Provincial and Federal Support Cuts Municipal Development Fees
Today We Will Have The Announcement Of The Provincial & Federal Governments Supporting The Reduction Of Municipal Development Fees Let's endorse this Everything that reduces Taxes is an unqualified GOOD THING Because Canadians are over taxed And Development Fees went NUTS
REPE Funds Force Cap Rate Compression for Rapid Gains
How “The Game” works in Institutional Real Estate Private Equity A lot of people know that when cap rates go down RE investors make a lot of money. Most investors rely on a lucky market to do it But what if you...
Renters Rights Act Hurting London Rental Supply, Data Mis
This is so terribly misleading. 1) This is ALL housing, not just rentals. 2) Even so, London rental supply DID fall last year largely due to the "Renters Rights Act," which swings pendulum so far that it's disincentivizing rental supply.
Buy by Price per Foot, Sell by Income
We bought a 6% Cap building for $1.95M and sold it for $5.5M. Lesson: Buy based on price per foot, sell based on income. https://t.co/cMiaf6dKzV
Suburban vs DC Buyers: Short‑Term Focus Over Housing Cycles
This piece from @mattyglesias makes me wonder if there’s a difference in perspective between an Alpharetta and a DC townhouse buyer, just less familiarity with multi-generational housing cycles of aging and renewal and more focus on the now: https://t.co/yWIIKEvGiH
Affordability Crisis Deepens for the Poor Despite Media Silence
Just a reminder that while the crowd and the media may have moved on, the affordability crisis didn't suddenly go away for those at the bottom. In fact, just the opposite. It's gotten worse, and not just economically.
Mortgage Rates Rebound From Historic Lows to 6.38%
Average 30-Year Mortgage Rate in the US… 1970s: 8.9% 1980s: 12.7% 1990s: 8.1% 2000s: 6.3% 2010s: 4.1% 2020s: 5.3% --- All-Time Low (Jan 2021): 2.65% 2023 Peak (Oct 2023): 7.79% Today's Rate: 6.38% (highest since Sep 2025) https://t.co/EZVocXbneE
LA Housing Authority Launches Active RFP for Management
This is from an active RFP for managing housing on behalf of the Housing Authority of the City of Los Angeles https://t.co/9nka8Quvyt
Queer Eye Star Designs Luxury Holladay Homes for Tri Pointe
This ‘Queer Eye’ star helped design massive new luxury homes in Holladay. Here’s a peek. A model in Tri Pointe Homes’ new community will open this summer. The Salt Lake City Tribune toured it in the fall.
Stop Overpaying: Verify Property Taxes via County Records
Most investors miscalculate property taxes and it can be extremely expensive Here’s how to do it right: Property taxes are usually re-assessed at sale. This means that you don’t underwrite the same property taxes the seller had They’re public info. So you're going...
City Apartment Types Impact Family Retention and School Budgets
This is another reason why cities should care about the TYPE of apartments being built. Keeping children and families is critically important, both as a thing that is “Good” and because losing children is financially ruinous to city school budgets
Fewer People, Less Housing; Global Compute Limits Remain Unclear
Obviously, a country with a declining population doesn’t need unlimited residential construction. Much less clear what are the limits to compute needed by the entire world.
Tampa Bay Vacancy Hits 8.7%, Sparking Vertical Growth
What's going on in the Tampa Bay area? Apartment vacancies just spiked to 8.7%. Haven't seen anything like this in 10+ years. They're going vertical. https://t.co/EXZxZsIT13
2026 Demands Higher Caps—Don’t Wait for Naive Buyers
Dear sellers stuck in the past: A property we’re about to list with a broker would’ve sold at a 4.75% cap in 2021. It will be listed at a 6.25% cap. Why are we selling at a 24% discount to 2021? Because it’s...
Speed Trumps Higher Margins in Home Building
These firms are primarily solving for speed of construction and sales and maximal return on each equity dollar. A 20% margin home they can build and sell in 3 months is BETTER than a 40% margin in 6 months 1.2^4 =2.0736x 1.4^2...
US Stalls Progress: Regulations, Not Tech, Hold Back Innovation
Why is it so damn hard to do big things in America? Australia has 40% rooftop solar. We have 6%. We can build beautiful homes in a factory for $300k delivered. Local regs block it. The technology isn't the problem. We are. https://t.co/IBSjsr4eDl
Florida Inventory Drops; National Growth Slows to 5.7%
Did you know Florida's inventory is down year over year? Also, the growth rate of inventory nationally decreased from 33% to 5.69%. With a HousingWire subscription, you can access local, state, city, and ZIP code data with multiple data points....
ICE Purchases Warehouses to House Detainees
ICE is buying up warehouses … for people. Great article in the Wall Street Journal featured on today's Chartbook Top Links: https://t.co/sIvP3Dpgd7
Apollo Plans Second Headquarters in a Red‑state Location.
NEW: Apollo wants a 2nd HQ outside of NYC and will put it in a red state: https://t.co/geTbHJ1Vla https://t.co/CRqBAkfAcy
Builders Will Match Demand When Buyers Pay Enough
If people were generally willing to pay this … I’m confident Lennar and DR Horton would build it that way Those firms are **dialed in** on costs and demand
Florida Inventory Drop Reflects Elevated Base, Not 2008 Crisis
Be mindful that the inventory decline we are seeing in Florida was working from an elevated level, and since it's not 2008 or worse than 2008, the decline needs context on a year-over-year basis. Try not to overthink this one,...
US Churches Build Housing to Ease Shortage
YIGBY: "Putting the ‘lord’ in ‘landlord’: US churches step up to build housing amid Shortage" https://t.co/dEni2mt4QL https://t.co/nAO87eJOWf
Barcelona Shows Public Housing Can Be Beautifully Designed
If Barcelona can build public housing as beautiful as this, so can we. MBM Arquitectes and 4RQ Arquitectura
Seek Low‑Competition Markets for Mispricing‑Driven Returns
People go about choosing a market all wrong. RE investors make money on mispricings Less competition means less price discovery which means more mispricings which makes it easier to generate outsized returns So your main criteria for a market should be "place...
Terafab Could Dwarf Global AI Compute Capacity
If Terafab actually gets built it will be one of the largest industrial projects ever. High level stats: - semiconductor factory designed to do everything in one place (design, manufacturing, testing, packaging) - first building will be in Austin and ~ 2M sq...
Texas Triangle Dominates U.S. Population Growth Rankings
Long the Texas Triangle. ✅ 4 of the Top 10 US MSA's with the most population growth are located in Texas and 5 of the Top 10 counties. ✅ 3 of the Top 10 counties are in the Houston MSA
Housing Data Stays Steady Amid Global Turmoil
Considering all the drama we have had all year, AI, private credit, and an epic snowstorm, and now the Iran conflict, the housing data has been mostly stable & boring for now
Pasadena Seeks Exemption From Transit‑friendly SB 79 Amid Rising Rents
Even as rents rise, Pasadena is trying to get carved out from SB 79, a bill that would make it easier to build apartments near transit. https://t.co/8Ku8qFkpZW
Rowhomes: Cozy 14‑16‑Foot Width Ideal for Families
One of the reasons I love rowhomes is because they are 14-16’ wide Narrow, family size homes https://t.co/84eesIRj7C
2012: Rare Generational Home‑Buying Opportunity via Peak Affordability
... and 2012 was a generational chance to buy a home... US Housing Affordability Index hit an all-time high then.. (moderate prices, low mortgage rates, recovering wages) @yardeni @realtors actually.. another @clementsmoney piece from me about that... https://t.co/PMNPDGiYEc https://t.co/zwLHFnQpRR
Mortgage Rates Have Surged Far Beyond 4.95%
4 years ago, we thought a 4.95% mortgage was steep. That was cute. #OTD from me on @ClementsMoney https://t.co/nU3mkGlWHf https://t.co/aecygolvLT
Iran War Triggers Four-Week Mortgage Rate Surge
Rising inflation and gas prices aren’t the only economic challenges arising from the Iran war. Mortgage rates have risen 4 weeks in a row since Trump started the conflict; the average 30-year rate is now 6.38%. @wsj
Housing Ratios Ignore Location and Unit Condition
This is why it's really dumb to look at population-to-housing ratios or compare homelessness to vacancy. You have to account for: A) location / neighborhood (growing areas versus shrinking areas), and B) condition / age of housing unit.
Visit Before Buying: Remote Property Success Strategies
"You can't buy properties out of state" This is comically wrong. I've never even bought a property in a state I lived in Here's how to operate deals remotely: First off - a lot of people think you can buy a property sight...
Free Due Diligence Checklist for Multifamily Rehab Deals
Reminder: The due diligence checklist we developed over >100 multifamily rehab deals is available for download for free (bc I'd like to grow my mailing list). What's a due diligence checklist? It's a list of the potential risks you need to...
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...
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...