The Road to Housing Act has gotten a lot of attention for banning institutional investors. That ban won't make housing more affordable, but the rule changes around manufactured homes could!
Lets cut the bad parts and keep the good, and get this act passed.
Florida condo owners lost $60,000 in equity in one year. Orlando condo owners gained 11%. Same state. Same year. I break down exactly why — and what happens next.
youtu.be/DMI7VZ36_Rk
My latest Youtube video (please subscribe, I'm really trying to do this for real now)
Is Gen-Z completely priced out of homeownership—or are market shifts creating new opportunities?
www.youtube.com/watch?si=-Ig...
California already upzoned every single family lot. But the lots aren't being developed because existing homeowners are incentivized by the tax system to stay until they die.
In California, About the Only Way to Get a House Is to Inherit One
www.wsj.com/economy/hous...
California’s housing market is officially a landed gentry system. 🏠
New data from the Wall Street Journal: 1 in 5 of CA home transfers are now inheritances—double the US average.
Does CA need to end Prop 13 to save the American Dream? 🧵👇
Come see me on the Planet Money book tour!
Get your tickets and reserve your spot before its too late 🪐💵
My latest Youtube video (please subscribe, I'm really trying to do this for real now)
Is Gen-Z completely priced out of homeownership—or are market shifts creating new opportunities?
www.youtube.com/watch?si=-Ig...
Rochester, NY has the highest bidding war rate of any US metro
My map is *share* of homes sold for above list price. Your meme doesn't make any sense.
The negative correlation between pandemic construction and share of homes currently selling above list.
🏗️The places that built the most housing during the pandemic have the fewest bidding wars, and the places that neglected to build have the most. 🏘️
See percent of homes selling above list price by county.
67% of Gen Z are struggling to afford their housing costs according to a recent Redfin report. 🏠📉
Between high rents, and a weak labor market, the struggle is real.
Rents are coming down in the places that built the most during the pandemic: the solution is to build housing! 🏗️
@juanmoisesdelas.bsky.social could you send me the paper with the result you referred to? Daryl.fairweather@redfin.com. thanks
The housing markets that had the biggest pandemic booms in home prices are now the markets where it the most difficult to sell.
See this graph showing the negative (-45%) correlation between share of home listings sold in two weeks in Jan 2026 and price growth from 2020-2022
Florida, Texas, Michigan, Nebraska, and Wyoming are moving to cut/eliminate property taxes. 🚨
Great news, right? Not if you’re trying to buy your first home. You'll be trading yearly taxes for higher home prices and increased sales tax.
My manager told me I wasn't ready to be chief economist.
I already had the offer from Redfin.
She'd downgraded my rating while I was on maternity leave, so Amazon couldn't even counter.
Her only move was to scare me into thinking I would fail.
To read the full story, grab my book, Hate the Game
Status quo bias keeps us stuck in comfortable habits that lead to dead ends. In a rapidly changing world, the default path is risky. If you wiped the slate clean, would you choose the path you are on?
Grab my book Hate the Game for more.
Yeah, in 2022 economists theorized r* was higher because of remote work and pandemic tech adoption. Multiple factors are likely pushing up r*, but I'm becoming more and more convinced that AI is the most significant right now.
That's right. It’s about the opportunity cost of capital. In the 2010s, money was allocated to safe assets like housing. Now, AI offers a higher ROI, so mortgages must offer higher rates to compete for that same dollar. That’s how AI raises the Neutral Rate (r*).
I believe AI has increased the rate of return on capital, which explains why debt has become more expensive across the board. If you'd like to understand how AI is impacting every corner of the economy through the cost of debt, watch this video
www.youtube.com/watch?v=GCMQ...
I believe AI has increased the rate of return on capital, which explains why debt has become more expensive across the board. If you'd like to understand how AI is impacting every corner of the economy through the cost of debt, watch this video
www.youtube.com/watch?v=GCMQ...
I agree, which is why the cities/states with inclusive social policies need to build much more housing so more people can live there.
Homeownership is still possible in some parts of the U.S.
Metros like Pittsburgh, St. Louis, Cleveland, OKC, and Louisville remain affordable on a median income. And that will attract more buyers.
The affordability crisis is particularly severe in metros such as San Jose, San Francisco, Los Angeles, San Diego, and New York.
You would need to earn $200,000 more than the median income in San Jose to afford a median priced home in San Jose.
In 2025, buying a home became more attainable, but affordability is still a major challenge for the middle class.
Still Redfin Chief Economist
For Black History Month, I am exploring the history of Black homeownership in America 🏘️. Watch the two-part series on Youtube: www.youtube.com/watch?v=d3Ur...
In the age of AI, new information gathered by boots on the ground journalists should be more valuable not less. AI can't see, feel or touch what is happening in real time- it can only regurgitate what has already been reported. WaPo will reap what they sow, which won't be much.
