mandates, etc.)
California Cities Show Surprisingly Permissive Building Permits
Okay, fine, I'll write my YIMBY hopepill piece. I think the commentariat is underrating the fact that the permitting profile of a non-negligable number of California cities looks like this. https://t.co/dm0ayGhSuO
New Bill Threatens Rental Development, Spurs Fraud Concerns
Perfect example of a bill introduced in the CA legislature that would make running apartments more difficult, and therefore slow housing development (bc every developer of rentals is either a landlord-in-waiting or hoping to sell to one.) When we briefly allowed...
Regulatory Spotlight Shifts From Single-Family Rentals to Apartments
My latest newsletter: The regulatory spotlight shifts from single-family rentals to apartments. Also, I dug into Sen. Warren's letters probing rental housing investors, which include 7 claims that may sound alarming but that lack critical context needed for a real discussion....
Developer Incentives Drive Unwise Construction, Fueled by Investor Money
What ~everyone in this debate misses: Institutional developers, who build most new supply (at least in large metros), aren't using their own $$. They are using investor $$. And the terms of the deals give them large developer fees, which are generally...
Pending Home Sales Remain Positive Year‑Over‑Year
Housing data is still postive year over year with our weekly pending sales data; if there were no war, it would have easily grown in 2026. In any case, more on this with the weekend tracker. 🫡
Weighing Crypto for Home Purchases: Risks and Rewards
Should you use crypto to buy your new home? - ABC News - https://t.co/XTjulfuzyY via @ABC
Lock‑in Effect Keeps Sub‑3% Mortgages Alive, ARMs Plummet
Update on the “Lock-in Effect” in the Housing Market: Below-3% & 4% Mortgages Fade Very Slowly. Share of ARMs originations fell further and is at historic lows: FHFA’s National Mortgage Database https://t.co/ZUvlUdW3RE https://t.co/bqPa12CUrs
San Rafael Shifts From 30-Year Housing Freeze to Rapid Build
San Rafael, a city that hasn't permitted 1,600 homes over the past 30 years combined, is on gearing up to build ~1,600 homes in the next two or three years alone. https://t.co/XNcGIGM2zZ
Raleigh NIMBYs Turn Housing Opposition Into Poetic Lament
Raleigh NIMBYs are now writing sad poems lamenting all the housing development, and I AM SO HERE FOR IT. 🤣 https://t.co/zgwEhGOST3
California Dominates Renting Crisis; Remove Homeownership Barriers
Four of the top five metropolitan areas where families are stuck renting are in California—we've got to remove the additional hurdles facing homeownership projects and fix this. https://t.co/dFa0tWCiSh
California Housing Boom Fuels Odd Mixed‑use Projects
He's joking, and this is an absurd example, but expect to see more weird mixed-use development as it gets easier to build housing in California and harder to build anything else. I'm aware of one self-storage project that added ~30...
Bay Area Homeowners: When Did You Buy and Feel Glad?
Where’s all my Bay Area homeowners at? When did you buy and are you glad you did?
Clarke Acquires Ravelin REIT for $1.1B, Adds
#Canadian bacon saved as #Clarke, a co that operates ferries on the #StLawrence buys out struggling #REIT #Ravelin in deal that values REIT at $1.1B+adds 6.3MSF NA+#European offices to Clarke's portfolio. #realestate #CRE #mortgage #TSE https://t.co/O403vkrbXu
Housing Guidance Expected to Tighten Earlier in 2026
Last year it took until early summer for the housing industry to throw in the towel and lower guidance across the board (namely housing starts). Thinking we pull the timing of that directional guidance revision forward a few months in...
US Office Vacancy Drops Slightly, Sunbelt Leads Recovery
A glimmer of hope for offices. US vacancy falls 2 % points Though 17.6% vacancy shows there's still a long way to go. #Tech-heavy metros like #Seattle #Austin #SanFran still struggle w/#Sunbelt leads way w/12.8% #realestate #CRE #pandemic #NYC #DC...
7% Mortgage Rates Trap Sellers in Negative Real Yield
Mortgage interest rates are hitting 7 percent and sellers are locked into COVID era mortgages that are in negative real interest rate territory. More charts and graphs featured on today's Chartbook Top Links in the comment below. https://t.co/jUHCvyVvDx
Bathroom Mood: Inspired by Top Designers and Our Studio
My bathroom mood right now …inspo from @sherlewagnerinternational, @p.e.guerin, a powder room in a residential project by my studio, and me https://t.co/XF027ckTES
6.64% Rate Threshold Determines Mortgage Demand
6.64% has always been my line in sand for rates when they tick higher from here demand slows when they go lower toward 6% things improve. Hug a mortgage spread today https://t.co/DeRZntaHsC
LPs Risk Total Loss for Modest 8‑10% Returns
It's actually crazy that LPs risk 100% of their capital to earn an 8-10% return. (while having no liquidity and no control). But the pitch deck won't highlight that. It will just make an extremely bullish business case for why the project...
Mortgage Rates Likely Peaked, May Stay Under 7%
Are mortgage rates nearing a top? One could argue they've already baked in the ME conflict and $100 oil. Perhaps they go another ~0.25% higher, but manage to stay below 7%.
Two Decades of Growing Seller‑Buyer Gap in Sacramento
The gap between sellers and buyers. Here's a wide view in Sacramento over the past 25 years. More on my blog this week. https://t.co/jfVvNTgTO5
Team Simplifies Apartment Hunting with Easy Rental Platform
Great team helping people find apartments and housing. Or rent same. Try it at https://t.co/ZFzmI9p5WD Thanks @samrathpatpatia @arjun13s @williamcagas @kavir777 https://t.co/m74YHoFgYV
Warren's Misleading Threats Could Reduce Housing Supply
This is wild. Senator Warren is now threatening apartment developers and investors, too, with a letter chock-full of misinformation. Such threats can scare off development capital, and they just shift to building warehouses or something else. But America's renters become collateral...
Community Banks Fund Deals With 1.25 DSCR
Let’s say you’re looking to buy a real estate deal and want to use a community bank for the financing These lenders will be looking to make sure you satisfy 5 main requirements in order to fund your deal: The 5 lender...
2026 Target Missed: 4.6% Goal Unmet
Not how I envisioned my peak 4.60% premise for 2026 🤨 but here we are striking at the door https://t.co/w1Vwd6cxs9
Five Boomers Can’t Explain Five Million Home Sales
Near 5,000,000 total home sales, even if you couldn’t do basic math, the rational of 5 boomers holding up near 5,000,000 sales is very unlikely 😏 stop burning books
Outpatient Growth Fuels Surge in Healthcare Real Estate
Strong medical office fundamentals are driving a real surge in healthcare real estate investment right now. With outpatient care continuing to expand quickly and favorable demographics still firmly in place, owners and investors alike are moving fast to reposition their...
What $200K Bought in 90s Is Unthinkable Today
"Looks like $200K" was a selling point in the early '90s for this new construction home in the Sacramento area, but that wouldn't be a compliment today. https://t.co/CvPI9cITs9
NYC Moves From ADU Bans to Supportive Website
Eight years ago, I was a city planner in Central Queens. One of the worst part of the job was having to tell homeowners that it wasn't legal to build an ADU. Now New York City has a whole website...
Spring Leasing Lags Behind Last Year, Vacancy Trends Unclear
New data from Radix (apartment data provider) shows no sign yet of a spring leasing bump -- and, in fact, a slower start to the spring leasing season than what we saw at the same time last year. We'll get data...
Buying a Rental Is Simpler Than Purchasing Your Home
Something that people don’t realize is that it’s sooo much easier to buy a rental property than a primary home
Year‑to‑Date Sales Volume Across 12 Sacramento‑Area Counties
Just in case you were wondering about year-to-date sales volume in twelve counties in the wider area around Sacramento. I got you covered.... On a serious note, I do think it's fascinating to consider where transactions happen. https://t.co/CRctUqWvn9
YIMBYs Reject Senator Warren's NIMBY Conference Proposal
I am glad to see pro-housing YIMBY groups refuse to go along with a very NIMBY request from Senator Warren. What a wild thing to even request. Why would any honest YIMBY refuse to call for a conference that could lead...
Office-to-Residential Conversions Surge 28% as Loans Mature
Still plenty in the office>resi #conversion pipeline. Study by #RentCafe shows 90K+ in the process in early 26, up 28% from last year. 13d of office loans coming due drives the trend. #realestate #CRE #multifamily #YardiMatrix #mortgage https://t.co/gzewkNTvQh
Higher Rates Above 6.6% Dampening Demand
This is where the data in the past starts to get hit as in the past few years rates moving above 6.64% and above 7% impacts demand https://t.co/oiZjW5mQiD
Sellers Surge, Buyers Plummet as Housing Supply Near Record
"record growth of potential sellers...record decline of potential buyers...near record new supply of housing units coming to the market."
Redfin's Seller Data Is Misleading, Beware the Hype
If you men haven't learned that Redfin is playing you like a chump with their most sellers ever data, just look at their weekly pricing data since their chart came out. You guys are getting hustled. https://t.co/OJouoW3HqA
Sky‑high Home Prices, Not Rates, Suppress Demand
The mainstream media is writing articles about how higher mortgage rates/the war are killing the "housing recovery". But that's wrong. Homebuyer demand remains near its lowest levels on record, and has not improved at all over the last 4 years. This has nothing...
HST Cut Won’t Revive BC, Ontario New Construction
What's Really Stopping Residential New Construction in BC & Ontario? And Why Playing With HST Wont Fix It. Don't get me wrong removing the HST for a year on New Construction homes is a good thing because every tax reduction is...