What I'm Reading Shelter In Place: Higher interest rates will make move up buyers with low, fixed mortgage rates and tons of equity less likely to move. Instead, they will likely renovate or expand their existing homes. At the same time, builders confidence is declining as rates rise and supply...
September 8th – 800 LB Gorilla
What I'm Reading 800 LB Gorilla: Amazon is on pace to absorb nearly 120 million square feet of commercial space this year and accounts for eight of the ten largest industrial projects underway in the United States. The ecommerce giant is having a massive impact on everything from pricing and...
June 10th – Leap of Faith Part 2
One Big Thing Yesterday, I wrote about multifamily development getting more speculative because of uncertainty about cost inflation. Today, let's take a look at the for sale housing market. If you want to get an insider's view of housing, Bloomberg's Odd Lots Podcast with Zonda's Chief Economist Ali Wolf from...
March 1st – Fuel on the Fire
What I'm Reading Fuel on the Fire: With long rates rising, investors in the mortgage bond market had to sell treasury positions in order to hedge their holdings, accelerating last week's bond market selloff. Christopher Maloney of Bloomberg explains what is happening perfectly: The forced sellers are investors in the...