Existing Home Sales Near Record Lows, Sensitive to 7% Rates
We have to be mindful that existing home sales, unlike new home sales, are still working from all-time lows; the bar is very low for growth. Sales haven't collapsed since the end of 2022, no matter where rates went, but it can slow down when rates get over 7% https://t.co/EyXxtSTwR0
Florida Inventory Drop Easier; Comps Soften Through Mid‑June
Also, be mindful that the inventory decline in Florida YoY was working from an easier bar to do so. Just like the national data, the YoY comps get easier up until mid-June. https://t.co/z4GnIpxb5B
Income Required for $289.9K Home with 3.5% FHA
How Much You Need to Make To Buy a $289,900.00 with a 3.5% down FHA loan
Homelessness Policies Erasing Rental Listings in SF
Currently doing a rental house search in San Francisco, and remarkable how much supply is crossed out because of street homelessness considerations. Self inflicted housing destruction in an already scarce housing environment.
Home Prices Poised to Dip Below 2022 Levels by Summer
Home prices sure look like they could be back under 2022 levels by late summer. *This is list prices, which is subject to a shift in the mix of homes available, but it a direct measure of how much homes cost,...
Rare 100K+ Listings Forecast 80K Breakthrough
The last time we had new listings above 100K May 24th, 2019 at 101,000 June 12, 2015, at 110,000 It's only happened a few times post 2013 During the housing crash years, it ran at 250K-400K for years We can break over 80K...
Current Rates Far Below Worst‑case Mortgage Spread Scenarios
If we had the worst levels of mortgage spreads in 2023, mortgage rates would be 7.67% today, not 6.53% If we had the worst levels of 2024, mortgage rates would be 7.29% today. If we had the worst levels of 2025,...
Looking for 2‑3‑Bedroom Paris Summer Rental with AC
Anyone renting their Paris apartment this summer (2/3 bedrooms, AC)?
Single? Buy a Duplex, Let Rent Cover Your Mortgage
Unpopular opinion: You don’t have to be married to buy a house. You can buy one all by yourself… even if you're a single girl. And instead of just buying a regular house, think about buying something that makes you...
Norway Constructs Homes From Recycled Plastic Waste
These 'trashy' homes in Norway are built from recycled plastics. (World Economic Forum) #Environment #Recycling @wef https://t.co/KTQkPzrLnH
Weekly Demand up YoY Even as Rates Fall
As crazy as this sounds, the weekly demand with our tracker data is still positive YoY, just remember that rates are still lower YoY; more on this with our weekend tracker. 🫡
Only One US Home Price Crash Despite Many Recessions
We have experienced many recessions since WWII, but only one nationwide home price crash and foreclosure crisis, household debt leverage ratio was much higher back then. https://t.co/VjgmPgQgRv
Future Homes: Smaller Footprints, Lower Costs, Easier Living
No. I’m saying in 10 years , this is how new houses will be built. Less acreage. Less internal square footage. More actual human living space. Far easier to maintain and lower maintenance costs. Less cost to...
Medical Offices Have Distinct Demand Drivers From Regular Offices
Medical Office is not OFFICE and comparing the two is just dumb. Totally different demand drivers. https://t.co/tC5q86wvj3
Redesigning Homes in 5‑10 Years Seems Unrealistic
while I agree with his general thinking about how we’ll rethink home design, seems optimistic to think that a meaningful percentage of homes would be redesigned in a 5-10 yr period
Per‑unit Housing Costs Mislead without Unit Mix Context
This is an example of why I dislike "per unit" metrics in housing discourse & policy $827K/per unit sounds really really bad ... and it's not GOOD BUT ... when you take unit mix, and size, into account it gets a little...
Spring Housing Outlook Crumbles as Rates Surge Above 6%
In less than a month, hope for a decent spring selling season has all but vanished in housing as oil spikes, rates jump, and inflation expectations reset higher. Can’t even get an adjustable-rate mortgage below 6% anymore. https://t.co/YOV544jjTl
Spring Housing Surge Meets Rising Mortgage Rates
The spring #housing market is on, but mortgage rates just shot higher. Here's what to know. https://t.co/RH3r7ufpUH @realtordotcom @cotality @mortgagenewsmnd @jonathanmiller #realestate #realestateinvesting @SelmaHepp
Affordable Housing Mirrors Market-Rate; Myths Persist About Section 8.
Most people would never be able to tell the difference between a Class A market-rate apartment project and a modern affordable housing development. Yet affordable developers still confront myths all the time that they're building Section 8 "projects." https://t.co/2C59S50Hql
Most Major Metro Home Prices Cooling; New Orleans Defies Trend
47 of the nation's 50 largest metro area housing markets have a weaker year-over-year home price shift this early spring than a year ago The biggest exception is New Orleans—which is firming up after passing through a 'material' correction Analysis via @ResidentialClub...
Mortgage Rates Jump Above 6.5%, More Hikes Ahead
A 6.50%+ 30-year fixed mortgage rate is coming today. Crazy we had sub-6% rates less than a month ago. It's going to get worse before it gets better.
Rising Transport and Petroleum Costs Squeeze Homebuilder Margins
Falling construction costs were a rare positive for homebuilders in 2025. That’s quickly shifting as transport costs jump, as will build costs since many construction products are petroleum based. Hard for homebuilders to push new cost increases through, so more...
Outsmart Competitors, Navigate Ahead in Real Estate
Get around people who are 2-3 steps ahead of you. Follow @chasecalhoun.realestate for more on build-to-rent and real estate investing. #realestate #investmentproperty #buildtorent
Slower Inventory, Strong Demand Thanks to Low Mortgage Spreads
Inventory growth has been much slower this year vs last; the housing demand curve has been positive this year because rates are still lower YoY. If mortgage spreads didn't improve rates would have already been above 7% already https://t.co/J8onCbn0WP
ARMs Offer $150 Monthly Savings, Biggest Discount Since 2022
"The typical homebuyer would save $150 per month taking out an adjustable-rate mortgage instead of a 30-year fixed rate mortgage. That’s a 5.8% discount, the biggest ARM users have had since June 2022 in both dollar and percentage terms." -Redfin
February Home Sales Slowest Since 2016, 66-Day Average
"U.S. homebuyers are taking their time as we head into spring, which is usually the busy season for the housing market. The typical home that went under contract in February spent 66 days on the market. That’s the slowest February...
Penalizing Density Rewards Developers, Highlighting Policy Paradox
Engquist: 1 man's penalty is another's reward. How #realestate+pols see the world differently. Biz folks see economics, pols see consequences. 'They've done the exact opposite by penalizing density' #realestate #CRE #multifamily #NYC #485x #unions https://t.co/fYGiKUe7PA
Fifth Ave Condo Conversion Files Chapter 11, Project Paused
Slaughter on #FifthAve. #Vinoly-designed #condo conversion by #TopRock+#RJ at ex-office/#retail bldg at #609Fifth enters #Chapter11 #bankruptcy, avoiding #foreclosure sale. Project on hold. #realestate #NYC #ValleyNational #mezzdebt #mortgage $SLG https://t.co/CWDBhXObE7
Daily Chart Guidance Amid Volatile Oil and Bonds
No matter how crazy #oil and #bonds get, your friendly neighborhood #chartdaddy will guide you daily. #mortgagerates #economics
City Tackles Housing Crisis by Tracking Corporate Owners
The city that can't turn on electricity for new apartment developments is gonna solve its housing problems by tracking corporate ownership.
Built a Multi‑Factor Tool for Choosing Where to Live
I had never seen a really robust tool that allowed me to set + weight all the things I might care about when picking a new place to live So over the past week I built it Sort by weather, crime, income,...
New Home Prices Fall, Inventory Peaks Since 2009
Prices of New Single-Family Homes Drop Further, Inventory of Completed New Homes for Sale Highest since 2009. Hoping for lower mortgage rates that may not come https://t.co/xfMYbwdtVK https://t.co/ImauhfwDWA
Prioritize Retirement Savings over Apartment Down Payment
You’re 32, Software Engineer, NYC. $250k income. $350k retirement $250k brokerage. Do you max retirement/brokerage accounts or focus on saving for a $1M apartment down payment?
U.S. Home Prices Edge Up Slightly, Still 43% Above 2020
U.S. home prices, as measured by the Zillow Home Value Index, rose +0.1% month-over-month between January 2026 and February 2026. Year-over-year: +0.4% Since the 2022 peak: +1.6% Since March 2020: +43.2% Table via @ResidentialClub https://t.co/LC4jle3nVp
January Home Sales Slip; Watch Under‑Construction Trend
New home sales and prices stumble in January. But my eyes are on that Under Construction line... https://t.co/ba6EOBkX36
Builder Surplus Signals Coming Resale Slowdown, Owners Cling
One of the more interesting things in the housing market right now is the divergence between Builders and existing owners. Builders are now near 9 months of supply (heavy correction / near crash level) But existing owners are at only 4...
Bozzuto Group Poised for New Deals with 22K Units
Someone else w/manage #SecurityProperties's abt 22K units so it c/seek new deals. That someone w/be #BozzutoGroup. #realestate #CRE #multifamily #Seattle #MD #WA https://t.co/ixn5Acko9D via @PSBJ
Assuming 100% Development Underestimates Needed Zoning by 5x
This assumes that the probability of development of zoned capacity is 100%. That's unrealistic. Let's math it out: DC needs 120,000 units by 2050. Assume a high p(dev) of 5% every 5 years. DC would need to zone for 622,100...
30
I'd say a 6.50% 30-year fixed seems like a foregone conclusion at this point. When not if... That'd be the first time rates were that high since last summer. Pretty sure the housing market can't handle a return to 7%, not...
Simple Strategy to Boost Landlord Income Significantly
You think being landlord is easy? This is trivial way to make a LOT more
New Home Share Still High, Gradually Normalizing
New home share of total inventory remains historically elevated, but is moving back toward normal. https://t.co/fgRMXqrkuk
January New‑home Sales Plunge to Lowest Since 2022
Temporary Freeze or Deeper Chill? New home sales fell sharply in January to 587K (vs. 722K expected), marking the slowest pace since Oct 2022 and the steepest monthly drop since 2013. https://t.co/W9Fwrwtvjb
Policy Failures, Not Private Firms, Drive California's Insurance Crisis
California's property insurance problems are very similar to its housing problems -- an obvious consequence of bad public policy shrinking supply, and yet the private sector is often blamed for it. There is no "easy button" to solving complex problems decades...
Bay Area Homes Priced Low Despite High Demand
Different vibes in the Bay Area and Sacramento. Properties in the Bay Area are often priced strategically low. More on my blog. What stands out to you here? https://t.co/rts5PIUSxe
January New Home Sales Plunge, Prices Drop 13%
New Home Sales Decline Sharply to 587,000 Annual Rate in January Median New Home Price is Down 13% from the Peak due to Change in Mix https://calculatedrisk.substack.com/p/new-home-sales-decline-sharply-to
Tax Credits Spur Family‑Focused Apartments with Playgrounds
One positive quirk to how affordable housing tax credits work: They incentivize developers to build apartments for families with kids, which in turn means developers also build kid-friendly amenities like playgrounds you wouldn't see a market-rate apartment project.
Meta Secures 697 Fifth Avenue Flagship, Boosts Vornado
Big #tech discovers #5thAve. $META takes entire 15KSF townhouse at hi-rent 697Fifth, next to the #StRegis as its 1st permanent #NYC flagship+making owner #Vornado's day. #realestate #CRE #REIT #Facebook #virtualreality #retail #FarleyBuilding $VNO https://t.co/sYcy85cb1c
Real Estate Set to Benefit From Private Credit Exodus
Real estate could be the big winner in the private credit exodus https://t.co/DFzvuJjBGz #realestateinvesting @JLL @blackstone @CoStarGroup
Personal Lease Sign‑Off Saves Owners Thousands Every Years
Why I still sign every lease in our ~1200 unit portfolio personally: Bc, about once every 2-3 yrs, I catch an incorrect rental amount, which would have cost the owner: 1. Hundreds or thousands of $$$ in forgone rent and, 2. In...
San Francisco's Pandemic‑Era Inventory Has Vanished Completely
Gave a quick talk for agents in San Francisco today. Would you be surprised to learn that all the pandemic-era inventory in the city is completely gone? We really are in the next era of the housing market https://t.co/JmnzqbgEMn