The hottest Real Estate Substack posts right now

And their main takeaways
Category
Top World Politics Topics
Noahpinion β€’ 11588 implied HN points β€’ 02 Mar 24
  1. Traditional banks aren't willing to take on the risks associated with financing small real estate development projects due to the complex and risky nature of construction work.
  2. Small developers struggle to access financing from traditional lenders because they lack the track record and financial resources required to secure loans, creating a barrier to entry in the industry.
  3. Institutionalization of real estate development by large firms can lead to a loss of community identity, charm, and personalized building designs, highlighting the importance of supporting small developers in creating unique and vibrant neighborhoods.
BIG by Matt Stoller β€’ 38389 implied HN points β€’ 02 Nov 23
  1. A $1.8 billion antitrust decision against the National Association of Realtors for price-fixing could change the housing market.
  2. The high commission structure for real estate agents in the U.S. could lead to changes in how homes are bought and sold.
  3. Private enforcement of antitrust laws is important in challenging monopolistic practices and promoting fair competition in the real estate industry.
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The Overshoot β€’ 1316 implied HN points β€’ 20 Jan 24
  1. Despite high mortgage rates, construction and renovation spending in the US housing market have been holding steady or accelerating.
  2. Housing sales and construction are greatly impacted by changes in monetary policy and credit availability.
  3. The rebound in house prices and construction reflects the broader growth and asset price acceleration in the US economy post-pandemic.
Snowball β€’ 1100 implied HN points β€’ 22 Jan 24
  1. Buying an income-building property requires thorough preparation and attention to details before making the purchase.
  2. Investing in buildings with multiple rented units can offer advantages like lower price per square meter, increased yield, and centralized management.
  3. When visiting potential properties, it's crucial to ask the right questions to sellers, observe key elements on-site, and gather essential documents for further evaluation.
Erdmann Housing Tracker β€’ 379 implied HN points β€’ 03 Mar 24
  1. Missing middle housing developments can be more impactful in addressing housing affordability issues than previously thought.
  2. Simply advocating for 'build more' without considering the complexity and various factors at play may not fully address housing supply constraints.
  3. Increasing the construction of 'missing middle' housing units significantly could play a crucial role in normalizing the American housing market and addressing housing shortages.
Workforce Futurist by Andy Spence β€’ 537 implied HN points β€’ 12 Feb 24
  1. Office utilization in the US is only at 21%, half the level before the pandemic, showing a significant shift towards remote and hybrid work.
  2. Despite worker demand for remote jobs, there is a notable shortage of such positions compared to on-site and hybrid roles, potentially leading to workforce dissatisfaction.
  3. The return-to-office mandates are largely driven by the need for US-based employers to optimize investments in commercial property and uphold control over employees, rather than being solely productivity-driven.
Astral Codex Ten β€’ 4542 implied HN points β€’ 10 May 23
  1. Density is correlated with high prices, but demand, rather than new units, drives prices up.
  2. Long-term, attracting people through desirability is more impactful than building more houses alone.
  3. Building new housing may attract trendy cities, but some cities may have capped trendiness and adding density won't make them more popular.
Chartbook β€’ 286 implied HN points β€’ 21 Feb 24
  1. Top Links 373 include the Ordeal by Roses photos, US bank concerns, Gazprom's losses, misfiring missiles, and Bismarck's legacy.
  2. US banks like JPMorgan Chase and Bank of America have seen a decrease in reserves for commercial real estate debt.
  3. This post is available for paid subscribers and includes insights on various topics related to finance and geopolitics.
The Dollar Endgame β€’ 239 implied HN points β€’ 29 Feb 24
  1. The commercial real estate market is facing challenges due to decreased demand for office and retail spaces, leading to increased vacancy rates.
  2. Approximately $1.2 trillion of commercial real estate debt in the US is set to mature within the next two years, posing risks for banks and investors.
  3. There are concerns of a commercial real estate crisis resembling the 2008 financial crisis, with warning signs evident in the US, Europe, and Asia.
The Dollar Endgame β€’ 339 implied HN points β€’ 05 Feb 24
  1. Chinese stock markets are collapsing, showing signs of a potential fraud that's causing panic among investors.
  2. The real estate crisis in China is exacerbating the financial turmoil, leading to massive declines in stock market indexes like the Shanghai Composite and Shenzhen Component.
  3. Efforts by Chinese regulators to stabilize the markets, such as injecting funds and clamping down on illegal practices, have so far been ineffective in curbing the crisis.
The New Urban Order β€’ 199 implied HN points β€’ 04 Mar 24
  1. There is a significant increase in multifamily housing supply, signaling a potential tipping point in the housing industry.
  2. Cities like Minneapolis that have increased housing supply are seeing a decrease in rent prices, showcasing the impact of supply and demand in the housing market.
  3. The increase in housing supply across the U.S. is leading to declines in rent prices in many major markets, demonstrating the effectiveness of increasing supply to address housing affordability.
Sinocism β€’ 923 implied HN points β€’ 24 Oct 23
  1. PRC ships rammed Philippine vessels in South China Sea, escalation of crisis at Second Thomas Shoal
  2. Wang Yi visiting US, part of effort to have Xi Jinping attend APEC in San Francisco and meet with Biden
  3. Intensifying spy war between US and China, with recent revelations of alleged US spies and Five Eyes discussing threats from China
The New Urban Order β€’ 359 implied HN points β€’ 08 Jan 24
  1. Cities in the Rust Belt like Buffalo, Cincinnati, Columbus, and Indianapolis are emerging as top housing markets for 2024, showing significant price appreciation.
  2. Contrary to popular belief, cities in the Midwest and Rust Belt are now becoming more attractive due to affordability compared to traditionally booming cities in the South and West.
  3. Factors like housing affordability, climate change, and government and private investments are influencing the resurgence of the Rust Belt cities in 2024.
Numlock News β€’ 707 implied HN points β€’ 24 Oct 23
  1. Author promoted the launch of their new book 'You Are What You Watch' and shared a discount code for purchases.
  2. Jump scares in horror movies have been declining since the mid-2010s, hitting a 20-year low in 2021.
  3. Growth of Korean AI-driven Bible chatbot service used by 20% of Protestant ministers to write sermons.
Erdmann Housing Tracker β€’ 105 implied HN points β€’ 12 Mar 24
  1. The clampdown on mortgage lending in 2008 led to unprecedented rent inflation, reinforcing the relationship between home prices, rent ratios, and access to credit.
  2. The natural experiment since 2008 confirmed that cutting off mortgage access lowered price/rent ratios substantially, leading to collapse in construction and significant rent increases. This situation may have reached a point where new homes could be constructed again on a larger scale.
  3. A regressive rise in home prices occurred post-2008 due to a credit shock affecting existing home values and necessitating a rise in land rents to induce new construction. This situation highlights the impact of housing shortages on rent inflation and home values.
Deplatformable Newsletter β€’ 216 implied HN points β€’ 29 Jan 24
  1. Having a sign on your lawn when selling your home can attract potential buyers who may not have seen your listing otherwise.
  2. Be cautious about what you post on social media as a realtor, as inappropriate comments can damage your reputation and career.
  3. Maintain professionalism and sensitivity in all interactions to avoid negative repercussions.
Daily Chartbook β€’ 1388 implied HN points β€’ 22 Jun 23
  1. The number of homes for sale in the U.S. has dropped to its lowest level and saw the first annual decline since April 2022.
  2. The median U.S. home sale price was $419,103 in May, just a 3.1% decrease from the previous year.
  3. The American Trucking Associations' For-Hire Truck Tonnage Index rose 2.4% in May after a decrease in April.
Erdmann Housing Tracker β€’ 126 implied HN points β€’ 22 Feb 24
  1. Developers and builders fear the loss in the value of their land investments if political obstructions to construction were lifted.
  2. Rents are unlikely to decline significantly in a whole metropolitan area due to new housing supply - housing demand is inelastic.
  3. Invest carefully in real estate market based on real trends but don't let fears about collapsing rents impact your views on housing justice or macroeconomic trends.
Technology Made Simple β€’ 139 implied HN points β€’ 17 Feb 24
  1. The remote work vs in-person debate is becoming more divisive with many companies now choosing to return to in-person work.
  2. Financial reasons such as increased turnover due to layoffs, real estate investments, and management preferences are driving companies to push for in-person work.
  3. Despite the preference for traditional office culture, studies show remote work can be just as productive, inclusive, and even boost creativity and performance.
CalculatedRisk Newsletter β€’ 148 implied HN points β€’ 12 Feb 24
  1. The 2-part overview offers insights into the current state of the housing market for mid-February 2024, covering aspects like house prices, sales, inventory, mortgage rates, and rents.
  2. New listings for existing homes were up 2.8% year-over-year in January 2024, showing a slight increase from the previous year's record low for January, potentially signaling an increase in overall inventory for the market.
  3. It's important to note that December and January are typically the weakest months for new listings, and while new listings are expected to show year-over-year growth in 2024, March data will provide a clearer picture of their proximity to normal levels.
Erdmann Housing Tracker β€’ 252 implied HN points β€’ 02 Jan 24
  1. High housing costs are mainly due to long term rise in rent inflation and decline in housing consumption.
  2. The bubble story contradicts the evidence of high housing costs being a result of economic rents, not productivity.
  3. Robert Shiller's analysis overlooks the importance of considering rent inflation in understanding housing market inefficiencies.
The Asianometry Newsletter β€’ 1269 implied HN points β€’ 17 May 23
  1. Vingroup started as an instant noodle company and quickly diversified into real estate, healthcare, education, and more.
  2. Vingroup's venture into electric vehicles with VinFast faces big challenges in the global EV market and technical expertise.
  3. Vingroup's diversification strategy into multiple industries like electronics mirrors other successful conglomerates but comes with risks and challenges.
CalculatedRisk Newsletter β€’ 220 implied HN points β€’ 10 Jan 24
  1. The overview provides a snapshot of the current housing market including sales, prices, inventory, mortgage rates, and rents.
  2. New listings for existing homes were up 9.1% year-over-year in December of 2023.
  3. Seasonally, December and January are weaker months for new listings, but it's expected that new listings may be up year-over-year in 2024.