Real Estate

A collection of 100 posts

Markets

Households Need ~$117K Income to Afford the Average U.S. Home

U.S. households need roughly $117,000 in annual income to afford the average home, well above the $88,000 median household income. Homebuilders and mortgage names are the tickers to watch.

Markets

New Home Prices Fall Below Resales for First Time

New home prices have fallen below resale prices for the first time, indicating a shift in the housing market and potential challenges for major builders.

Markets

Morgan Stanley: Housing Affordability Unlikely to Return to Pre-2022 Levels

Morgan Stanley reports that U.S. housing affordability is unlikely to return to pre-2022 levels, citing higher mortgage rates and tight supply.

Real Estate

Starter Homes Priced at $200K Unaffordable for 62% of Non-Homeowners

A LendingTree study reveals that 62% of non-homeowner households cannot afford a typical $200,000 starter home, highlighting significant affordability challenges in the housing market.

Politics

Mamdani Rejects $47K Pay Raise as NYC Council Votes Itself 18% Bump

NYC Mayor Zohran Mamdani will forgo an 18% pay raise to $305,800 as the City Council votes itself a first salary bump in a decade, expected to cost the city $17M next year.

Macro

US Home Prices Rise for 36 Straight Months, Hit Record High

US home prices have risen for 36 straight months, with June’s median existing-home price hitting a record $440,660 as sales stall and affordability worsens.

Real Estate

1 in 3 Adults Under 35 Lives with Parents, Impacting Housing Market

A significant portion of adults under 35 are living with their parents, affecting housing demand and the real estate market.

Markets

US Housing Hits Record Unaffordability, Per CBS Report

Per CBS, US home affordability is at a historic low. Median existing home prices hit $440,660, with buyers needing $117K+ in income and over 75% of listings out of reach.

Macro

Nearly Half of U.S. Adults Under 30 Now Live With a Parent: Fed

A Federal Reserve survey shows 49% of U.S. adults under 30 lived with a parent last year, up 12 points from 2019. Housing costs, rents, and AI-driven entry-level job cuts are delaying household formation.

Markets

Ken Griffin Bought All 138 Condos in a Miami Tower to Tear It Down

Ken Griffin quietly spent about $125M buying every unit of Miami's 138-condo Solaris tower through anonymous LLCs, then plans to tear it down for a $2.5B Citadel headquarters campus in Brickell.

Markets

US Home Sellers Slash Asking Prices as Housing Weakness Deepens

US home asking prices dropped 2.5% year over year in June, the steepest annual decline in Realtor.com data going back to 2017. Sellers are capitulating as elevated mortgage rates weigh on buyer demand.

Macro

Trump: I Want To Drive Housing Prices Up, Not Down

Trump said at a cabinet meeting that he wants to drive housing prices up, not down, to protect homeowner wealth. The comments complicate the administration’s affordability pitch and raise questions for homebuilders and housing-linked stocks.

Tech

38% of Americans Live Near Data Centers Amid Rapid Expansion

Data centers are expanding rapidly, with 38% of Americans now living within five miles of one. This growth impacts real estate, energy, and local economies.

Politics

Trump: ‘I’d Be the Greatest Communist in History’

Trump told the Faith & Freedom Coalition he’d be ‘the greatest communist in history,’ attacking NYC socialist wins and rent-control politics. Here’s the market angle.

Politics

Trump Plans Major Overhaul of D.C.'s East Potomac Golf Course

President Trump announces plans to renovate East Potomac Golf Links in D.C., aiming to host major tournaments. Construction set to begin September 1.

Real Estate

Over Half of U.S. Homes Sold Below List Price

In 2025, 62.2% of U.S. homes sold below their original list price, with buyers securing an average discount of 7.9%, the largest since 2012.

Real Estate

Redfin: Home prices are picking up again as costs hit fresh highs

Redfin says home prices are climbing again, with the median U.S. sale price at a record $403,889 and monthly housing payments at a one-year high even as pending sales fall for a fifth straight week.

Markets

Senate Advances Housing Bill to Limit Private Equity Purchases of Single-Family Homes

The Senate advances a bipartisan bill to cap private equity ownership of single-family homes, aiming to increase housing affordability and supply.

Politics

NYC Pied-à-Terre Tax Passes: Second Homes Over $1M Hit

New York lawmakers passed a pied-à-terre tax on NYC second homes valued at $1M and up, with rates climbing as high as 6.5%. The measure targets non-primary residences and is expected to raise $500M a year.

Real Estate

Private Equity Now Owns 1 in 8 US Apartments, PESP Report Finds

Private equity firms now own roughly 13% of US apartment units, about 3 million across 11,800 buildings, with half acquired since 2021. Blackstone leads with 230,000+ units.

Markets

Housing Affordability Hits Historic Lows as Buyers Sit Out 2026

Home prices remain elevated, mortgage rates are still above 6%, and existing home sales are near post-2008 lows. The market is not crashing, but it is frozen.

Real Estate

Average home price in America sits at $410,110 from just $66,125 in 1981

Per Business Insider Realtor.com reports that the average home price in America sat at $410,110 compared to its initial $66,125 in 1981. This was as housing affordable was even worse for certain Baby Boomers. During that time, home prices were around six times more affordable. To be

mortgage

7% mortgage rates regarded as the 'new normal' by Compass CEO

Per Business Insider The CEO of Compass, Robert Reffkin, described 7% mortgage rates as the new normal. This came in an interview with CNBC, where the CEO said that home buyers would just have to accept the new rates. Reffkin previously said that 6% was the new normal but has

bank of england

The Bank of England warns regarding sharp mortgage payment increases for 4 million households reaching almost £3,000 yearly

Per Bloomberg The Bank of England has announced that they would be increasing mortgage rates sharply, which would affect four million households. This would result in average borrowers having to pay almost £3,000 yearly. This comes as Governor Andrew Baily explains the situation, saying that the decision would still

mortgage

US monthly mortgage around $1,000 higher than two years ago for a $400,000 property, per Freddie Mac

Per Daily Mail Freddie Mac reports that monthly mortgages are now around $1,000 higher than two years ago for a property that costs $400,000. This came as the 30-year loan percentage is over double how it was two years ago. These mortgages increased from 2.9% in