Ted C. Jones (@drtcj) 's Twitter Profile
Ted C. Jones

@drtcj

Real Estate Economist, former Chief Economist -- Stewart Title Guaranty Company 1997-2023

ID: 1354913454

calendar_today15-04-2013 17:49:30

11,11K Tweet

10,10K Followers

1,1K Following

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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

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Multifamily rents fell by 6.2% year-over-year for newly-built apartments in Q2, the 2nd largest drop in 5-years. Driving the drop was a flood of new apartment deliveries this year Redfin GlobeSt.com

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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

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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

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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

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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

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 <a href="/BLS_gov/">BLS-Labor Statistics</a> 

Red States made up 18 of the 19 top growth rates
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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 📷

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

<a href="/uscensusbureau/">U.S. Census Bureau</a>
📷
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President Biden claimed President Trump was inheriting the 'Strongest Economy in Modern History' - Not true Job Growth Rates - Seasonally Adjusted 1.42% Biden 12-Months Ending Dec 2024 1.44% Trump Average 12-Months Ending Jan 2018- Dec 2019 BLS

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The Ameriprise Financial Center in Minneapolis, which had sold for $200 million in 2016 & was assessed for $90 million, sold for $6.25 million in January 2025 - a massive 97% plunge in value

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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

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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

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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

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Credit card spending in recent months on travel indicates a reduction from the same time in 2024 with lodging off 2.5% & airline off 6%. Colliers hospitality says this could impact average daily lodging receipts (ADR) & revenue per available room (RevPAR) GlobeSt.com

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Cities Where Most Americans Would Like to Live Online Poll of 1,000 US Adults Commissioned by Clever Offers July 2025 Nashville Tampa Seattle San Diego Denver Charlotte Boston Orlando Raleigh New York GlobeSt.com

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What Makes a Place to Live Undesirable? Online Poll of 1,000 US Adults Commissioned by Clever Offers July 2025 75% High Crime Rates 67% High Cost of Living 62% High Taxes 58% Bad Weather 57% Expensive Rent/Prices 57% Run-Down Infrastructure 51% Traffic GlobeSt.com

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What Makes a Place to Live Desirable? Online Poll of 1,000 US Adults Commissioned by Clever Offers July 2025 67% Good Weather 66% Safe-Low Crime Rates 64% Low Cost of Living 53% Low Housing Costs 52% Natural Beauty 51% Low Taxes 49% Amenities & Things to Do GlobeSt.com

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Midsize Cities Where Most Americans Would Like to Live Online Poll of 1,000 US Adults Commissioned by Clever Offers July 2025 1 Honolulu 2 Colorado Springs 3 Charleston 4 Tucson 5 Winston-Salem 6 Cape Coral 7 Palm Bay 8 Albuquerque 9 Spokane 10 Knoxville GlobeSt.com

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Least Desirable Cities To Live Online Poll of 1,000 US Adults Commissioned by Clever Offers July 2025 1 Washington DC 2 NYC 3 Chicago 4 San Francisco 5 Detroit 6 Los Angeles 7 Birmingham 8 Baltimore 9 Tampa 10 Atlanta GlobeSt.com