Trump's LA Wildfire Rebuild Plan Collapses Before Launch
NEW: The Trump plan to take over LA's wildfire rebuild is over before it started. https://t.co/JBoXSiUqhh
Sacramento Sellers Must Offer Concessions to Win Picky Buyers
Some stats for seller concessions to buyers in the Sacramento region. Buyers are very picky about getting into contract AND staying in contract. Sellers, work with buyers. Make the transaction a win for them also. And if the market requires,...
Ryan Serhant Shifts Focus to Commercial Real Estate
Property Play: Ryan Serhant of Netflix's 'Owning Manhattan' is leaning hard into commercial real estate https://t.co/gAioTF8Hoz @RyanSerhant #realestate #realesatateinvesting
Credit Karma Launches AI‑powered Mortgage Refinancing Marketplace
Credit Karma has just rolled out mortgage broker services to its users (*refinances only). "Credit Karma Home Loans" allows users to shop over 40 financial institutions and 1,500 loan products. Will be powered by Better Mortgage's Tinman AI Platform.
Existing-Home Sales Rise to 4.09 M; Prices Edge
NAR: Existing-Home Sales Increased to 4.09 million SAAR in February Median House Prices Increased 0.3% Year-over-Year https://calculatedrisk.substack.com/p/nar-existing-home-sales-increased-836
February Home Sales Rebound Slightly; Supply Growth Lags
February home sales see small rebound, but supply growth is 'sluggish' https://t.co/lU7RWyXYsP @nardotrealtor #realestate #realestateinvesting #housing
Housing Inventory Shrinks to 1.29M, Far Below 2007
1.29 million total inventory in 2026 4,000,000 in 2007 It's 2026, the 4th year after the big sales crash in 2022. Stop dancing with a ghost 🫡
Ignore Recent Dip, Trend Since June Remains Upward
So we can move along from this 2-month period Last month's report was a holiday softness; the rebound should be discounted as well, and just forget these last two months and follow the trend that has been since mid-June
Final Home Sales Report Shows Snow Impact, Outlook Stable
Just remember, this is the final existing home sales report that has some of the snow variable in it; our forward-looking data looks fine for the last 3 weeks https://t.co/JtXKhBSDDM
Canadian Rents Drop 17 Months Straight, Still Too High
Rents In Canada Falling For 17 Straight Months: A Good News Bad News Story Let's be really clear on this: in 2023 - 2024 Rents in many Canadian cities were insanely high This constant drop in Rents was so badly needed BTW: Rents...
Austin’s Housing Surge Fueled by Rent‑control Ban
What many YIMBYs miss about the Austin housing supply miracle: Investors were willing to capitalize that construction, in part, bc, except in cases of *actual* emergency, Texas bans rent control at the state level. https://t.co/rl9bpQ94Cx
Austin's Lower Rents May Attract More Startups
If the positive rent impacts of this construction persists, I do think you're going to see more startups relocate to Austin - assuming San Francisco continues to not get out of its own way.
Lennar's Q4 Incentives Jump to 14%, Outpacing PulteGroup
Q4 2024 incentives rate: Lennar —> 10.0% PulteGroup —> 7.2% Q4 2025 incentives rate: Lennar —> 14.0% PulteGroup —> 9.9%
Missing Square Footage Is as Clueless as Hidden Height
Not including square feet in an apartment listing is like not including height in a dating profile.
Huge Demand for Edgartown Rowhomes; Builder Ready to Scale
There would be plenty of demand to buy Rowhomes in Edgartown If they let me, I’d personally build hundreds.
Avoid Federal Limits on Build‑to‑Rent: Preserve Housing Supply
I deleted a couple posts criticizing a letter from 100+ YIMBY groups that was mostly quite good, but erred (IMHO) in supporting what is effectively a partial ban on build-to-rent construction. My word choices in those posts were too callous, and...
Mortgage Intent Index Peaks Highest in Over Two Years
A great dataset I recently got access to: Xactus Mortgage Intent Index. Xactus processes credit pulls in the mortgage application process. The index is based on actual apps. It is highly correlated with the Altos weekly pendings data. Now at highest...
Inventory May Turn Negative YoY by Early April
Inventory has a shot of being negative year over year by the end of March or the first week of April if the seasonal increase doesn't happen soon. https://t.co/yYspHxEdvu
Sales May Beat Forecast Despite Slight YoY Decline
2nd Look at Local Housing Markets in February Altos: Active single-family inventory was down 0.6% week-over-week https://calculatedrisk.substack.com/p/2nd-look-at-local-housing-markets-b1a My sense - based on limited data - is sales will be above the consensus forecast, but will likely be down slightly year-over-year.
Early 2026 Sales Lag 2025, March May Recover
The first two months of the year have started off with lower closed sales volume than 2025. The hope is for March 2026 to be a little higher in light of slightly more pendings lately. https://t.co/Ctj0EyVXqx
Ideal Industrial Tenant: Low‑Maintenance, Reliable Rent Payments
This is the dream industrial tenant. Essentially just dry storage with very little to ever be concerned about. Tenants pay their rent consistently and you never get a phone call from them. The exact opposite of pickleball really. https://t.co/OWpWYLmHs8
YIMBYs Paradoxically Oppose Universal Build‑to‑rent Development
Genuinely puzzled that 100+ YIMBY groups signed off on a letter that says "we should allow build-to-rent construction everywhere except not really everywhere." What the heck? YIMBYs are now NIMBYs? That is literally a tactic you criticize NIMBYs for. 🤦♂️ https://t.co/Z61eYharAp
Previewing California YIMBY's 2026 Legislative Agenda
On Thursday, I'll be walking through California YIMBY's excellent 2026 legislative agenda. See you there? https://t.co/3KTPbOnoos
Housing: Unexpected Alliance Between Trump and Mamdani
From the weekend: Why it makes sense that housing is where Trump and Mamdani can find common cause and how Mamdani and LA's Nithya Raman and seeking to upend a half century of urban housing politics and a decade-long fight...
Homeowners Resist Affordable Housing, Celebrate Rising Rents
You are forgetting nobody wants their towns to get cheaper. They want their homes to appreciate and for poor people to be priced out of becoming their neighbors. The developers, landlords and homeowners in Austin are PISSED rents are dropping.
Florida Metros See Home Values Decline Across the Board
Every major metro area in Florida has experienced declining home values in the last year. Orlando, Tampa, Jacksonville, Lakeland, Naples. Now even Miami is getting in on the action. Demand and sales volume continue rest at the lowest level in nearly 15 years....
Renovate-to-Rent Crucial as Investors Outspend Homebuyers
Encouraged to see pro-housing voices pushing to keep build-to-rent. I'd also suggest pushing to keep "renovate-to-rent." Three things: 1) Freddie Mac wrote in 2022 that investors "heavily target under-market-value homes that need more repair than what most first-time homebuyers are willing to...
Wealth Clusters Around Corridors, Not Sectors
The “Corridor Gravity” Law Why 80% of Real Estate Wealth Is Created Within 2–3 km of One Road Most people buy property based on: • sector number • builder brand • brochure amenities But in real estate, the real economic unit is not the sector. It’s the...
Limited Supply Keeps Prices High, No 2008‑style Dip
So much talk about another 2008 price collapse, but that's very challenging to get with 2026 stats. I'm not sugarcoating. All I'm saying is very limited supply has kept prices higher. Not much of a dip over the past four...
From One Salary to Two: Middle-Class Squeeze
Just ONE generation ago, our fathers could support an entire family on a single paycheck. Afford homes, buy cars, raise kids, family vacations, and retire with pensions… all on ONE middle-class salary. Today? Two incomes barely cover rent in most cities.
Rockefeller Center Hits 98% Lease at Record Rents
The iconic Rockefeller Center. Ben Epstein and his team handle the leasing, and they’re crushing it. 6.5M square feet, 98% leased. Rents? The highest they’ve ever seen. Fun geeking out on the market - hard to imagine a more incredible leasing assignment anywhere. https://t.co/yBZqAs7D2v
Property Insurance Costs Hit Record High
March ICE Mortgage Monitor: "Average annual property insurance payments rose to an all-time high" https://calculatedrisk.substack.com/p/march-ice-mortgage-monitor-average
Cities Must Signal Long-Term Investor Confidence, Not Just Regulations
Fact 1: On today's numbers, apartment buildings take 15-20 yrs to pay back the investment in building them. Fact 2: To justify that investment, investors need to expect the buildings to generate returns for decades thereafter. So, if your city wants private...
Alafia’s First Phase Opens: Wellness‑Focused Affordable Housing in Brooklyn
"The first phase of Alafia, a wellness-focused affordable housing campus designed by Dattner Architects and SCAPE, opens in Brooklyn" #passivehouse #passivhaus https://t.co/lb0QUOXps2 https://t.co/bJbVxJ4ZiH
Analysts Condemn, Realtors Back Bill that Harms Buyers
Pretty much every serious housing analyst and economist is opposing the ROAD to Housing [Inflation] Bill. Yet the National Association of Realtors is cheering for a bill that would take housing away from people who can't afford to buy houses. 🤡...
Arts & Crafts Homes Meet Low‑Energy Standards
"Metropolitan Workshop completes Arts and Crafts homes on 1920s Lewisham estate" Note: There are PHI "Low Energy Building Standard" not Passivhaus. (Different standards.) #lowenergy #energyefficiency https://t.co/e4vneBU3bQ https://t.co/NOE87HmVEy
Leith’s Historic Mill Transformed Into Student Housing
"A historic Leith landmark – once an industrial mill, later a cinema and most recently a bingo hall – is set for a new lease of life as a 200-bed student accommodation development." #passivhaus #passivehouse #EnerPHit #retrofit https://t.co/tbEAJY3ID1 https://t.co/cOcng2SmLt
Proposed Bill Could Halt Rental Construction, Raise Rents
Are elected officials about to pass the "Rental Inflation bill?" The requirement to sell future Build-to-Rent homes to homeowners within 7 years will effectively stop the construction of rental homes, decreasing new supply and thus increasing rents. https://t.co/SEU7Kc03c3
Marriage Decline Drives Steep Fall in Young Homeownership
"A big reason for the 18-percentage-point drop in young adults’ homeownership rate is the massive 30-point fall in marriage." @swinshi @AEI https://t.co/iYsEfqmNkr
Residents Deserve Better Property Management Fees Deal
Thanks to Private Eye for mentioning my scrutiny of FirstPort - we need a far better deal for residents paying property management fees. https://t.co/LBxwnMpSGu
Low Rates Trap Sellers, Stalling Housing Turnover
Symptom of the low mortgage rate golden handcuffs narrative that’s keeping housing market turnover depressed
Build-to-Rent Ban Threatens Catastrophic Harm to Housing Bill
If the build to rent ban isn't removed from ROAD to Housing, the bill could do catastrophic harm.
Add Difference-in-Conditions Insurance to Guard Against Disasters
💪 Protect Your Home & Family 🙏 Most insurance companies do not include natural disasters in your policy. However, if your home gets destroyed from one, you’ll have to pay two mortgages. The only way to avoid this is with...
Simplicity and Consistency Drive Real Estate Success
Start simple. Get consistent. Follow @chasecalhoun.realestate for more on build-to-rent and real estate investing. #realestate #investmentproperty #buildtorent
New Housing Act Threatens Supply and Affordability, Especially BTR
The proposed “21st Century ROAD to Housing Act” will suppress future housing supply and worsen affordability. A harsher stance on build-to-rent (BTR) is most concerning, and we fear much of the housing supply seen in our chart below is now...
Inventory Growth Slows, February Still Outpaces Season
This ResiClub table helps you see through the seasonal inventory shift noise The inventory growth slope has decelerated from last year However, based on the February figure—the most important print of the year—we’re pacing a tad above the normal seasonal pace https://t.co/6IrsSaR9mW
Home Prices Dip 1.38% YoY, Falling Since October
List prices are 1.38% below last year. Home prices have been negative since October and are moving lower, relative to last year. Here's two views https://t.co/xHl3d0HNvs
Add JSON-LD Schema to Make CRE Listings LLM‑Discoverable
Are you optimizing your commercial real estate listings to be found by @claudeai @ChatGPTapp @ManusAI @grok and others ?
AI Generates 15 Potential Sites for 6k‑8k Sqft Build
I just got the following from a commercial real estate broker representing a tenant looking for land to build 6,000-8,000 Sqft Building: I ran a CGPT prompt for land site of 1-2 acres and came up with 15 options however...
Bellevue New Apartments Skew Toward Studios, Not Families
Look at the distribution of units built in Bellevue, Washington. In buildings since 2010 with more than 20 units ... over 70% of new units are Studio or 1BRs, and less than 2% have 3+ bedrooms We don’t build apartments for...