What I'm Reading Staying Put: Nine out of ten mortgages in America carry an interest rate of less than 5%, which is the official level at which most new 30-year fixed-rate mortgages are now being written. Expect homeowners to hold onto their houses longer. Axios Sounding the Alarm: A Riverside...
January 11th – Open House
What I'm Reading Open House: Supply chain issues are making it difficult for home builders to complete new houses, despite increased building activity. As a result, mostly finished units are often sitting for weeks, awaiting the delivery of items like garage doors and gutters. Wall Street Journal No End in...
November 18th – YOLO
Closing Announcement: RanchHarbor recently closed on Glenbrook Apartments, a 112 unit value add property in Boise, Idaho. Glenbrook is our second acquisition in the Boise market. We are excited about the closing and renovations are already underway. REBusiness Online Want to see more opportunities from us? Sign up here: RanchHarbor...
May 21st – Clogged
What I'm Reading Clogged: This week's housing starts number was a big disappointment, especially given the lack of supply that has helped lead to rising prices. It has a lot to do with a lack of finished lot inventory that has caused a major bottleneck, forcing builders to slow down. ...
April 23rd – Dead on Arrival
What I'm Reading Dead on Arrival: $12.3 trillion of economic stimulus over the past year effectively killed off the US credit default cycle despite the lingering pandemic, resulting in the lowest-rated companies enjoying their cheapest borrowing costs in history. Bloomberg Blowback: The Consumer Financial Protection Bureau announced an interim rule...
January 22nd – Deluge
What I'm Reading Deluge: Office occupancy losses hit record lows in 2020, totaling 84MM square feet with more than half of the losses occurring in CBDs. Expensive markets with a high concentration of tech-and energy-companies were the most impacted. The only relative bright spots were secondary and tertiary markets, which...