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 opposite now. https://t.co/KaClb6aO3w
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...
Slightly Elevated Withdrawals and Cancellations Remain Unremarkable
Through March, withdrawn listings and canceled contracts are still slightly elevated, but don't look particularly alarming to me https://t.co/aDY2kdN66d
6%+ Mortgage Rates Outnumber 3% or Lower
Yes, it's true — no April Fools' joke — more people have rates of 6% or higher than those with 3% or lower. @housingwire @sarahteresa6 #housing #realestate #economics #chartdaddy
Mortgage Rate Lockdown Myth Remains Unfounded
One of the most misunderstood housing economic stories in this cycle is the mortgage rate lockdown premise, which I never bought into, even in the last decade when it was being discussed. https://t.co/ae3tzVWdb9
Middle East War Lifts Fixed
Most Fixed Mortgage Rates Are Now In The 4% Range: What Should People Do? The War In The Middle East drove up Canada Bond Yields & therefore drove up Fixed Rates 5 - Yr 4.04% - 4.29% Variable Rate Mortgages now look...
St. Maarten Beach Condo: 2‑Bed for Under $100 Night
This 2-Bedroom St. Maarten Beach Condo Costs Just 15,000 Choice Points — Less Than $100 A Night - View from the Wing https://t.co/X0Zokl6CJA
Mortgage Refinance Demand Drops over 40% in a Month
Weekly #mortgage refinance demand is down more than 40% in the past month https://t.co/KBjl0aRgH6 @MBAMortgage @mortgagenewsmnd #interestrates #economy
Apartment Rents Slide as War, Job Cuts Curb Demand
#Apartment #rents weaken further as war and job cuts weigh on demand https://t.co/bhTYCv7BMT @ApartmentList @CoStarGroup @apartmentscom
Start with One Rental, Build Freedom Through Growth
One rental turns into two. Two turns into five. Five turns into freedom. But it all starts with one.
Mortgage Applications Plunge 10% Weekly, Purchase Demand Slides 3%
Mortgage applications decreased 10.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey ... The seasonally adjusted Purchase Index decreased 3 percent from one week earlier.
If You Hate Raising Money, You Hate Real Estate
Early in my career, hated raising $. Thought it was beneath me & that the deals should speak for themselves. Dumb & self-defeating. Real estate is among the ~most capital-intensive businesses. Unless you're @loganjrankin, if you hate raising $, you hate the...
Large Warehouse Leases Surge 31% as Data Centers Drive Demand
High time for storage. Demand for biggest #warehouses rebounds, w/146 leases of 500KSF bldgs+ in 25. That's up 31%+. '#Datacenter construction is starting to be a demand driver.' #realestate #CRE #industrial #logistics #Cushman #Savills https://t.co/qPqh4r1J17 via @WSJ https://t.co/6eV5DXeJBR
Cold‑Storage Hits 20‑Year High Amid Looming Industry Challenges
The reason nature abhors a vacuum is cuz it's chilly. 20-yr high hit in #coldstorage, as bldg boom, rising costs+weak demand take their toll. 'The industry is g/to have a tough couple of years.' #realestate #CRE #industrial #logistics #mortgage https://t.co/30UETCwZhR...
St. John’s to Sell SI Campus to Wagner for $30M
1st they resigned #Pitino. Now #StJohns is selling its #SI campus. In serious talks to sell its scenic satellite to nearby #Wagner for $30M. 'They have an agreement+they're working twd a closing' #NYC #realestate #CRE #Queens #GrymesHill #VitoFossella https://t.co/bjWpnMi7Ne
Sub‑6% Mortgage Rates Hit Lowest Since 2015
Q4 2025 NMDB data reveals that 78% of mortgaged homes have a rate below 6%, that's down from the peak of 93% in Q2 2022. The share of mortgaged homes with a rate below 6% is the lowest since 2015....
Replacement Cost No Longer a Credible Selling Point
We’ve gotten to the point where you almost lose credibility when you bring up replacement cost as a selling point. Take literally any retail property in America: Calculate what it would cost to build it. Add tenant improvement allowance, leasing commissions, permits,...
Choosing a Cheaper Home Bought Future Job Freedom
My friend turned down a $7M house and bought $4.5M instead. Same neighbourhood. Same class. The $2.5M he didn't borrow? Became the freedom to leave his job five years later.