Raleigh Beltline Densifies, Inventory Rise Pressures Prices
"Some developers are maximizing available land, especially inside the Raleigh Beltline. They sometimes build two homes on a single lot....[I]nventory is catching up with demand, which is affecting the average sale price" 😲 https://t.co/fi12sk2s80 https://t.co/Bev8IMMjtb
First‑home Ownership Slipping Out of Reach for Americans
Buying your first home is one of those major milestones that your parents and grandparents probably didn't even think twice about. Now, that milestone is slipping further out of reach for the average American. Full Newsletter: https://t.co/b7XW53YvL8 https://t.co/mublHiUlix
China's New Home Prices Tick up in March
Reuters: "China's new home prices edged up in March, reversing a decline in the previous month, supported by a seasonal pickup in demand in major cities. New home prices in 100 cities rose 0.05% from a month earlier after falling...
Both Broker and Attorney Essential for Office Leases
Do You Need Both a Broker and an Attorney for Your Office Lease? You need both a tenant rep broker and a real estate attorney because they serve completely different and complementary roles. https://t.co/cIlRtP0n7N
Japan's Transit Excellence Fuels Suburban Living
Japan's public transit is so good that relatively few people live in the city center; people just live slightly outside and commute in.
New Leases Get Rent Relief as Switching Costs Drop
There’s something your landlord doesn’t want you to know: switching costs in the rental market are low right now New leases are seeing more rent relief right now than renewal leases The reason? New leases must compete on the open market amid...
Mortgage Rate Surge Undermines Two-Year Affordability Gains
GS Housing Affordability Index ticks down after 2+ years of gains Mortgage rates hit six-month highs, reversing recent affordability gains https://t.co/Czxstb76r8
Akron to Replace Unused Freeway with 4,500 Homes
Akron just released its plan to demolish its hardly used inter freeway belt to make room for 4,500 homes and re-stitch the street grid. Please please please make this happen.
Even Experts Slip Up—Learn Build‑to
Happens to the best of us 😂 Follow @chasecalhoun.realestate for more on build-to-rent and real estate investing. #realestate #investmentproperty #buildtorent
Lennar's Home Incentives Triple in One Year
Lennar—America’s second-largest homebuilder—had to spend $62,700 on incentives per average home sale last year Back in 2022, that figure was $17,300 via @ResidentialClub
LA Wildfire Survivors Cite Insurance Woes in Rebuilding
The most constant complaint I've heard from LA wildfire survivors struggling to rebuild has been about problems with their insurance
Geopolitical Tensions, Not Jobs Data, Drive Mortgage Rates
Does jobs week matter for mortgage rates as the Iran war intensifies? https://t.co/eNWu4sPUwS via @YouTube
Decades of Battling Economic Myths that Ignore Real Debt
I turned 73 and have now spent 50 years of my life fighting models that pretend banks and credit don't exist in a capitalist economy. Real people are being crushed by housing costs, by private debt, and by a declining...
Why Your Home Stalls While Neighbors Sell Quickly
Seeing your home sit on the market for weeks on end can be incredibly frustrating, especially when you see other homes in the neighborhood go under contract. https://t.co/Smg7mtDOtD
Mayor Bowser Champions Pro‑Growth, Affordable Housing Partnerships
When #MayorBowser goes, w/#realestate alliance go w/her? Bisnow's exit interview w/#DC mayor, who got the #Commanders back+backed #affordable housing. 'I'm a pro-growth mayor' #realestate #CRE #TheWharf #JaneeseLewisGeorge #KenyanMcDuffie #DSA https://t.co/ePVmclbY1X
Avoid Average: Be Top Airbnb to Capture Bookings
The biggest threat to your Airbnb is not competition or saturation. It is being average. • Average size. • Average design. • Average amenities. When you are the best or second best home in your submarket, the bookings come to you. Category king always wins.
Powell's Reassurance Drops Mortgage Rates Despite Oil Surge
Mortgage rates are lower today thanks to Jerome Powell. Why? Because he put fears of Fed rate hikes to bed during a Q&A session with Harvard students yesterday. Despite surging oil prices, he said “We feel like our policy’s in a...
Abysmal Hiring Rate Signals Housing Market Trouble
In other depressing news for the housing market, the hiring rate is abysmal. The hiring rate continues to be my key macro indicator for whether the housing market can recover this year. February looks bad. https://t.co/rdRsiAwAaR
Charles Cohen Faces $187M Foreclosure at 222E59
Latest thorn in #CharlesCohen's side: #foreclosure at 222E59. Personally owes $187M to #Fortress. A billionaire #realestate mogul bleeding bucks. #750Lex #NYC #realestate #CRE #mortgage #USBank #groundlease #Vornado https://t.co/IlXXCc7keq
LA Fires Displace 80k, Yet City Still Resilient
In 2024 the Pacific Palisades had more than 16,000 structures burned down and Altadena had just as many if not more. The combined populations displaced was likely around 75-80,000 residents. In a city where housing is already scarce and buying a...
Freddie Mac Index Slides; Punta Gorda, Austin Prices Plunge
Freddie Mac House Price Index Decreased in February; Up only 0.4% Year-over-year Punta Gorda House Prices Down 23% from Recent Peak, Austin Down 18% https://calculatedrisk.substack.com/p/freddie-mac-house-price-index-decreased-8d1
Regional Banks Face $1.5T Real‑estate Maturity Crunch
CRE office delinquency: 12.34%. All-time high. Multifamily maturities in 2026: $162.1 billion. A 56% jump from last year. Total maturity wall: $1.5 trillion. Who holds the most concentrated exposure? Regional banks. The ones without the size or diversification to absorb a wave of...
Record Office Delinquency Signals Imminent Real Estate Debt Crisis
CRE office delinquency: 12.34%. All-time high. $162B in multifamily maturities in 2026 alone. Up 56% YoY. $1.5T maturity wall. Rising rates. Regional banks holding the bag. The next shoe isn't dropping. It's already laced up. --- https://t.co/GPSg1nlO6H
Home Price Growth Stalls; Atlanta Joins Declining Markets
Home prices are only up 0.9% vs last year at this time. Essentially all markets have declining growth. 10 markets are now negative vs. Jan 2025. Atlanta is new to the list. Weakness on the West Coast in the period....
Higher Rates Erase Home Price Discounts
You can say home prices are overpriced until the cows come home, but mortgage rates are the quickest and easiest affordability lever to pull. $500,000 purchase price $485,000 (3% down) 5.75% rate $2,830.33 /mo. $450,000 pp (10% off) $436,500 6.75% rate $2,831.13 /mo.
NYC Office-to-Residential Conversions Drive Sky‑high Rents
Prepare to pay up in #NYC for apts converted from offices: Studios+1bdrs w/cost $3,500-5,500/mo, Larger or great spots well past $6,000. #Conversions cost a fortune: reconfiguring floorplates designed for cubicles, putting in plumbing. #multifamily #CRE https://t.co/norND10307
Strip Mall Deals: Pay Full Price, End Up Flat
Was pitched a strip mall deal this morning. It’s around a 4% cap based on today’s income. The pitch: If I can get back a space where’s there’s a non-paying restaurant tenant, spend a year releasing it, pay TI and leasing commissions, then...
Home Prices Slow, Sellers Outnumber Buyers, Prices Set to Drop
US home prices increased 0.9% over the last year, the slowest growth rate since June 2023. There are currently a record 46% more sellers than buyers nationally. Absent manipulation from the Federal Government/Reserve, prices will come down and homes will...
Rent Prices Fall, Still Cheaper Than Mortgages Nationwide
US Rents were down 1.7% over the last year, the 34th consecutive month with a YoY decline. Renting a home is cheaper than paying a mortgage in all 50 of the largest metro areas in the US. https://t.co/swZ96UHKp8
Regional Banks Face Looming CRE Loss Wave
$1.5 trillion in CRE loans mature through 2026-2027. Office delinquency: 12.34%. All-time high. "Extend and pretend" is over. Banks are shifting to "extend and resolve." Resolve means someone takes the loss. That someone is regional banks — the ones with the highest CRE...
Airbnb Co‑Hosts Handle 95% of Rental Operations
Nobody talks about what an Airbnb co-host actually does. Here's the full picture: 1. Revenue management: • Listings • Pricing • Maximizing ADR and occupancy across platforms 2. Guest management: • Reservations • Check-ins • Communication • Check-outs 3. Home and team management: • Cleaning crews • Maintenance • Repairs • Lawn care • Pool...
Most Major US Metro Home Prices Still Falling
75% of the largest U.S. metro areas saw real home price declines over the past year. Rates have normalized, but prices haven't...yet. My latest on whether U.S. housing is starting to crash: https://t.co/HsPGtyscV6
UK Mortgage Approvals Climbed Before War‑driven Rate Spike
UK mortgage approvals rose before the war triggered a rates surge https://t.co/sRgK0HpypM via @tomelleryrees https://t.co/o5w32DYwZ5
Only One Nationwide Home Price Crash in 84 Years
There have been many economic cycles, recessions, and rising mortgage rates since 1942. In 84 years, there has only been one national home price crash period. https://t.co/AjoH2agyyy
Lodging Delinquencies Surge, Driving Overall CMBS Rise
Where’s the next CRE pain point as I warned last year? @TreppWire CMBS Delinquency Rate increased 41 bps to 7.55% in March, reversing Feb’s decline. Lodging posted largest increase, jumping 137 bps to 7.31%, the first time it’s been >7% since...
Mortgage Intent Index Slides, Yet Pending Sales Remain Positive
The Xactus Mortgage Intent Index dipped this week. Three down weeks in a row and below last year now. Xactus is counting credit pulls, so it includes refis. I've found this data to correlate well with the pending sales rate, though...
Exploring Tiny Multi-Family Independent Living Projects
Hmmm a project for 3 (or fewer) families living independently?? What could that be 🤔🤔🤔 https://t.co/OwOBaPrN67
Hot Asset Hype Triggers Overbuilding, Warns Unsophisticated Investors
Exhibit A on why uninformed / unsophisticated investors should stay from investing in industrial real estate. A few years ago I attended a conference where there was a break out panel on cold storage. Everyone on the panel was extremely bullish on...
Sacramento $400‑500K Sales Up 8%, Buyers Benefit
Seeing more sales between $400-500K in the Sacramento region. This is a part of the market that's experiencing volume growth from last year. This speaks to prices dipping and more sales happening in this range (8% more in 2026 so...
Rising Rates Erase Affordability Gains, Prices May Dip
Mortgage rates hit the upper 6s this week - up 65 bps in a month. The affordability gains of early 2026 are gone. Here's what the data shows: ➡️85,000 pending sales this week, down for the week. Still 1.5% above last...
People Want Good Homes, Not How They're Built
This is basically the same reasoning for why @americanhousing is a vertically integrated real estate company We are *using* industrial manufacturing to build nice rowhomes for people. They just find the house on Zillow, take a tour, like it ... and...
Emergent Builds MLS Replacement From a Single Prompt
A realtor just showed me an MLS replacement built with Emergent from a single prompt. F—k
No Income Tax Doesn't Guarantee Low Cost of Living
Just because a state doesn't have income taxes doesn't necessarily mean it's an affordable place to live. https://t.co/oPBtFcQdtW
Rent Control Myths: Government Can't Build Enough, Developers Won't Stay
The arguments that rent control does NOT disrupt housing supply boils down to two (bad) theories: 1) The government can build enough for everyone. 2) The private sector is just bluffing when they say they'll pull back in cities with rent control.
Bottom‑tier Homes See Offers; Overpriced Get None
More competitive at the bottom. Not a shocker. But expect zero offers if overpriced. Here are the number of offers in pending contracts over the past two weeks. Let’s keep watching demand closely since mortgage rates have spiked lately. https://t.co/nP090hRRtA
Florida Rents Plunge 25%, Renters Regain Leverage
Rental market deflation is spreading across Florida. In a metro like Cape Coral, apartment rents have been cut 25%. From a high of $1,695/month in 2022 peak down to $1,272/month. That's almost back to pre-pandemic norms (within 12%), and a signal that renters...
Buy America Law Stalls Housing, Adds Costly Delays
"A Build America, Buy America law is causing construction delays amid the US housing crisis" 😮 https://t.co/atUt3wR6gr "The waiver process has caused construction delays and hundreds of thousands of dollars in extra costs as the country faces an affordable housing...
Mortgage Rates May Drop if Tensions Ease, Data Weakens
It's looking like a good day for mortgage rates. But for them to have a winning week, we need easing tensions in the Middle East. And weak economic data, including job openings, retail sales, ADP jobs, and BLS on Friday.
Take Responsibility, Not Hope, for Better Rental Ownership
Owning rentals becomes a much better experience when you stop hoping and start taking responsibility.
Rowhomes: Ideal Starter Homes for Urban Families Everywhere
Re-upping a thread that explains WHY we are building Rowhomes: Family Size, starter homes, in Cities where young people already live ... and an *American* typology that exists in every geography https://t.co/avGI3eoAO1