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Real Estate

Home
Finance

The Most Splendid Housing Bubbles in Canada: Home Prices Dip Further, -14% from Peak in March 2022, Now Below Sep 2021

April 12, 2024 Mariel Alumit

Condos in Toronto hit 28-month low.  But Vancouver house prices only -3.9% from peak in 2022. Calgary house prices jump to new high; oil boom helps. By Wolf Richter for WOLF STREET. Condo prices in Canada fell 0.7% […]

Landlords
Finance

The Biggest Landlords of Single-Family Rental Houses and Multifamily Apartments: Who Owns the US Housing Stock?

April 9, 2024 Mariel Alumit

80% of single-family rentals are mom-and-pop; mega-landlords own just 3%. But mega-landlords dominate multifamily rentals. By Wolf Richter for WOLF STREET. There has been a lot of talk about corporate mega-landlords buying up single-family houses one by one […]

nuclear power plants
AI

As AI booms, land near nuclear power plants becomes hot real estate

March 26, 2024 Mariel Alumit

The land surrounding a nuclear power plant might not sound like prime real estate, but as more bit barns seek to trim costs, it’s poised to become a rather hot commodity. All datacenters are energy-hungry […]

Ohio
Climate Crisis

Ohio landowners say solar opposition groups threaten their property rights

March 21, 2024 Mariel Alumit

  A pair of cousins who want to lease land for a contested solar project in central Ohio say a vocal minority is trying to interfere with their property rights. “I have rights as an […]

House Prices
Finance

The Most Splendid Housing Bubbles in Canada: National House Prices Flat in Feb., -16% from Peak, Condos Drop Further, on Bank of Canada’s 5% and Massive QT

March 19, 2024 Mariel Alumit

Toronto condos drop to 28-month low, Vancouver house prices -4% from peak in 2022 but condos near high. Calgary houses set new highs. By Wolf Richter for WOLF STREET. House prices in Canada were unchanged in February compared […]

CRE Mortgages
Finance

Who’s on the Hook for Multifamily CRE Mortgages? #1 Taxpayers, far ahead of #2 Banks

March 18, 2024 Mariel Alumit

By Wolf Richter for WOLF STREET. The multifamily segment of Commercial Real Estate – apartments – is holding up better than office, retail (the Brick-and-Mortar Meltdown since 2017), and lodging, though it’s cracking too with some spectacular defaults […]

Jamie
Finance

Dimon Suggests Other States Should Be More Like Texas

February 28, 2024 Stu Turley

Jamie Dimon applauded Texas for its business-friendly policies and said other areas including New York City should do more to attract investment. The chief executive officer of JPMorgan Chase & Co. praised Texas’s lack of an income tax […]

Index
Finance

The Most Splendid Housing Bubbles in America, Feb 2024 Update: 20-City Index Drops for 2nd Month from Double-Top. Biggest Price Drops from 2022 Peak: San Francisco, Seattle, Portland, Denver, Phoenix, Las Vegas, Dallas, San Diego

February 28, 2024 Mariel Alumit

The overall home price index for the 20 metros that today’s S&P CoreLogic Case-Shiller Home Price Index covers declined by 0.6% from the prior month, the second month in a row of declines. The index formed […]

Housing
Finance

This Housing Market is Still Frozen

February 23, 2024 Mariel Alumit

The median price of existing homes dropped further, high was June 2022, demand remains collapsed, active listings highest in 4 years, days on the market rise. By Wolf Richter for WOLF STREET. The national median price of existing homes […]

Mortgage
Finance

Mortgage Rates Rise Back to 7%, Housing Market Re-Freezes, Buyers’ Strike Continues. Prices Are Just Too High

February 21, 2024 Mariel Alumit

Inflation might not go back into the bottle voluntarily, and these mortgage rates – considered low in 1970-2000 – might stick around. By Wolf Richter for WOLF STREET. The average conforming 30-year fixed mortgage rate rose to 7.0% […]

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