Buying a Home Pre‑Fed’s $8T Print Feels Genius
Me: buys a house in 2020 Fed: prints $8 trillion more dollars Also me: “I’m a real estate genius” https://t.co/m7fWDy2Usq
Seeing Kids Everywhere Encourages Young Adults to Parent
I believe, strongly, that the most *effective* way get more young people to have kids isn’t by preaching at them or citing dire statistics … it’s for them to just see kids around: Sitting in high chairs at brunch. Playing...
UK Builders Face Record Cost Inflation Surge, PMI Reveals
UK builders hit by record pickup in cost inflation, PMI shows https://t.co/5w9Flp17Vj via @tomelleryrees https://t.co/GPfHx0qsol
Purchase Index Climbs 1% Weekly, Still 7% Below Year‑ago
"The seasonally adjusted Purchase Index increased 1 percent from one week earlier. The unadjusted Purchase Index increased 1 percent compared with the previous week and was 7 percent lower than the same week one year ago."
Medical Outpatient Property Fundamentals Reach All‑Time High
Texas Medical Office Snapshot | Q1 - 2026 The fundamentals have never been better in medical outpatient properties. https://t.co/Kvf1F1VxFj
UK Brick Deliveries Fall 20% YoY, Signaling Slower Housing Starts
UK brick deliveries are a useful proxy for new house building starts in the absence of monthly starts data. Deliveries in February were 0.9% lower than in January & 20.8% lower than a year earlier according to the Department for...
Earthquake‑ and Hurricane‑Proof Micro Home with AI & Solar
#WhatsNext? This micro home is earthquake and hurricane proof. Comes with an #AI assistant and solar panel if you wish. (GigGadgets) #Innovation https://t.co/1a2sJDwbku
Anthropic's Rapid Expansion Rivals Google, Meta Footprints
Anthropic from startup to dominant tenant ... fast ▫️Grew from <18K SF in 2023 to 900K+ SF today ▫️Now rivals legacy tech footprints once held by tenants like Google and Meta ▫️Closing in on OpenAI’s 1M+ SF presence https://t.co/DiRErE4ewp
Affordable Chicago Housing Sits Elsewhere; Build and Secure Desired Neighborhoods
There is lots of available affordable housing in Chicago but it's in neighborhoods where people don't want to live. Building more and higher housing in neighborhoods where people do want to live is one answer but making the south and...
Better Spreads May Push Returns
10’s back in the bowl and spreads getting a tad better can get you sub 6% on 15 easy, it might even happen tomorrow, mid 5% near closer to 4%! https://t.co/Kt4rjgTehd
Migration Slowdown Turns Pandemic Housing Boom Into Demand Shock
Many housing markets that saw the biggest deceleration in net domestic migration after the Pandemic Housing Boom still have positive domestic inflows—but the slowdown has still delivered a negative housing demand shock https://t.co/u4W9wWipUU
Coastal Housing Markets Shed Residents Annually, Absorbing Loss
High-cost coastal housing markets like NYC and Seattle lose Americans each year. Here’s how their housing markets absorb it My latest for ResiClub: https://t.co/5YEJtZKG4d
Simple Joint Ventures Let Doctors Own Their Office Spaces
A lot of people watch Billions or Suits and get conned into thinking they need to come up with some incredibly clever business strategy to succeed Couldn't be farther from the truth My mentor started off investing in office buildings Purely by...
Warren's Bill Makes 10% of New Homes Triple‑Deckers
Elizabeth Warren loves Boston Triple Deckers more than you love anything Her Road to Housing bill would turn up to 10% of the all new housing units in the US, nearly 130,000 units PER YEAR, into majestic 3-story flats
Mortgage Rates Dip, Spread to Treasuries Narrows to 212 Bps
The average 30-year fixed mortgage rate today: 6.44% Same day last year: 6.82% ------------------- 10-year Treasury yield today: 4.33% Spread today: 212 bps
Landlords Accept Massive Office Tower Losses After COVID
Th Four Stages of Offices Grief, finally reaching Acceptance. WSJ: “Landlords and their lenders held on to their office towers for years, hoping for a turnaround after Covid. Now, they are accepting enormous losses.“ https://t.co/5MKOtfeAFm
Silicon Valley's Next Trend: $300 Cofounder Crash Pads
The next big idea in #SiliconValley may be $300 no-frills crash pads like the 1 #Zuckerberg holed up in w/perfecting #Facebook. They call them #cofounderrooms. #SanFran #realestate #BayArea #multifamily #tech #mortgage #dorms https://t.co/fyROnuYp9V
Data Center Boom Hits Wall of Community Backlash
Alarms are sounding that #datacenter dvprs need to be more prepared for backlash from pols+people. W/$1.7T (w/a T) in the pipeline. 25 projects w/called off after communities protested. #NIMBY #realestate #CRE #industrial #logistics #AOC #Bernie #VA #CA https://t.co/R2wyGSAIBu
NY Makes Homeownership Exotic While Others Promote Buying
Why is #homeownership an 'exotic topic' in #NY? In other states electeds encourage buying. #realestate #CRE #NYC #multifamily #mortgage #MayorMamdani #MayorAdams https://t.co/gVlqkREaGm
Congress Targets Investor Buying Spree in SF Homes
Moves afoot in #Congress to tie hands of investors trying to buy into the SFHomes market. 'People live in homes, not corps.' #realestate #CRE #interestrates #mortgage #Trump #House #USsenate #SenWarren #SenScott https://t.co/8vITkoRGl1
SF Detached Homes Selling 20% Above Asking Prices
Stats in San Francisco are wild. Properties on average last month sold almost 20% over the asking price. These are detached homes (not condos). Are there any other markets in the country where the norm is to price lower on...
7‑Year Sell Rule Threatens Build‑to‑
I suspect whoever wrote Section 901 of the ROAD to Housing Act heard that many investors have 7-year holds, and so they added a requirement that investors must sell build-to-rent homes after 7 years. But it's so much more complex than...
Pandemic‑bought Rental Now Faces $25k Loss
Seller taking a $25,000 loss on this house. They bought at pandemic peak and tried to rent it out. But the rental market turned south, rents getting cut, property taxes up. And now the owner has been trying to sell...
Bad Actors Target NYC Rent-Stabilized Units Amid Mayor's Crackdown
Engquist: Are bad guys picking up #rentstabilized units in #NYC for a 'last milking?' Is #MayorMamdani playing into their hands, even as he cracks down on neglectful landlords? #realestate #CRE #NYC #multifamily #mortgage #JamieLeFrak https://t.co/2SmnlaGPby
Flat Yields Signal Recession Concerns over Inflation
Should we be concerned that bond yields and mortgage rates are flat/down in the midst of current events? Especially on the back of a hot jobs report... You can call it "wait or see" or maybe things are a lot worse...
Homebuyer Financing Varies Widely Across Local Counties
Who is buying a home right now? Here’s a look at reported buyer financing in MLS sales in 12 local counties. This is also a good reminder that the market isn’t the same in every location. https://t.co/GRkvX7kcrU
March Rents Rise Modestly as Supply Overhang Dampens Growth
Apartment rents increased in March (the start of the leasing season), but more muted than normal. Demand remained solid despite the economic headwinds, but still playing catch up to the supply overhang from 2023-25 (biggest supply wave since 1970s). As CoStar's Grant...
Housing Market Resilient Amid Rising Mortgage Spreads
Today's podcast discusses #mortgage spreads and how the #housing market is holding up with wartime #economics @housingwire @sarahteresa6 #housing #chartdaddy
YIMBYs Overlook Investor Struggles, Developers Become Landlords
Sincerely do appreciate YIMBYs, but: Their seeming blindness to the impact on development of the hostile operating environment experienced by the investors who own and operate rental buildings in CA is really starting to grate on me. **Every developer is either a...
Housing Prices and Rent Ratios Slip Below 2022 Peaks
Inflation Adjusted House Prices 2.3% Below 2022 Peak Price-to-rent index is 9.7% below 2022 peak https://calculatedrisk.substack.com/p/inflation-adjusted-house-prices-23-7a7
Flatiron Building's First Luxury Condo Listed at $58.5M
It's a new day at the #FlatironBuilding, as handsome 20th century #landmark begins its new life as lux #condos. 1st unit goes, entire 21st floor, w/had a $58.5M ask. #OlshanReport #NYC #FlatironDistrict #realestate #CRE #23skiddoo #mortgage https://t.co/oqZffAFrR3
U.S. Housing Stock Ages, Maintenance Needs Surge
America’s homes are increasingly old and in need of maintenance. Chartbook Top Links of the day just dropped: https://t.co/MDu3qSirg2
One Clear Path, Consistent Steps Lead to Freedom
Which one are you starting with? 👇 Most people aren’t as far away as they think… You don’t need 100 doors.�You don’t need to “get rich quick.” You just need a clear path—and consistency. 30 rentals.�10 coliving spaces.�5 Airbnbs.�2 mobile home parks.�1 assisted living...
Zoning, Permits, and Costs Stall California’s Housing Boom
Very important question: If YIMBY/Abundance is winning in California, why isn't the state building more homes? Brian Hanlon (@hanlonbt): "The main reasons we don’t have housing come down to three basic things." - First, zoning. It’s illegal to build dense housing...
Ethnic Grocers Fill Gaps Left by Legacy Chains
Shoppers closes in Capitol Heights. New Grand Mart leases the 34,000 SF within months. Legacy grocers are shrinking. Ethnic and international grocers are expanding into exactly the spaces they leave behind. Is your retail asset positioned for who’s actually growing...
Future Homes Standard Will Fall 400k Short of Target
A useful bit of recent information from housing expert Neal Hudson in his FT piece on issues facing housing: "even the government’s own modelling for the Future Homes Standard shows it will miss its 1.5 million housebuilding target by 400,000". #ukhousing...
China’s Courts Curb Forced Sales, Hiding True Mortgage Defaults
Bloomberg: "The moves [by local courts to limit the volume of forced property sales by slowing the number of cases involving defaulted mortgages] underscore how China’s local institutions are working to limit the damage of a yearslong property crisis that...
50-Year Mortgages: A Distant Memory Today
Throwback to when we were talking about 50 year mortgages. That seems like so long ago.
Homebuyer Interest Surges 32% as Demand Beats Inventory
Maybe home buyers haven't thrown in the towel just yet... The average daily page views per for-sale listing on Zillow was 32% higher this March versus last March. "This demand signal outpacing inventory growth is showing the first signs of improvement...
ChatGPT Becomes My Unexpected Referral Source
The world is changing. A gentleman emailed me on Friday. An office tenant in downtown Houston and says I was recommended as a top notch tenant rep in Houston and his lease was coming up and they needed to expand. I...
Long‑term Investor Backs Passivhaus Battersea, Canary Wharf
“Our investor is very, very long term focused ...They think in investment periods of decades & longer… delivering Battersea and now Canary Wharf to a Passivhaus standard felt like really fantastic derisking” #passivhaus #passivehouse https://t.co/vMtKVI0Q7z https://t.co/uAJZY0rglF
Greenbelts Push Residents to Cheaper, Infrastructure‑rich Metros
No. You’d get even more people moving Dallas, Orlando or Austin … or any of the other metros that spend on infrastructure (roads & schools) which enable inexpensive single family homes In America, if you enact greenbelting … people don’t go...
Woodside Sierra Condo Sales Snapshot: 1‑3 Bedroom Trends
A look at 1, 2, and 3-bedroom condo sales in the Woodside Sierra complex in Sacramento. Something on my desk today. https://t.co/1MMdHOTanb
Florida Falls, Alabama Rises as Migration Slows Nationwide
States with the highest inbound migration in 2025. Note how Florida has fallen to the 8th on the list nominally, and only 22nd in % terms. Alabama is now higher. Even the states at the top (Texas, North Carolina) are seeing heavily...
Homebuyer Demand Slips Below Last Year's Pace
Home buyer demand just dipped below last year's pace for the first time since the January storms. ➡️85,000 new pending sales this week, down 2.6% from 2025 ➡️Price reductions at 34.5% of active listings, climbing ➡️Inventory only 4% above last year (was 36%...
Married 30‑Year‑Olds Homeownership Halved Since 1960
Married and own a home by 30 year old in the US: 2025: 12% 2010: 25% 2000: 35% 1990: 43% 1980: 45% 1970: 48% 1960: 52% I’m sure everything is fine.
Incremental Compliance Costs Erode Commercial Real Estate Value
An unusually visceral example of value destruction through incremental compliance costs. (I have no reason to doubt this representation, from someone involved in LA commercial real estate, that this is factually a consideration in underwriting commercial tenants in the same.)
AI Thrives in SF, Austin Finally Showing Promise
We can definitely see AI in San Francisco market, not so much in Austin or Seattle. But there are some signals that Austin may finally be turning the corner, so maybe Conor is on to something.
Emma Watson’s Boyfriend Pays Record $370/Sf for 9 West Top Floor
#Hermione's 57thSt connect: #EmmaWatson's boyfriend revealed as mystery tenant who paid a record $370/sf for a top floor at #9West. #Mexican #GonzaloBailleres took down 5,063 ft on Floor 50 for 10 years. #HBeyond #realestate #CRE #NYC #mortgage #Soloviev https://t.co/1MBA9MRTnR
St. Louis Fed Spread Hit 3.11% on June 1 2023
Always remember that the spreads are quoted differently depending on who you're quoting mortgage rates with. The St. Louis Fed spread's recent high was June 1, 2023, at 3.11% https://t.co/sraBmi3n5u