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Lance Lambert

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Financial Journalist

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Barbara Corcoran the housing bull 🏡🐂👇

Justice_Queen 🏗🏙🚇⚖️
Pick your poison - high interest rates now or soaring home prices later when all hell breaks loose.😉
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June 14, 2023, 1:18 p.m.

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

June 14, 2023, 12:46 p.m.

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

June 14, 2023, 1:47 a.m.

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

June 14, 2023, 1:45 a.m.

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

June 14, 2023, 1:44 a.m.

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

June 14, 2023, 1:43 a.m.

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Retweeted post by @Stinson Dean🌲
Stinson Dean🌲
Will someone just tell us when the 30-year mortgage spread to the 10y will return to normal?

June 14, 2023, 1:26 a.m.

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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

June 13, 2023, 9:18 p.m.

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something else to keep in mind 👇

Noel Christopher
@jlo_280 @NewsLambert @pat_clark @1RentalataTime @LoganMohtashami These are occupied long-term rentals. They will likely stay that way for a long time. Doubtful, they would kick out tenants with no place to go.

June 13, 2023, 7:47 p.m.

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Read point 1 and point 2 together

June 13, 2023, 7:35 p.m.

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

Lance Lambert
American Homes 4 Rent was a net seller in Q1. $AMH In Q1 2023, American Homes 4 Rent added 312 homes, while it sold off 666 homes. Just a year earlier, American Homes 4 Rent added 1,131 homes and only sold off 171 in Q1 2022.
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June 13, 2023, 7:32 p.m.

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

Lance Lambert
Invitation Homes, the largest owner of U.S. single-family rental homes, is now a net seller. In Q1 of 2023, Invitation Homes bought 194 homes, while it sold off 297. Just a year earlier, Invitation Homes bought 822 single-family homes and only sold off 147 in Q1 of 2022.
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June 13, 2023, 7:30 p.m.

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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.

Lance Lambert
According to an analysis conducted by John Burns Research and Consulting, institutional investors—those owning over 1,000 homes—bought 90% fewer homes in January and February than they did the first two months of 2022.

June 13, 2023, 7:29 p.m.

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

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June 13, 2023, 7:22 p.m.

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

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June 13, 2023, 7:19 p.m.

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3 things.

June 13, 2023, 7:17 p.m.

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

June 13, 2023, 7:17 p.m.

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

June 13, 2023, 7:14 p.m.

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

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June 13, 2023, 6:58 p.m.

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Retweeted post by @Ali Wolf
Ali Wolf
Sales down, cancellations up in Denver. Going to be watching this. Source: Zonda. Data through Sunday
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June 13, 2023, 6:08 p.m.

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#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.

June 13, 2023, 3:26 p.m.

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Retweeted post by @Paul R. La Monica
Paul R. La Monica
Fed funds futures now pricing in a 95% chance of a pause tomorrow.

June 13, 2023, 1:07 p.m.

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

June 13, 2023, 12:40 p.m.

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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.

June 13, 2023, 12:37 p.m.

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

June 13, 2023, 12:35 p.m.

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