More Housing Built, Rents Fell Despite Developer Optimism
The key to falling rents is building more housing. And the key to building more housing is making developers believe rents will go up (which, in the case of Austin in 2022, they ended up being very wrong about).
Million Dollars Buys Less Space Worldwide, Except London, Melbourne
What does $1M buy you in prime real estate? Here's the space you get and how it's changed since 2020: 🇲🇨 Monaco: 16 m², 172 ft², -7% 🇭🇰 Hong Kong: 23 m², 248 ft², 0% ➡️ 🇨🇭 Geneva:...
Greenfield Builds More Large Apartments than Austin City
The Austin METRO built a ton of housing, not just the City. Yes the City built a lot ... but greenfield did even more. Here's a map of large (250+ unit) apartment buildings built in last 3 years The distribution of single family...
Low‑rate Lock‑ins Keep Home Prices From Crashing
Why aren't home prices crashing despite record low demand? 🏠📉 With 80% of owners locked into low rates and record equity, nobody is forced to sell. The market is stuck. Full breakdown below, including analysis of Redfin data 👇 https://t.co/KogY0JuwSe
Skip Risky Deals: Bridge Debt, Low DSCR, Thin Spreads
Here’s how to identify when a deal is too risky: Sometimes the deals you don’t do are more important than the deals you do This 40-unit deal that I underwrote a while ago had 4 major deal breakers 1. Having to take...
Century Communities' ARM Share Jumps to 30%
In 1Q26, adjustable-rate mortgages (ARMs) accounted for ~30% of mortgage volume at Century Communities (the 9th-largest builder in the US), up a bit from 25% in 4Q25 and up massively from less than 5% in 1Q25. $CCS
Austin's Housing: Supply Outpaces Demand, Not Shortage
It's not a demand issue in Austin. There's plenty of it. But even more supply than demand.
Mortgage Rates Peaked 2024, Now Easing Toward 2026
The average 30-year fixed mortgage rate on April 22, by year 4.58% -> April 22, 2018 4.35% -> April 22, 2019 3.43% -> April 22, 2020 3.14% -> April 22, 2021 5.38% -> April 22, 2022 6.66% -> April 22, 2023 7.43% -> April 22, 2024 6.98% ->...
Great Lakes Cities Poised for Climate‑Driven Real Estate Boom
Wildfires and floods put $15 trillion in real estate at risk. Could the Great Lakes be America's last climate haven? 🌎 🔥 🌊 I test the theory using Redfin data to see if Detroit, Milwaukee, and Buffalo are primed for a...
Local Counties Show Diverging Days‑on‑market Trends
A slide I'm showing in a presentation this morning. Days on market for three local counties. https://t.co/3kanFGf5f5
Housing Leading Indicators Return to Positive Growth
With the MBA data this morning, all of my three favorite housing leading indicators have flipped back to positive YoY growth after war-related declines at the end of March. Will it hold? https://t.co/nPUuWGhIrg
NIMBYism Unites Wealthy Suburbs and Rural Communities
Affluent suburban homeowners: NIMBY is a slur. Rural residents against data centers: Keep that the hell out of my backyard https://t.co/qaPDuoYLG3
Life‑Science Lab Real Estate Bounces Back, Investors Take Note
Life sciences lab real estate is on the rebound. What it means for investors @CNBC #realestate #biotech #realestateinvesting https://t.co/Ts7hAvMYed
Only Top 20% Can Afford Ontario, BC Homes
Average Incomes Aren't Good Enough To Buy A House In Ontario & BC Today: It's Just The Top 20% Of Incomes It was my honor to testify before the Finance Committee of Parliament for the 4th time & I got some...
Housing Supply Stabilizes While Demand Remains Tough
The supply trends in the housing market (both new and resale) have stabilized a lot this year even as demand continues to be challenging.
Mortgage Rates Poised to Climb Despite Low Oil
I find it interesting how many people think mortgage rates won't up from here. Despite $100 a barrel oil, total unknowns in the Middle East, and the fact that mortgage rates are historically HIGHEST in the months of May and June. Seems...
ReSeed Deploys $125M, Launches Cohort 3 GPs
ReSeed Cohort 3 Launch Week: Boulder, CO Rhett came to me with the idea for ReSeed ("y-combinator for real estate GPs") in '22. We started the business with a fantastic team of co-founders and an incredible anchor investor in early '23. Since...
Homebuilders Cut Spec Inventory, Boosting Margins
Homebuilders like $DHI and $TMHC reporting sharp, swift declines in unsold finished homes during earnings so far is good news for the sector. Excess spec inventory has been one of the biggest drags on margins in recent years.
Keyton Launches Australia’s First Passive House Retirement Home
"One of the country’s largest retirement living developers, Keyton, has unveiled what it says is Australia’s first Passive House built within a retirement village, drawing industry attention after previewing the concept last year" #passivhaus #passivehouse https://t.co/MxFWA82cXY https://t.co/5AOoVlyEiM
Australia’s Tallest Build‑to‑Rent Timber Tower Gets Passivhaus Certification
"$330m Deal Clears Way for Australia’s Tallest Build-to-Rent Timber Tower - adaptive reuse, combining mass timber at scale with Passivhaus certification for the first time in Australia." #passivhaus #passivehouse https://t.co/LWTGVGpiC4 https://t.co/pIJyWjH0vc
Create a Circle to Accelerate Real Estate Success
Build a circle that helps you level up. Follow @chasecalhoun.realestate for more on build-to-rent and real estate investing. #realestate #investmentproperty #buildtorent
₹1 Cr Flat Turns Into Cracked, Unlivable Nightmare
₹1 Cr flat… but the walls are cracked 😳 A buyer in Noida shared a video showing the poor condition of his expensive flat. He bought a ₹1 crore flat: 22nd-floor apartment Premium price But what did he get? – Cracked walls – Poor painting & finishing –...
BLDR Undervalued: Massive Cash Flow, Housing Shortage Persists
Market is throwing out the baby with the bathwater on $BLDR. Down 28% in 2025, another 20% in Q1 2026. Yet $875MM in free cash flow, 10-13% FCF yield, and zero growth priced in. Structural US housing shortage isn't going away. Pitch by...
Toll Brothers Acquires Buffington Homes to Enter Bentonville
Toll Brothers—a giant homebuilder ranked No. 390 on the Fortune 500—expands into fast-growing Bentonville @tollbrothers announced on Tuesday it's buying Buffington Homes in Arkansas Why Bentonville? Read more here: https://t.co/bEZYdQ9Si6
Buying 2010 Real Estate Beat Inflation and Wage Growth
The average American’s wages grew 14% since 2010. The average home value grew 153%. The people who bought real estate in 2010 didn’t just beat inflation. They lapped everyone who was too scared to start.
Housing Sector Buzz: Multiple Acquisitions Signal Rising Value
Worth noting the activity picking up in housing sector: $QXO acquires $BLD, $TOL acquires assets from Buffington Homes of Arkansas (it's 16th acquisition since 1995 btw) and $HD adds Mingledorff last month. Some see value in this industry.
Opendoor Eliminates Late‑night Key‑drop Hassles
Things you don't need to deal with w/Opendoor. Part 1 of n. "Realtor/property manager texted me at 10 PM asking to leave a key outside for a prospective buyers self guided tour" - Reddit, Feb 2026
Iran Conflict and Lower Rates Reshape Housing Market
How the Iran Conflict and Falling Rates Are Impacting the Housing Market https://t.co/9umONc87Wf via @YouTube
Seniors Dominate Homeownership in America’s Prime Cities
"Older Americans own much of the most desirable real estate in the country’s best cities & they are not moving. The 70-to-74 age group has highest homeownership rate in the nation — above 80 percent — and those 75 and...
AI Triggers Mortgage Rate Cycle: Unemployment, Inflation, Then Recovery
Pondering how AI might affect mortgage rates. My thought is it leads to higher unemployment initially, which typically results in lower rates. But it's "structural," so Fed lowering rates won't lead to more hiring if people aren't skilled. Rates are mostly...
Prediction Markets Could Transform Real Housing Valuations
oh damn this is a good idea also realized that we should have prediction markets on real housing
Prioritizing Housing, Safety, and Savings for All Colorado
Do Not Disturb is on—because we’re focused on what matters: more housing for every budget, safer communities, and saving people money. That’s how we build a Colorado for All.
Pending Home Sales Plunge
Pending Home Sales Still in the Deepfreeze, Drop in the West & Midwest, Tick up in the South & Northeast . Down by 35% from 2021, by 30% from 2019, and by 31% from 2018. The housing market is in the 4th...
D.R. Horton Flags Housing Softness in Software‑linked Markets
Software sector worries showing up a bit in D.R. Horton $DHI homebuilder C-suite earnings commentary today: “Perhaps a little bit of softness in a few of our [housing] markets that have kind of a traditionally heavy exposure to the software industry.”
US Homebuyer Demand Hits Record Low, Prices Must Drop
U.S. homebuyer demand just hit its lowest level ever for the month of March. According to NAR Pending Sales, contract signings fell yoy to an index of 73.7. This was the worst monthly reading for March ever, even lower than 2008-09 crash. Worst...
Generative AI Cuts Building Energy Use 10‑20%
Beyond The Hype: The True ROI Of Generative AI In Building Operations “The AI does not just monitor, it anticipates. If a sudden heatwave is forecasted for 2:00 PM, the AI might pre-cool the building at 10:00 AM when energy...
Rising Mortgage Rates Slash Home‑sale Growth Forecast to 4%
"Due to the upward trajectory of mortgage rates, NAR now expects existing-home sales to increase 4% this year, down from the previous projection [+14%]." https://t.co/BNUbt2WCK1
Sacramento Home Prices Dip Slightly—Check Local Comps
Home prices are down 1-2% from one year ago. Here are six metrics to help understand price change in the Sacramento region. My advice? Don't be rigid about these numbers. Neighborhood trends can vary, so look to the comps in...
Brazil's Beachfront Skyscraper Sparks Luxury Real Estate Frenzy
I am currently in the state of Santa Catarina and it feels like a Florida-style RE bubble Very nice are though
March Pending Home Sales up 1.5% Despite YoY Dip
NAR Pending Home Sales Report Shows 1.5% Increase in March https://www.nar.realtor/newsroom/nar-pending-home-sales-report-shows-1-5-increase-in-march Year-over-year: "1.1% decrease in pending home sales"
Starbucks Pours $100M Into Nashville Hub for 2,000 Staff
Starbucks will invest $100M in its new Nashville office, which will open next year and is ultimately expected to house 2,000 workers, a combination of new and relocated employees, or "partners." $SBUX https://t.co/LJ4nwj6ZnZ
If Rent Controls Block Profits, Repurpose Land for Higher Returns
Long-term real estate ownership is basically speculating on the increasing value of land. If local government demonstrates to you that it will not allow you to monetize the growing value of land devoted to multifamily (for example, by imposing rent controls),...
Wall St Isn’t Behind Housing Crisis,
Investors bought 18% of homes in Q4 2025, but large institutional investors own less than 1% of all U.S. homes. So if it's not Wall St driving the housing affordability crisis, what is? In this video, I break down...
Secure Deal‑Specific Commitments, Skip Discretionary Fund Hassles
You think you want to raise a small discretionary RE fund, but you probably don't.* 1. Much harder to raise $$ without being able to point your investors to the specific assets you're going to buy, and 2. Your promote (the piece...
Builders Halt After 120K Units, Permits Drop
This isn't a large amount of inventory in terms of scale, but once we reach 120K completed units, the builders don't push for more construction, so it's not surprising that housing permits and starts are low. https://t.co/YgX6DViH8r
DC Class A Office Prices Reset by $430M Deal
BXP sold its stake in Marriott’s Bethesda HQ at a $430M valuation. Trophy office. Metro-accessible. Single-tenant credit. That’s the product institutional buyers still want — and this deal just reset pricing expectations for D.C. metro Class A. What does your...
Lakeville Joins Cities Opposing Zoning Loophole Bills
"Lakeville is one of several cities outraged over a package of bills that would loosen local zoning rules in hopes of encouraging home construction" https://t.co/FRpediHKpj https://t.co/lWaFHUhVPA
Mega Office Projects Struggle Amid Stagnant Demand and Rising Rates
Serious question - how do the economics of these mega developments actually work? Structural demand for office space in Japan is stagnant at best (at best). This was before WFH etc. and now yen rates are pushing 2.5% so money...
Keep a 1.99% Mortgage—Inflation Beats Early Payoff
My coworker has a 1.99% mortgage. That is something you should NEVER pay off early. Inflation is at least 3%/yr. Why would anyone pay that off aggressively? It makes absolutely 0 sense.
Condo Prices Drop 12‑31% Across Major Markets
Condo Prices Dropped by 12% to 31% in 31 Bigger Markets. Some Are where They’d Been 20 Years ago, such as Oakland. Condos face some special challenges. Oakland (-31%), St. Petersburg, FL (-28%), Austin (-26%) … the names pile up. https://t.co/SfUETbLV1D https://t.co/Jqb669OFDP