In fast-growing metro areas, the continued shortage of housing and high house-price-to income ratios lead to increased out-migration as homebuyers seek more affordable destinations. Read more in our latest research.

John Wake this is worded perfectly .. of those that are STILL for sale 1/4th have reduced price … which is wayyy different than saying 1/4 of sellers reduced price ..

The dude taking away the ever-clear spiked punchbowl is never popular

In fast-growing metro areas, the continued shortage of housing and high house-price-to income ratios lead to increased out-migration as homebuyers seek more affordable destinations. Read more in our latest research.

5.9% core inflation decreasing since March but within that, shelter inflation actually increased by 10bps to 5.7%. Why? BLS shelter index is bridging gap between market rate and in-place rents; this lag will prevail for awhile despite cooling housing markets. #inflation

Well said. Opinion: Don't blame SFR companies for lack of inventory - HousingWire housingwire.com/articles/opini…

Is it me or is this headline in conflict w/ it’s own story ?

linkedin.com/posts/activity…

Lock-in .. I like the Red .. Financing these @ 3% then jumping rates to 6% is the same as burning them down from a supply perspective.

In all of the discussions around crowding out buyers, I always thought STRs were under appreciated .. it’s 7-8% of stock ..

Can’t we simplify the phrase “gain of function” to “weaponizing” ?

Vol + Vacuum .. Rate Vol is a mess .. Fed & Banks are effective net Sellers .. asset lost it’s subsidized funding ..

Do policy makers consider this a win ? Destroying a beautiful city.

This has been a subtle but important factor in SF-dettached pricing..High speed comms has caused the “home” to experience dramatically increasing utility (demand) and therefore Value .. Shop from _ Stream from _ Deliver to _ Work from _ —Home— (BTW, the metaverse is there too.)