beat reporting is so weird because it's like, one week you'll be obsessed with some obscure economic indicator like six people pay attention to and then next week you trying to become an expert on roof replacements
correct me if i'm wrong but i think if you don't know what anything costs and if you're going to keep your job, you don't buy a house rn right
there's a lot to process right now but I fully admit that a few hours later this is still my Roman Empire
That’s the cherry on today’s sundae.
www.nbcnewyork.com/news/local/n...
at least one bodega in nyc is doing egg loosies, incredible www.nytimes.com/2025/02/24/n...
The FHA insures hundreds of thousands of mortgages each year and returns billions of dollars to the US Treasury — billions with a B.
DOGE is slashing its workforce by 44%. Read our story here: www.bloomberg.com/news/article...
If you work for HUD, I'd like to talk to you (anonymously!) about layoffs. Reach me via Signal or WhatsApp on a non-work phone: 301-275-8127
ho boy do i have bad news for my friends who keep asking me when mortgage rates are going to drop
So on the housing side, that would presumably be FHA and VA loans, Section 8? What am I missing?
4.06 million homes sold last year. Worst in almost 30 years and that's *with* a pretty solid pickup toward year-end
woof finance.yahoo.com/news/existin...
Pretty lackluster 2025 expected if mortgage rates maintain the status quo.
Housing market still appears stuck in the mud and not much different than 2024 really.
this will fix everything!
I learned to ski as an adult so caveat that I have no concept of the "good old days" but paying ~$1000 for essentially unlimited skiing at dozens of resorts, many of which are world-class, is objectively a good deal! independent resorts are out here charging $2k plus for a season pass
one of my least-popular opinions is that megapass skiing is good, actually www.wsj.com/business/vai...
The LA fires are turning out to be a terrible first test of new regulations that aim to fix California's insurance crisis finance.yahoo.com/news/califor...
rip resi real estate market's "survive until '25" (2022-2025)
10-year yield spikes. Close to 4.7% after Job Openings come in higher than expected
Many people are saying this!!!!
www.nytimes.com/2024/12/06/b...
mortgage app data pretty clearly shows that people are coming off the sidelines now at ~6.7% and i have questions! who are these people? where were they when rates were ~6? did the psychology change that much in three months? finance.yahoo.com/news/mortgag...
250 (nyc to near dc), train, northeast corridor transit >>>>
So it begins...expect the same sort of exemption requests in construction as well.
i am referring everyone who refers to renting as "throwing money away" to this chart
it seems not great that everyone is in agreement that we have to build our way out of this housing shortage but due to higher mortgage rates and various other factors we will simply not do that
def an "idk maybe it's fine??" situation! I lived through 2016 and 2020 when spreads blew out and then came back in without totally ruining the economy but 2020 had us there for a minute
is this anything idk
things are about to get really dumb, huh
rpc it's been so long, not having one is like half my personality!!
I started on the housing beat in September and i've already lived so many lives 🙃
ok guys do we have a good housing starter pack yet? 🙏
