
Ted C. Jones
@drtcj
Real Estate Economist, former Chief Economist -- Stewart Title Guaranty Company 1997-2023
ID: 1354913454
15-04-2013 17:49:30
11,11K Tweet
10,10K Followers
1,1K Following

Pending home sales (newly signed purchase contracts) fell 5.5% in July 2024 to lowest level recorded since 2001 when NAR Research commenced reporting the metric. These are the pipeline for closings of existing homesfor August & September


Average Multifamily cap rates increased from July 2023 to June 2024 to 5.8% - the highest cap seen since 2014. Since the 2022 low Multifamily cap rates were up 110 basis points Marcus & Millichap Globest.com The cap rate rise alone relates to a 19% drop in value Ted C. Jones

The percentage of Single Family Homes by investors had from 29.8% in Jan 2024 to 23.4% in July 2024. Investors focused on buying lower-priced homes (limiting 1st-time homebuyers) @CoreLogicInc GlobeSt.com


1st-time homebuyers, which made up 32% of all home purchase transactions in 2023 (1 in 3) plunged to just 24% in 2024 (1 in 4) - the lowest share recorded by NAR since data collection commenced in 1981 NAR Research Profile of HOME BUYERS and SELLERS 2024 NAR

President Biden said Red States underperformed economically speaking despite extra stimulus Untrue. Take a look at job growth rates by state from Feb 2020 (the month prior to the pandemic) thru November 2024 BLS-Labor Statistics Red States made up 18 of the 19 top growth rates


Red States Dominate Best Legal Population Growth Rates 2020-2024 Red States made up up 10 of the top-12 population growth rates (legal) from July 2020 to July 2024 according to the U.S. Census Bureau 📷




Grocery Prices Dropping Under Trump Walmart is pricing its Easter holiday meal (can feed 8 people) for less than $6 per person vs $8 last year. The 11 items include spiral-sliced brown-sugar ham, vegetables, potatoes, rolls & cake Chain Store Age

Walmart plans to invest $6 billion in Mexico to create 1,500 new locations across the 32 states by 2030. Walmart already has 3,200 retail locations in Mexico. 83% of the products sold by Walmart across Mexico are “Made in Mexico” Chain Store Age

Rite Aid considering a 2nd bankruptcy filing since Oct 2023, or selling some or all of its assets since recent restructuring did not put the firm on a sustainable path says The Wall Street Journal The prior bankruptcy eliminated $2 billion in debt & dropped from 2k stores to 1.3k Chain Store Age






