Barbara Corcoran the housing bull 🏡🐂👇

Do you believe the peak inflation/CPI reading is behind us?

Do you believe the 30-year fixed mortgage rate has already peaked? (The peak reading, so far, was 7.37% last fall)

Do you believe U.S. home prices have bottomed? (For this one, I'm asking about *national* home prices)

Do you believe U.S. housing activity has already bottomed? (I'm asking about existing home sales—not home prices)

Great news for PropTech if true.

They moved from the Bay Area to Charlotte. They'd like to return but.... "California is home for us, and eventually we’ll go back... I don’t know if stuck is the right word, but a 2.62% interest rate is hard to give up right now" via @AlenaBotros

Inflation Cools • Fed Ahead • China Rate Cut CPI-ex-Shelter Index - arguably the most relevant inflation metric given the distortion from the lagged recognition of soaring rent growth in 2022 - showed an eleventh straight month of cooling in the year-over-year rate to just…

Is @theTIKR down or is it just me?

something else to keep in mind 👇

$ILPT @thepupil11 Any actual news out there? NAREIT presentation sounded like a non-event...

Read point 1 and point 2 together

American Homes 4 Rent was also a net seller in Q1 23

It isn’t just Starwood: Invitation Homes was a net seller in Q1 23.

3. The math isn’t that great right now for institutional homebuyers & they’re pulling back. The firms I’ve talked to blame spiked borrowing costs/frothy home prices/decelerated rent growth.

2. Fed tightening has coincided with a big uptick in redemption requests for firms like Starwood.

1. Residential real estate—in particular single-family homes—has faired better than commercial properties such as offices.

3 things.

Starwood to sell off 2,000 single-family rentals. via @pat_clark

Starwood to sell off 2,000 single-family rentals. via @pat_clark

The average 30-year fixed mortgage rate ticks up to 6.98%. Spread: 315 bps

Closing the loop on $PKST - again. Probably index inclusion a driver but price has risen significantly and sold my remaining position (~3%) as now ~10% above my NAV estimate. Management should get that secondary offering lines up stat!

Opendoor is up 136% over the past 3 months. $OPEN

#NEW AEI Housing Center revises its housing outlook upward. AEI's "base case" calls for U.S. home prices to rise +4% in 2023, and then another +6% in 2024.

All 3 publicly-traded SF REITs just reported 7%+ rent increases for all to see. Think inflation is getting under control? Single-family rents are the largest component of CPI, which uses very old methodology with very lagging data. Source: @JBREC SF REIT Summary p.7 of 89 #jbrec

As we enter into the seasonally slower second half of the year, Capital Economics predicts the home price correction will resume. Blame pressurized affordability.

Back in early January, Capital Economics said we had reached the “housing demand trough,” however, they said the national home price trough would take longer to reach.

Capital Economics predicts the pause in home price declines is about to ‘prove temporary’

yeah, 2009-2012 sucked

Around half of millennials have only spent 3 months of their adulthood in recession

Feb. 2020 to April 2020

Since June 2009, the U.S. economy has only been in recession for a total of 3 months

By “briefly rise” I mean briefly rise *fast*

You can see what's up below. The 2023 line will soon be under that 2022 line.

You can what's up below. The 2023 line will soon be under that 2022 line.

Back in February, 190 of the nation's 200 largest markets were up year-over-year for inventory. By May, that was down to 134 markets. That figure will free fall this summer (despite seasonality pushing inventory higher)

Last year's mortgage rate shock saw national inventory levels (i.e. active listings) briefly rise as demand pulled back & homes sat on the market longer. "Briefly" is the key word. Soon, national inventory will once again be negative on a year-over-year basis.

We got a second reading (6.94%)

Opus wraps first construction of Spectro Alloy campus in Rosemount

Brookfield’s MLG Capital makes key leadership changes

Provident Industrial to start construction on industrial project in Arlington

Ogden & Company closes sale of 21,360-square-foot industrial flex building in Franklin

JLL Capital Markets closes sale of 752-unit multifamily community in El Paso

CapitaLand’s Malaysia REIT sees record numbers for FY2024 with 21.4% income growth

Mapletree Logistics Trust posts lower 3Q FY24/25 distribution amid higher costs

Despite the negative numbers, JLL finds some positives in Chicago’s CBD office sector

Peak Properties takes on management duties at River North Apartments in Chicago

Robinson Weeks Partners acquires two industrial parks in Memphis MSA

The Evolution of Florida’s Building Codes & Their Impact on Multifamily Housing

Riverside Investment & Development close 50,000-square-foot office as Prudential Plaza in Chicago

Where To Find Parcel Boundary Data

Digital Realty Rides Secular Waves of Growth in its First 20 Years

The Clear Blue Company, Urban Campus and Core break ground on 254-unit senior’s housing complex in Tennessee

Colliers adds SVP in Austin office

Marcus & Millichap closes sale of Tire Discounters property in Cincinnati

Hernandez Development, XSITE Real Estate close on site for future Deer Park self-storage facility

Kraus-Anderson wraps $58 million police, public works facility in Rosemount

Sabana REIT achieves record gross revenue even as funding costs increase

Big deal: SL Industrial Partners acquires 17-building industrial portfolio in Chicago market

Is demand for single-family rentals finally starting to slow? A new survey suggests this might be happening

CBRE brokers sale of 222-unit multifamily property in Noblesville

Northmarq closes $45 million loan for bottling facility in Shelby County

Investors Realty closes $13.6 million sale of shopping center in Bellevue

JLL Capital Markets negotiate sale of 77,319-square-foot shopping center in Dallas market

Colliers adds veteran broker to Minneapolis office

SparrowHawk names VP of asset management and transactions for St. Louis, Kansas City markets

Colliers closes 10,843-square-foot office lease in Detroit market

Avison Young closes sale of three hotels near Mayo Clinic

Colliers brokers sale of ElseWarehouse in Minneapolis

JLL report: Twin Cities’ office sector struggles continue as a new year begins

Nippon Accommodations Fund announces 5-for-1 unit split to boost accessibility

Frasers Centrepoint Trust assuages concerns over Malaysian rail link

United Hampshire US REIT divests Albany supermarket for USD23.8 million

Sabana Industrial REIT faces yet another request for EGM

High-End Resort on Long Island Struggles as $217.5Mln Mortgage Matures

Oaktree Leases 79,000 SF at Manhattan’s 1290 Ave. of the Americas

15,500-SF Industrial Property in Queens, N.Y., Sells for $60Mln

Sealy Buys 2 Industrial Properties in Memphis’ Mississippi Suburbs

ShainRealty Pays $39.5Mln for 226-Unit Apartment Property in Dallas

San Francisco Posts Positive Office Absorption for First Time in 5 Years

Foreclosure Filings for All 50 States in December 2024

Friedman Real Estate sells 20,230-square-foot transportation property in Louisville

Former Kmart Store in Raleigh, N.C., Sells for $14Mln

4-Building Industrial Complex Near Miami Airport Sold for $17Mln

Refinancing Commercial Real Estate Loans: An Interest Rate Analysis

Marquette Companies sells 520-unit apartment community in Ann Arbor

Freddie Mac Funded $30Bln of Multifamily Loans in 4Q, Bringing 2024 Volume to $65Bln

Cushman & Wakefield hires executive director in Nashville office