Spring Home‑Selling Season Crumbles Amid High Prices, Rate Lock‑In
Housing Market’s Crucial “Spring Selling Season” Is in Tatters. For the 4th year in a row: Normal-ish mortgage rates, too-high prices, and the lock-in effect from the Fed’s reckless interest-rate repression https://t.co/Ytwt5c5zft https://t.co/QyAnA6lTqp
Purchase Applications Slip 3% Weekly, Up 5% Yearly
Purchase application data declined 3% week over week but increased 5% year over year. Slower data, of course, when rates are near yearly highs, but nothing too drastic. https://t.co/u4F2VonvWZ
Expensive NYC Rent Shatters Myth: Buying Isn’t Always Superior
When some LCOL commenter insists that “buying a house is always better than renting, you stupid moron” and I send him a streeteasy link to a Tribeca apt with $6,700/month common charges + taxes that will never pencil out and...
Affordability and Multi‑Gen Living Fuel Real Estate Wealth
NAR’s latest data confirms what we’re seeing locally in Central Arkansas: affordability, multi-generational living, and long-term equity are driving today’s market. Real estate remains one of the strongest wealth-building tools across every generation. Follow @chasecalhoun.realestate for more on build-to-rent and real...
Gen Z Drives Rise in Prime Credit Scores Nationwide
Good news: Gen Z is very credit conscience, and they are driving an upward shift in the share of Americans with prime credit scores. I would assume rent reporting to credit bureaus (relatively new thing) is a marginal contributor to the...
Foreclosures Hit Six-Year High Despite Historic Lows
Foreclosures are at a six-year high, and we are starting to see more distress in the housing market. But we are also at very low levels historically. Both things are true. Locally, we started to see slightly more short sales....
Housing Indicators Dip Slightly as Rates Hit 6.5%
My three high-frequency housing indicators slipped a little this week as rates spiked back up to 6.5%, but mostly remain positive. (Xactus includes refi's so my interpretation is that's why it dipped further) https://t.co/pizD0SHAdG
Beware Low‑down‑payment Home Deals Despite Low Rates
You’re 39, $320k TC. Renting for $4,500/mo. Two kids. Rates dropped to 5.8% and your agent says “marry the house, date the rate.” You’re under contract on a $1.5M home. 5% down = $75k. **Here’s the trap**:
Subway Shuts 700+ Stores, Marks 10th Year Down
JUST IN: Subway closed over 700 locations last year, its 10th straight year of declining store counts
Under‑25 Renters Remain Steady, Guarantor Need Declines
Super interesting: MAA (nation's largest apartment REIT by unit count with 103k units) said it sees no softness among renters under age 25 despite rising unemployment rate among recent college grads. The <25 demographic represents 20% of move-ins -- and...
Good PMs Prioritize Owner Interests Over Their Own Profit
Tension at the heart of property management: From a coldly rational perspective, the smart move for the owner of the PM business is to focus on maximizing revenue per unit managed. However, most of the best strategies for...
Small-Dollar Mortgage Market Has Vanished Since 2008 Crisis
"Since the 2008 financial crisis, the market for small-dollar mortgage loans has collapsed." https://t.co/VNL42Vui9C https://t.co/YZb58oQg2G
Residential Demand Outpaces Supply; Developers Add Luxury Amenities
Call it the #Wrey. #GFP not stopping at #conversion of #222Broadway to resi. Adding pool, film screen, spa. Nationwide 90K+ units in pipeline. 'Demand for resi, specially in this nabe, far outstrips supply' #NYC #LowerManhattan #FiDi #realestate #CRE https://t.co/x7MXBrH6Zd
Brick Deliveries Surge 27% MoM, Fall 3% YoY
UK brick deliveries are a useful proxy for new house building starts in the absence of monthly starts data. As expected, deliveries in March 2026 were 26.7% higher than in February but 3.4% lower than a year earlier according to...
Florida Ends 13‑month Home Price Decline, Now Positive
Florida's 13-month streak of negative year-over-year single-family home prices just came to an end, with the latest Freddie Mac House Price Index posting a slightly positive reading This repeat-sales filters out mix-shift noise. Condos are NOT included. via ResiClub Terminal
Falling Home Prices Spur Sales Amid Southern Inventory Surge
New Single-Family Home Prices Drop Further amid Inventory Glut. But Lower Prices Beget Higher Sales. Inventory in the South still sky-high, up 60% from March 2019. But homebuilders understand what it takes: lower prices and big incentives https://t.co/fiwKwIBlMq https://t.co/6wTyZGUENq
Ask Your Mortgage Questions to Expert Bryan Maddex
Interviewing our favorite mortgage lender & financing expert Bryan Maddex for the podcast tomorrow. What questions do you have for him?
April Home Sale Contract Failures Remain Steady, Demand Stable
Update on contract failure rate in home sales. Holding steady in April, which jibes with other data about demand. https://t.co/FSRIM8MwGt
New Home Sales Spike, Yet Long‑Term Growth Stagnates
New home sales beat estimates today to the upside, but in reality, aside from the COVID bump in sales, it has gone nowhere for years. #housing #realestate #economics #mortgagerates #chartdaddy
New Home Sales Stagnant Amid COVID and War
Take the Covid bump a war, new home sales have gone nowhere for a long time https://t.co/wux0SurDgQ
Sacramento Homeownership Peaks While Sales Stay Historically Low
New research shows the homeownership rate in the Sacramento region is the highest in decades. Could it be owners staying put on not moving? Meanwhile, we have historically low home sales numbers, so there's a disconnect with this glowing stat...
Self‑Storage Boom Amid Soft Market, Seeking Capital
The self storage opportunity is growing. Market is soft. A lot of distress. I need to raise a lot of money. What family offices or groups should I talk to?
Wealth Surge Driven by Older Elite, Not Youth Transfer
WSJ: "Bequeathable wealth rose from 256% of US GDP in 1997 to 424% in 2021, the last year of available data. A staggering 97% of that increase was due to wealth gains in households where the head of household was 55...
Experience Teaches Calm Amid Property Fires
My dad walked into my office and said: "There's a fire at one of our properties." Old me would've spiraled for the entire weekend. New me was calm and collected. Here's what 7 years and 20 units taught me about staying calm when...
Housing Supply Remains Low Despite Modest Listing Increase
Sellers aren’t flooding the market, and supply has overall been a bit stagnant. More listings than two years ago, but this is still historically low. It’s nothing like 2008 either. Any thoughts? What do you think about the quality of...
Investors Fuel Opendoor’s Mission After Award Win
Last night we received the Story Stock of the Year and Breakout Ticker at @Stocktwit’s CashTag awards. But this isn't about us - it's about the Open Army and everyday investors who believe in what Opendoor can and should be,...
New‑home Sales Surge as Prices Hit 2021 Low
New home sales beat expectations, jumping to a 682,000 annualized pace in March. A new home at the right price is finding a buyer. Median new home prices fell to their lowest since 2021—below existing home prices—helping support sales as...
Young Americans Skip Homes, Bet on Apps Instead
"Americans are marrying and buying homes later than prior cohorts. Due in part to the decline in housing affordability, young adults who once would have devoted savings to down payments and mortgage amortization have increasingly routed surplus cash into app-based...
New Home Sales Rise; Median Prices Slip 16%
New Home Sales Increase to 682,000 Annual Rate in March Median New Home Price is Down 16% from the Peak due to Change in Mix https://calculatedrisk.substack.com/p/new-home-sales-increase-to-682000
GTA Home Sales Edge Up While Prices Keep Falling
Home Sales UP (A Bit) Prices DOWN In The GTA As predicted Resale Home sales in the GTA crawled up from 34 years lows to 26 year lows And House Prices just keep grinding DOWN Which is what I expect for the rest...
AI Boom Widens Housing Gap, Luxury Rises, Affordable Falls
The AI boom isn't lifting all boats. Since Nov 2022, SF luxury home prices rose 13.4% while affordable areas declined. This real estate divide mirrors the gap between tech’s big winners and workers fearing AI replacement. 🤖🏘️ https://t.co/KmGxWksBZD
Stabilized Yield Links Cap Rate to Renovation Returns
What's the relationship between cap rate, return on cost, and stabilized yield? This is arguably the most important relationship in real estate and most people don’t understand it at all It’s actually really simple Let’s start with the basics: - The cap rate is...
Malba Prices Surge 61% to $2.5 M Median
Welcome to #Malba, #NYC's 5th priciest nabe. Shot up 61%, w/view of #WhitestoneBridge. Median price at $2.5M. 'Only a v/limited inventory. Hop+a skip to a v/easy commute' #realestate #mortgage #Queens #PropertyShark https://t.co/ZuxcSVj3eN
NVIDIA and PulteGroup Enable Home Mini Data Centers
THIS: #NVIDIA and PulteGroup are helping this startup put mini data centers on homes https://t.co/yzOgPOQdrC @nvidia @PulteHomes @span_io #AI
Weitz and Rutter Poised to Dominate Miami Real Estate
Are #DavdWeitz+#ErikRutter the biggest thing to hit #Miami since #DonJohnson? Their #OakRowEquities h/2 projects down w/4 to go. 'Give these guys 2 or 3 more cycles+they w/have 20-30 bldgs.'#realestate #CRE #SoFla #condo #Tishman #Oasis #WynwoodPlaza #NYC https://t.co/BpiHhSfOby
Overzealous Lawyers Turn Simple Leases Into Costly Battles
The single most annoying thing that happens in real estate: You send the other side a lease form you’ve been using for years. It has been well received countless times by both national and local tenants, and legal comments are usually limited. And...
HDR Engineering Lifts 7 Penn Plaza to 90% Occupancy
Doings in #PennDistrict: Employee-owned #HDR Engineering takes 3 floors, 73KSF, at #Feil's #7PennPlaza. bringing bldg near #PennStation to 90%. #realestate #CRE #NYC #JLL #architecture https://t.co/AajGJQmGvk
Jobs Week Persists Amid Yesterday’s Housing Drama
We have a lot to talk about after the drama of yesterday and it's still jobs week. @housingwire @sarahteresa6 #mortgagerates #realestate #housing #chartdaddy
RBN Raises £730k, Cuts Debt; Low Cap, Illiquid
#RBN selling a property and getting £730,000 to help lower debt. ShareScope has fwd p/e 10.2 falling to 8.2 and fwd Divvy 4.8% each of next 2 years. It's low Mkt Cap at £21m and illiquid. I don't hold.
Northeast Sellers Still Ahead, yet Losing Edge
Relatively speaking, home sellers in Northeast housing markets have more power than their peers in the Sun Belt That said, they've lost a little leverage over the past year LEFT: YoY home price shift from spring '24 to spring '25 RIGHT: YoY shift...
Office Building Relocated, Turning Structure Into Recycled Asset
#WhatsNext? Recycle an entire office building by moving it to a new location. (GiGadgets) #Construction #Innovation https://t.co/xjrjML6WwZ
We’re Approaching a 2008‑style Housing Crisis
Gives you an idea of how far we are from the 2008 housing / financial crisis
Rates Near Yearly Highs, Slowing Activity but Manageable
Rates are near yearly highs, still lower than last year, but these levels have already slowed things down this year. Nothing too bad, but there is definitely some impact.
Housing Distress Peaked at 11.5% in 2009, Now Low
ResiClub's housing distress calculation includes mortgages that are 30 to 89 days past due, 90 to 180 days past due, in foreclosure, or in forbearance: Q4 2007 --> 6.3% Q4 2009 --> 11.5% Q4 2021 --> 1.7% Q4 2025 --> 2.9% Chart via @ResidentialClub
President Opposes Bill Forcing Mega‑Landlords To Sell Rental Homes
Politico: “The president doesn’t support language in the bill that would require mega-landlords to sell single-family homes built as long-term rentals after seven years, the people said.” https://t.co/FBGYezAdJV
Pending Home Sales Surge Amid Spring Market Concerns
Just when the spring housing market looked like another bust, our pending sales counts have surged for two weeks running. Here's this week's video, with slides below 🧵 https://t.co/S12nqTLgL5
West Houston Leads Leasing as Quality Space Dominates
West Houston led the Houston office market in Q1, capturing 35%+ of total Houston leasing activity. Boardwalk Pipeline signed the quarter's largest lease at 143,253 SF. City Centre Six delivered 91% leased, anchored by Dow Chemical. Flight to quality is still the dominant...
Real Estate Tycoons Turn to Affordable Housing, Tax Credits Double‑Edged
How #realestate tycoon are becoming do-good-niks. How oddball financing of #affordablehousing lures private investors. #LowIncomeTaxCredits may be a 2-edged sword. #InvestChattanooga #realestate #CRE #multifamily #tax https://t.co/gJmYuXdavA
Bank Lending Standards Hold, Residential Loan Demand Slips
SLOOS: "For loans to households, banks reported basically unchanged lending standards and unchanged or weaker demand for most categories of residential real estate (RRE) loans on balance." https://www.federalreserve.gov/data/sloos/sloos-202604.htm
Alternative Funds Boost Affordable Housing, Not Rewrite LIHTC
Good read on alternative funds for affordable housing, though grossly mischaracterizes LIHTC affordable housing with petty digs. Still, always a win to see new creative solutions. They're not "rewriting" anything as headline suggests, but simply adding much needed supply. https://t.co/tDa49cBiAr