deanwehrli

Sutter Capital is about to test the waters of office-to-residential with 38 apartments by Aggie Square's expanding medical footprint near Oak Park. Healthcare is a relatively healthy sector, so the cleverly named Residency is in a prime spot to prove the concept.
www.bizjournals.com/sacramento/n...

California Rolls Back Its Landmark Environmental Law

Protecting California's will places is crucial, but CEQA was abused from the start. Though more reform is needed, as important as the impact of these tweaks is that they signal the state means it when it says it wants to put a dent in its housing crisis.
#realestate
www.nytimes.com/2025/06/30/u...

Yes, California makes it hard to build (though getting better), but this article is a reminder of why the draw remains.
#siliconvalleyrealestate

www.bizjournals.com/sanjose/news...

I've been to San Luis Obispo and other parts of the Central Coast quite a bit lately and think the region is an underrated housing market. Glad to see it getting some love from the rest of the world.
#slo #real-estate

www.sanluisobispo.com/news/local/a...

It can be true that both food farms and server farms consume water, right?

The market does not always work without help, but they dont argue to allow substandard housing. Airbnb and the like are without question bad for housing supply.

They want to make it easier for everyone to build more housing, which is a good thing in a place like California.

Overregulation is without doubt stifling the housing supply we desperately need, this is just maybe not the best way to frame that.

Honestly they should have changed more.

And he is doubly wrong since the tariff laws in place were intended to give a president emergency tariff powers in exactly the kind of situation he notes.

Only in California would they write up the closing of an "almost" 15 year old restaurant as if it's a tragic loss of a historical icon.
www.bizjournals.com/sanjose/news...

Panic selling is rarely the right move. Housing markets respond to interest rates and local economics far more than presidents. Make decisions based on your needs, not headlines.

Mortgage demand drops after interest rates jump to the highest level since February Mortgage demand, which had been gaining, fell back last week after interest rates rose to their highest level since February.

Buyers are so attuned to fluctuations in mortgage rates that even modest movements often have immediate impacts. With rates up again, builders, keep your buydown powder dry.

#housingmarket #mortgagerates

www.cnbc.com/2025/05/21/m...

Part 2 of 2: This is more evidence that you have to keep your eye on supply because, particularly in mature markets, it is more stable than job growth or other demand indicators. Supply also lags demand even in growth markets so you can get these bursts of hotness.
www.zillow.com/research/mar...

Part 1 of 2: So the hottest housing markets are in California's hyper supply-constrained Bay Area and ... New York State? Buffalo especially is getting a lot of love these days (the Josh Allen Effect?).
www.zillow.com/research/mar...

Next head of FHFA?

skeets?

Knew i would find you on here. Not posting much here (or i guess anywhere) but look forward to hearing from you here because I am not on the Twitter X hellscape.

Cybertruck fits with the hellscape vibe.

Musk using fake words makes him feel smarter than he is.

Respectfully disagree on this one, Dare. Musk has all but admitted he likes H1-B hires because they work longer and don't have the same employment protections (and so less likely to complain or unionize). Big tech wants the next best thing to (well paid) indentured servants they can get.

Great note. This later in life trend has been building for decades. Partly this is choice, particularly among women, but poor housing affordability post-Covid has had a huge impact.

This is not really American democracy. It forces a variety of complicated policies into a single take it or leave it bill. No room for give and take on each issue that could lead to more nuanced policy. This is also Congress ceding its authority to impact the policies subsumed in this bill.

Great insight. I do think Nassau bounces back as the political impact of closing schools during Covid fades further into history.

I think San Jose is just outside the top 20 MSAs by pop, but SJ would definitely be up toward the top. Scarcity, scarcity, scarcity.

Either Musk or Stephen Miller or kicked out of the tent by the summer. Which one will tell us just how bought Trump is.

Just fyi, we did a missing middle episode with Dan Parolek on my New Home Insights podcast way back in May of 2019 (episode 21). It feels like the concept is gradually gaining more traction.

Some will worry this will drive home prices down, but affordability has never been worse. Listings are up too but the more the better, we just need supply, period. There will be transitory pain, but the land market will correct.

a graph of Spokane housing permitting over time, showing it spike in 2023/2024

Spokane passed a bunch of housing reforms recently—eliminating parking minimums, increasing height maximums, reducing lot minimums, allowing more missing middle, & expanding property tax exemptions for new multifamily projects—and now they're building record amounts of housing

the resist crew found my post about follow back farmers being a cancer and they are very upset