Blackstone Launches $2B Data‑center REIT IPO
Welcome to the next iteration of #realestate titan #Blackstone, as a standalone #datacenter #REIT #IPO, sez Bloomberg behind paywall. Targeting $2B, approaching #SWFs, institutional capital #SEC #WallSt #PE #CRE https://t.co/DlILJ51mei
California's Homeownership Decline Calls for Massive Housing Build
California has the second lowest homeownership rate in the US after New York, and we've lost ground over the past 20 years. This is not healthy. We need to build a lot more housing and create the next generation of...
House Hacking Isn’t Shameful; Pride Traps You.
PSA: House hacking is not embarrassing. Being trapped in a life you hate because you were too proud to start creatively is.
Housing Bust May Fuel Fed’s Push for Productivity Boom
One interesting cross-current in the mkt is watching the top of the housing market and the commensurate generational drag it could have on inflation. This bust could be the political capital the Fed needs to easy into a productivity boom. Notice...
Manhattan Rents Hit Record $5k, Supply Crisis Persists
New monthly report: Median rents in Manhattan remain at record high $5k/month. +6% over past year. Avg. for 2-bed hit all-time high $8,166. Lack of supply is driving these sky-high rents: "In March, Manhattan’s rental market remained incredibly inventory constrained. With just...
Housing Market Shifts to Demand Destruction, Setting up Snapback
The housing market has flipped from scarcity → demand destruction. Prices likely soften, but the bigger story is collapsed activity. This is a rate-driven cyclical slowdown, not a balance-sheet crisis. It sets up a future snapback trade once affordability improves.
30‑
The average 30-year fixed mortgage rate today: 6.41% Same day last year: 7.07% --------------------- 10-year Treasury yield today: 4.31% Spread today: 210 bps
True Housing Shortage only 1 Million, Not 10 Million
Our housing shortage estimate is 1 million, and it’s shrinking. This 10 million figure far exceeds all other estimates I’ve ever come across over the years.
White House Report Calls for Faster, Less-Regulated Housing Build
The White House CEA just released their 2026 Economic Report, and there's an excellent section on housing. Cliff's Notes version: Make it a lot easier and quicker to build a lot more housing of all types. Very YIMBY message, and details...
UK Leasehold Traps Undermine Downsizing Into Flats
@HarryScoffin working away to expose the issues ailing UK flats; here on downsizing. Selling your family home to move into a nice flat sounds nice, in theory, and in most countries it makes sense, but not in the UK, due...
AI Automates $50k Pool Sales via Satellite Scans
this guy litterally uses @OpenClaw to sell $50k+ pools on autopilot 🤯 → Scans satellite for $500k+ homes → Filters by lot size & sun exposure → Renders a 3D pool in their yard → Calculates home value lift → Auto-mails a before/after postcard https://t.co/HTw09lXt2d
LA Wildfire Rebuilding Trails Other California Disaster Recoveries
The record recovery that isn't. Rebuilding after last year's wildfires in Los Angeles lags behind other recent natural disasters in California https://t.co/N6OxdteMDr https://t.co/10oE7ljWcb
US March Home Sales Drop 3.6%, Exceed Forecast
The @wsj on the US housing market: "Home sales declined 3.6% in March, getting the crucial spring selling season off to a poor start as the high cost of housing and economic uncertainty held buyers back.... The 3.6% month over month decline...
Current Housing Competition Mirrors Pre‑2020 Norms, Not Crises
Many people compare the housing market to extreme years like 2007 and 2021, but the stats are nothing like those years. Competition today is actually very close to the pre-2020 norm (avg of 2016 to 2019). https://t.co/gqwbjF2mGi
Resale Turnover Stays Tight Amid Slowing Sales
U.S. existing home sales by month Resale turnover remains constrained This is the raw adjusted data Table via @ResidentialClub https://t.co/5kA7jnxkLh
Student Housing Shifts Pressure From Artist Neighborhoods
So on one hand, aesthetically I dislike this look and the whole sclerotic bureaucratic regime that necessitates this. On the other hand when you throw up a bunch of these in dead industrial and commercial neighborhoods near the university...
March Home Sales Miss Warns of April Slowdown
Today’s March miss on existing home sales is concerning, as most those closings were negotiated and mortgage rate locked well before housing demand cooled post-Iran mortgage rate spike. Not a great sign for what’s to come in April, which we...
Peak Inventory at 1.5M,
While inventory won't get back to normal 2-2.5 million, having peak inventory above 1.52 million and 4 months plus of supply during the seasonal peak supply months is a much healthier backdrop than in the past
Homes Now Sell in 30‑45 Days, Market Healthier than Covid Era
30-45 days on the market is normal, this is a much healthier marketplace than the Covid years
NAR Pending Data Increasingly Diverges From Existing Sales
Back-to-back months, there is a gap between the NAR's pending and their existing home sales data, which has been more common lately, this is why I am suspect of their pending data
Lower Rates Could Reverse Expected Home Price Decline
My forecast of negative -0.62% national home price growth is at risk if rates go lower
March Existing‑home Sales Fall 3.6% Overall
NAR Existing-Home Sales Report Shows 3.6% Decrease in March a seasonally adjusted annual rate of 3.98 million. 1.0% decrease in sales year-over-year.
Cambridge Student Housing Construction Begins to Meet Passivhaus Standards
Owlstone Croft: "Morgan Sindall Construction has started construction of student housing at the University of Cambridge, which will be built to Passivhaus standards." #passivhaus #passivehouse https://t.co/qUiokSlgju https://t.co/6SFSNr2WoW
Housing Remains Wealth Engine Despite High Prices, Low Rates
Re #realestate, both #boomers+#millenials have a point. Yes prices are up there, but at least nobody's dealing w/18%. '#Housing is the wealth engine. Many showed up after the train had left the station' #interestrates. #TheFed #mortgage https://t.co/GdH1lcvhQc via @WSJ https://t.co/gHNQsliXgI
Landslides Profit Politicians, Devastate Homeowners
#Landslides: good for pols, bad for homeowners. Dealing w/no power, windows that won't shut, split floors. Also #WSJ newsletter tackles #Cranston, #Herjavic, #Ozzy. #realestate #CRE #mortgage #CA #IMPei #FEMA #RanchoPalosVerdes https://t.co/Ms51DXCjfr via @WSJ
Apartment Development Remains Fragmented; No 8k+ Builder Since 2019
For the first time since 2019, no single apartment developer started 8k+ units last year, according to the newly released NMHC Top 25 developers list. Greystar still ranked No. 1 with 7.2k units, amounting to 1.9% of all U.S. apartment starts...
Affordable London Housing Embraces Arts & Crafts Aesthetics
"Textured brickwork, arch motifs and large mansard roofs nod to the Arts and Crafts style surroundings of Farmstead Road, an affordable housing development in London by local studio Metropolitan Workshop." #passivhaus #passivehouse https://t.co/XgA8QmCTpA https://t.co/twVWdeQXFH
Anti‑central‑bank Activists Have Long Warned Housing Bubble
2012 and on the Anti central bank movement have been bat $:/- crazy about a housing bubble for a long time https://t.co/MIvPSfkR3e
Apartments Built Cheap, Owned Short-Term, Profit-Driven
Because most apartment buildings are financed with short term money Those facade materials are cheap … and the people who BUILD apartments do not OWN buildings long term Buildings are designed as financial products: to maximize rents at stabilization
Japan‑1990s and China Today Share Real‑estate Crisis Dynamics
New @nberpubs: "A Tale of Two Countries – The Real Estate Crises in 1990s Japan and Contemporary China" https://t.co/au6sFcLXSp "striking parallels in investment dynamics and consumption responses despite profound institutional differences." https://t.co/yz5TYRePB8
Housing Scarcity Drove Rate Hikes in Early 2021
Dallas and the country, from 2020 to early 2022, didn't have enough housing listings, too many people chasing too few homes. Hence, the entire team higher rates concept in February of 2021 https://t.co/KU1fXBbATF
4-3-2-1 Strategy: Upgrade From Fourplex to House
Even better do the 4-3-2-1 strategy Four plex to Tri plex to duplex to house
Supply Surges when Confidence Peaks, Not Real Demand
Supply enters when the market feels safest. That’s exactly when risk is highest. Most people think: Builders launch when demand is strong Reality? Builders launch when confidence is highest Not when demand is real. Let’s break this down 👇 Phase 1–3: Real demand leads the market At...
Current Crisis Surpasses 2008, Don’t Trust the Doomers
Worse, I mean worse, than 2008, how can't you all see this? It's not housing 2008; it's worse... Oh wait Mike and I have tried to teach you all how it works, you got suckered by a bunch of doomers,...
Construction Costs Surge After Energy Shock, Builders Confirm
Good read from @_willparker_ on construction cost increases happening post-energy shock. Homebuilders we surveyed in early April noted similar sentiment (several quotes below). https://t.co/QBhJxv5lrC https://t.co/9ICS9qHWaR
Power, Permits, Scale: Only Utah and Alberta Qualify
I’ve looked at over 20 potential sites for large-scale data centers and only two actually work. It all comes down to power, permits, and scale. That’s why we’re building in Utah and Alberta, where the infrastructure can support what the future demands. This...
1970s Home Prices Outpaced 2020s Despite Higher Rates
Home prices rose faster from 1977 to 1979, with rates going from 8% to 13% than 2020 to 2022, when rates were sub 4% https://t.co/WlkyoI0JTr
Since 2022, New Listings Aren't Cash‑buyer Sellers
To make it as simple as possible, all the new listings data we have had since 2022, weren't sellers that bought homes with cash people, for F sake, this isn't complicated folks
Housing Market Split: Hartford 11 Days, Austin 82
The current housing market bifurcation, as told by median days to pending The typical home listed for sale in the Hartford, CT metro area goes pending in 11 days, compared to 82 days in the Austin, TX metro area Our latest ResiClub...
70‑80% of New Sellers Are Mortgage‑Financed Buyers
New listings data ranged between 30K-80K per week seasonally, 70%-80% of these sellers are buyers, they don't sell and buy with cash. Most buy with mortgages. If you can't get this simple concept, I am no use to you both,...
Older Buyers Driving Mortgage Rate Lockdown, Data Shows
Again, if you analyze the buyer profile data, there’s no logical way we experienced a mortgage rate lockdown. The largest group of buyers tends to be older; the coupon data consistently showed this as they sold their homes with lower...
Data Shows Mortgage Rate Lock‑Down Theory Overstated
If the mortgage rate lock-down theory were a real thing, then existing home sales would be near 2 million because the 4 generational sellers that were buyers since late 2022 would not have sold and bought homes. As the data...
National Inventory Nears Negative YoY, but Not 2008 Levels
The national inventory is on the verge of going negative year over year. States like Florida that have seen a clear year-over-year decline were working from more elevated levels. Context is key, it's not worse than 2008, doom porn is...
Property Taxes Fuel New Red‑Blue State Migration Wave
Red States vs Blue States, the next wave of trying to get migration is going after property taxes
Value‑Add Real Estate Profits Without Rent Growth
This seems to be one of the biggest misconceptions “Real estate investors need rent growth” No they don’t On a value-add deal, you make money even if rents decrease. You’re underwriting to *current* market rent $2.5MM profit if rents stay flat, $1.2MM profit if...
Staged Homes Fetch 10% More, Sell a Week Sooner
Fascinating: "staged homes sell for roughly 10% more and one week faster than comparable homes without furniture." https://t.co/5W7trDDx9w https://t.co/q0ff3oe93x
Existing Home Sales Data Arriving Tomorrow, Shows Inventory Trends
Existing home sales will be released tomorrow, providing a historical view of active inventory. https://t.co/Numo1lkNMr
Americans Trade Long Commutes for Larger New Homes
And this is why DR Horton is able to build and sell 100,000 homes per year Americans want a large new house … and they are willing to trade long commutes for them.
Chinese City Land Sales Plunge 46% Year‑on‑year
Yicai: "300 cities auctioned 64.72 million square meters of land in the three months ended March 31, a 24 percent drop from a year ago. By value, sales plunged 46 percent to CNY215.4 billion. By floor area, they shrank 26...
Four Adults, Two Kids: 3‑4BR Homes Shrink Instantly
try having 2 kids and 2 parents working from home – a typical 3-4br home becomes too small REAL fast.