Altadena Renters Lag Behind Post‑wildfire Recovery, People Matter
Renter recovery is lagging in Altadena after last year's wildfire, a new @UCLAlatino study finds: “The real question is when we’re prioritizing return to Altadena to what it once was, is that based on the housing or is that based on the people?” https://t.co/ycV663OsT7
More Pandemic Construction, Fewer Bidding Wars; Less Building, More.
🏗️The places that built the most housing during the pandemic have the fewest bidding wars, and the places that neglected to build have the most. 🏘️ See percent of homes selling above list price by county. https://t.co/giPGgmFuBr
Avoid Underwriting Errors to Maximize Build‑to‑Rent Profits
Build to Rent Deals: Avoid Underwriting Mistakes for Profit Follow @chasecalhoun.realestate for more on build-to-rent and real estate investing. #realestate #investmentproperty #buildtorent
Bay Area's Tech Boom Fuels Essex Growth Through 2026
Here are some highlights from Essex's (major West Coast apartment REIT) recent earnings call: 1) The Bay Area remains a bright spot for Essex, driven by tech jobs plus limited housing supply. Essex expecting same for 2026. https://t.co/bENUiyzAc3
Closed Pharmacies Find New Life as Versatile Retail Hubs
Drugstores are shrinking fast, but their real estate is not becoming obsolete. Well-located former pharmacies are turning into some of the most versatile second-generation retail and healthcare sites in the market. ▫️Walgreens plans to close 1,200 stores (500 in 2025 alone). ▫️CVS...
Austin Rents Set to Rebound as Vacancy Dries
#Austin poised for another moment. Rents there w/probably rise in coming months after falling last 10 qtrs as trove of empty apts starts to run dry. #realestate #CRE #multifamily #tech #mortgage #investmentsales https://t.co/meHbZSFqVN via @WSJ https://t.co/T2gRvG2Sc2
DC Height Act Forces Windowless Bedrooms in Apartments
If you ever wondered why DC has so many apartments with windowless bedrooms … it’s the Height Act https://t.co/Axl6cvRgrf
Mortgage Demand Hits 10‑month Low, Biggest Homebuyer Strike
Mortgage demand to buy houses just plummeted to its lowest level in 10 months. The MBA mortgage purchase index is now at 150. 57% crash from pandemic peak. 40% drop from 2018-2019 levels. It's the biggest homebuyer strike ever. https://t.co/FVB0HYY4bc
Look Beyond Median Sales Price to Understand Home Price Trends
What are home prices doing? It depends. Some thoughts today about interpreting price change. I think it's really important to think beyond the median sales price in 2026. I hope this helps. Any thoughts? https://t.co/KmyRaAIto8
UWM’s 2025 Loan Volume Jumps 17% on Refinance Surge
The nation's top mortgage lender (UWM) funded $163.4B in home loans during 2025. That was up ~17% from $139.4B in 2024. Interestingly, it was led by refis, which surged to $70.3B from $43.4B, while home purchase lending actually fell slightly YoY.
Amex Anchors 2WTC, Enabling Long‑delayed Spire Construction
Looks like #1WTC's "little" brother w/finally reach the sky, if a little late. #Amex agrees to be anchor tenant for #2WTC, clearing way for #Silverstein to erect long-stalled 55-story spire, almost 25 years after terror. #NYC #CRE #WTC https://t.co/5zFupdpk1N...
Housing Prices Slip Below 2022 Peaks After Inflation Adjustment
Inflation Adjusted House Prices 2.2% Below 2022 Peak Price-to-rent index is 9.5% below 2022 peak https://calculatedrisk.substack.com/p/inflation-adjusted-house-prices-22-75d
Rising Sales, Inventory, and Prices Co‑occurred Historically
The reason I draw these black lines in 1980's, 1990's, and 2000s It was common that we had rising sales, rising inventory, and rising prices together, a lot of people = rising inventory with pricing falling on this site (This...
Rapid Apartment Boom Hits Non‑Rent‑Controlled Metro Areas
What share of your metro area's apartment units were built since 2020? These numbers put into context the sheer size of this development boom. More than 4 of every 10 existing apartments in Huntsville AL were built just since 2020. More...
Weekly Sales Dip Yet Up 12% YoY Amid Snow Melt
Purchase application data update -5% week to week +12% year over year So far this year, even with a higher bar to work with, every week has had positive year-over-year growth The last 2 weeks, our weekly pending sales data have...
Rising Rents and Lower Rates Drive Renters Toward Buying
For renters, a strong nudge to think about buying a home often comes from a big renewal increase. As the rental market crawls out of its recession, and mortgage rates start with a 5 not a 6, expect more renters...
Housing Inventory Down 2.6 M From 2008 Levels
For those asking about the gap in this chart today vs 2008 2008: 4,000,000 existing home sales 2008: 3.8 million active inventory Currently active inventory here is 1,220,000 roughly a 2.6 million gap Normal inventory levels are actually 2-2.5 million
Kali Chaudhuri Bets $470M to Revitalize LA Towers
#KaliChaudhuri looked at #LA's graffiti-scarred towers+saw potential. Poised to pay $470M for #OceanwidePlaza, storied for its #Chinese failure,+its 2 brethren. 'I'll try my very best to turn it around+make it a jewel' #realestate #multifamily #KPC https://t.co/CANYdyTniX
Essential Guide to Private Real Estate Incentives
If you are just learning about the private real estate business, either as a prospective GP or LP, please read this short book. It’s a pretty balanced explanation of the game, including the incentives driving the different players. https://t.co/3pvXJikrV5
Purchase Index Falls Weekly, Still Up 12% YoY
MBA: "The seasonally adjusted Purchase Index decreased 5 percent from one week earlier. The unadjusted Purchase Index decreased 1 percent compared with the previous week and was 12 percent higher than the same week one year ago."
House GOP Meets Treasury on Large‑investor Home Ban
"House Republicans will travel to the Treasury Department on Wednesday morning to meet with Treasury Secretary Scott Bessent and discuss the large investor prohibition. Members will also discuss the Housing for the 21st Century Act" https://t.co/BwCRGysRG8
Vermont's Statewide Pre‑approval Needed; Local Opt‑in Hampers Scaling
This effort in Vermont to establish statewide pre-approved plans is a step in the right direction—key to the scalability needed for affordable infill housing, especially modular/manufactured housing. But making it a local "opt in" kind of undermines that. https://t.co/RxlmZXG3iY
Trump’s Investor Ban Reveals Bipartisan Hypocrisy on Housing
Trump's call to ban large investors from buying houses is rare case of bipartisan unity -- and hypocrisy. For GOP, it's anti free market. For Democrats, it's anti diversity-- blocking families from nicer neighborhoods unless they're wealthy enough to qualify for a...
Home Prices Stay Resilient Across 2.75%-18% Rates
The history of home prices when rates ranged from 2.75% to 18% during this period. https://t.co/I0aE7X40Jt
Chicago's Migration Reverses: In
Migration patterns for the Chicago MSA in the past few years really illustrate what I've called "The Great Stay." Q2 2025 was the first period in many years where inbound migration exceeded outbound migration. Over the last 8 years, total moves...
9 Underappreciated Real Estate Asset Classes to Explore
Interested in real estate but don't know where to start? Here's a list of 9 under appreciated RE asset classes that I love: https://t.co/kyH2JAGQuH
Medical Office Rent Growth Returns to 1.9
🏥 Medical Office Update: Rent growth is settling back to historical norms (1.9% YoY) as the inflation wave passes. Individual metros still vary widely. Despite the normalization, occupancy remains at a healthy 92.5%. High construction costs are keeping supply in check....
Yoda Targets Transamerica Pyramid Amid German Investor Pressure
#Yoda to buy #TransamericaPyramid, #SanFran icon. as seller #Shvo faces mounting tension w/#German investors. #BVK #DeutscheFinance #realestate #CRE #BayArea #mortgage #foreclosure #MandarinOriental #Egypt https://t.co/7oosJbQTvE
Amazon Invests $12B in Shreveport Data Centers, Boosting LA Jobs
#Amazon in $12B love affair w/#LA as it plans series of #datacenters near #Shreveport. 'Puts LA at center of operations relied on acx country+connects our community to jobs' #ecommerce #infrastructure #realestate #CRE #AI #electricity #GovLandry https://t.co/27YgUCMaNa
Blaming Boogeymen Masks Need for Housing Deregulation
There's always another boogeyman waiting around the corner to explain high home prices without admitting we need to deregulate It was Airbnb - banned in NY Then it was rent algorithms - banned in NY Now it's private equity Meanwhile rents just keep...
Prioritize Family Support Over Demonizing Businesses
Hot take: We should care more about helping families (particularly those who can't qualify for a mortgage) than about demonizing businesses, and more cognizant of collateral damage caused by the latter.
SCOTUS Decision Adds
For #CRE investors who crave stability, Fridays' #SCOTUS ruling w/a big 'huh?' W/#Trump moving for alternatives to impose #tariffs. 'This is a very convoluted system. The devil's always in the details.' #realestate #IEEPA #supplychains #warehouse https://t.co/aIdO8aeSdM
Higher Landlord Costs Raise Rents, Hurting Families
Crazy how both parties are racing to be more anti-science than the other one on housing policy. It ain't complicated: If you drive up the cost of managing rental homes, you drive up the costs for renters -- exacerbating challenges for...
ICE Spends $158M Turning Warehouses Into Detention Centers
Genuinely curious to see how ICE converts large warehouses into detention centers. A report stated it would cost $158M to retrofit one in particular, not to mention the cost of buying it in the first place. Why buy a building not intended...
U.S. Home Prices Show Modest Year‑Over‑Year Gains in December
Case-Shiller: National House Price Index Up 1.3% year-over-year in December FHFA House Prices up 1.8% YoY in December https://calculatedrisk.substack.com/p/case-shiller-national-house-price-129
NYC Real Estate Stumped by Roosevelt Hotel
#NYC #realestate scratches its head over future of #RooseveltHotel as owner #Pakistan embraces redev under a #JV, an idea that's only been kicking around for 5 years. #DC baffled. #hotel #GrandCentral #CRE #Trump #GSA https://t.co/quNa74iZS1
Austin Rents Poised to Rebound Despite Current Oversupply
Still feels a bit too early to declare a rent rebound in Austin, but it'll happen eventually. The demand drivers are still stronger than other headlines have suggested, and massive supply remains the big headwind... until it isn't anymore. https://t.co/gMblq6btg0
H
Kinda says everything about what the state’s new approach on housing does and doesn’t do that Huntington Beach has been in litigation over it for the entirety of Gov. Gavin Newsom’s tenure
Drafting
The fact that I need to stop working on moving deals forward for a few minutes and draft four (4) commission agreements ... is a good sign
Mansion Tax Repeal Initiative Secures Ballot Spot
Looks like the statewide initiative that would chop Los Angeles' ULA "mansion tax" is going to qualify for the November ballot per @JeremyBWhite in Playbook PM. Backers are turning in 1.2m signatures and need just 874k valid ones https://t.co/WVH0LOnGQi
Offices Evolve Into Performance‑Boosting Social Ecosystems
The office is no longer a "container" for desks ... it’s a catalyst for performance. As we hit 2026, the workplace has shifted from static square footage to a dynamic ecosystem built on social health & hospitality.
Affinius Deal Values Veris REIT at $3.4 B
Fuggetabout all that tsouris over investors claiming #Veris, fka #MackCali, w/undervaluing itself. #Affinius group in deal that values #REIT at $3.4B. #WallSt #multifamily #residential #VistaHill #realestate #CRE #Kushner https://t.co/W7mr3PhzY4
There’s No Such Thing as a “Clean” Environmental Site
It's only Monday and I've already heard 2 people refer to a "clean" environmental. There is no such thing. It's just a casual way of describing an environmental site assessment that ostensibly has no issues or concerns. But not only is it misleading,...
Build Luxury Units to Boost Affordable Housing Supply
If you want more non-subsidized, naturally occurring affordable housing, build a lot more "luxury" apartments and condos.
Vanbarton Leads Office‑to‑Residential Conversion Surge
The office>resi #conversion frenzy+#Vanbarton's central place in it. Boss #RichardACColes discusses that+other issues. #NYC #realestate #CRE #multifamily #MayorMamdani #467M #NoMad #mortgage https://t.co/ceQM1ZXDsf
Permits Drive 50% Premium, Blocking LA Housing Supply
Developers are willing to pay 50% more for land that already has permits to build in the city of Los Angeles: "Overall, our results suggest permitting is a major barrier to housing supply in Los Angeles"
Veris Residential Joins Wave of Apartment REIT Liquidations
Another one bites the dust ... Veris Residential becomes the latest apartment REIT sold or liquidated (18+ in the last 15 years vs. ~12 still remaining). Veris (6.6k units) is best known for its wildly high renter incomes ($480k or 10-12%...
AI Disrupts Real Estate, Questioning Need for Physical Space
An entire industry's dilemma: Can #CRE convince investors you need humans who need 3D space for stores, warehouses, offices? #AI anxiety bites hard. 'The threat is the 28yo broker who can deliver in 2 hrs w/used to take 2 weeks'...
Charlotte's Blue Line Spurs Transit‑Focused Urban Growth
🚈 Would you want to live in close walking proximity to public transit? Or prefer using a car to get around? Here’s a look into how Charlotte, North Carolina is developing around its Light Rail Blue Line.