Big Texas Land Co.

"Helping Good People Find Good Land!"

A Real Estate company dedicated to provide and service YOU with the best land in the beautiful Hill Country of Texas.

[Big Texas Land Co. @BigTexasLandCo]

Texas Hill Country https://t.co/BEhKT8dBle - Check it out!!  Subscribe - https://t.co/t2QWm7BIHC

[The Kobeissi Letter @KobeissiLetter]

The US housing market is in for a wild ride.

As rates rise to new highs, the average interest rate on a 30Y Mortgage is nearing 7%.

In other words, if you bought a home in 2021 at 3% interest, moving to a new home today would increase your rate by ~400 basis points.

Assuming you buy a $500,000 home with 20% down:

1. Monthly Payment at 3% Interest: $1,686/mo
2. Monthly Payment at 7% Interest: $2,661/mo

That's an increase of almost $1,000/mo, or +58%.

The already stagnant housing market is set to freeze.

[Darth Powell @VladTheInflator]

Home sellers are delusional, let's take this rocket scientist as an example

In 2021 they paid $608,000, mortgage rates were 3%.

That is a $3,373.35/mo mortgage payment

Today, they are pretending they can get $1.149m

That is a $8,348.89/mo mortgage payment at 6.8%

They think their home increased in value by 247% in 5 years from a payment standpoint (how almost all buyers measure home purchases)

When wages increased by 18.3%

What is this house really worth?

The home is worth $3,373.35/mo + wages or $4,000/mo

$510,000

[Mike Simonsen 🐉 @mikesimonsen]

The average California homeowner has *$627,000* in equity. 🤯🤯🤯

[Jon Brooks @jonbrooks]

Everyone says 3% mortgages have frozen the housing market.

They're right.

But they're missing what's happening next.

Over 50% of homeowners still have a mortgage at 4% or less.

Yet inventory keeps rising.

Why?

Because life eventually beats a low interest rate.

Divorce.
New jobs.
Kids.
Death.
Retirement.

Every day, thousands of homeowners trade a 3% mortgage for a 6–7% one.

The lock-in effect isn't ending all at once.
It's unwinding one life event at a time.

[Darth Powell @VladTheInflator]

We are currently in the largest housing bubble in US history.

[The Kobeissi Letter @KobeissiLetter]

The 10Y Note Yield is now nearing 4.70% and a fresh 52-week high.

This puts the 10Y Note Yield up over +70 basis points since the Iran War began.

The market continues to brace for an energy shock.

[Jon Brooks @jonbrooks]

Homebuilders aren't selling homes.

They're buying buyers.

Lennar is spending roughly $55,000 per home on incentives.

D.R. Horton used mortgage rate buydowns on ~73% of closings.

That's not organic demand.

It's demand financed by builder balance sheets.

The resale market can't compete.

[Amy Nixon @texasrunnerDFW]

Mortgage rates inch closer to 7% as the summer selling season winds to a close

Buyers, get ready: You may see some fire sales this Fall in inventory-heavy regions

[Daniel Meyer @TheAstrosLocker]

Obviously Bagwell didn’t get a chance to play 162 in 1994 due to the injury and the strike, but for those who aren’t old enough to remember, watching him that summer was just like watching Yordan this year. Baggy was an absolute demon.

[Lance Lambert @NewsLambert]

We just got the highest mortgage rate reading of 2026

The average 30-year fixed mortgage rate today: 6.85%

Same day last year: 6.78%

—————
10-year Treasury yield: 4.70%

Spread: 215 bps

[Wall Street Mav @WallStreetMav]

I can’t believe my mother-in-law went on vacation for 3 weeks and made us take care of her grandkids.

Grandparents need to understand that they have responsibilities.

[Home Loan Bill @HomeLoanBill]

Doomer A: “Home prices are too high.”

Doomer B: “Buyer demand is at multi-decade lows.”

Doomer C: “There’s no housing shortage.”

1) It’s impossible for all three of these statements to be true at the same time.

2) The data doesn’t really support any of these statements.

[Home Loan Bill @HomeLoanBill]

“Foreclosures are rising!!!” 🥱🥱🥱

[Nick Gerli @nickgerli1]

Ugly housing statistics so far this July.

Mortgage applications down 41% from same period in 2019.

Pending sales in June fell YoY, 2nd worst June reading ever.

Google searches for houses are falling.

All this is combining to make 2026 one of the worst summer housing markets in recent memory.

Reventure's demand index is now back down to an 8/100 (which is near the lowest level ever, worse than 2008).

Sales volumes will drop in future months, and I wouldn't be surprised if existing sales counts drop below 4.0 million annualized.

Silver lining: if you are buyer with intent, the next several months will have lots of discounts, especially in the South and West.

Check our price forecast for your ZIP on Reventure Mobile: https://t.co/9iDZkqlhE0

[Jon Brooks @jonbrooks]

HOME PRICES ARE ABOUT TO GO NEGATIVE.

[Lance Lambert @NewsLambert]

The average 30-year fixed mortgage rate today: 6.68%

Same day last year: 6.83%

-------------------
10-year Treasury yield: 4.57%
Spready today: 211 bps

[VINCENT OSHANA @VincentOshana]

INSANE!

19 years ago, Messi did a charity photo shoot while playing for Barcelona.

Families entered a raffle, players were assigned by lottery, and Messi ended up holding a 5 month old baby.

That baby? Lamine Yamal.

Now they’ll face each other in Sunday’s World Cup final. 🤯

[Mohamed A. El-Erian @elerianm]

This two-day Bloomberg chart clearly illustrates the drop in US 10-year Treasury yields following yesterday’s CPI and today’s PPI reports, both of which came in notably softer than consensus forecasts.
What's interesting is what happened between these two data points and whether it is likely to recur.
I suspect that has less to do with short-term fluctuations in oil prices and more to do with the persistent rise in debt issuance by both corporations and governments.
#economy #markets #bonds

[Nick Gerli @nickgerli1]

Remote work's impact on the U.S. housing market has completely reversed.

During the pandemic, America's biggest remote-work counties saw some of the fastest home price growth.

Now many of those same markets are leading the downturn.

Collin County, TX. Travis County, TX. St. Johns County, FL. Denver County, CO. Mecklenburg County, NC.

All have some of the highest shares of remote workers in America (25%), and all are now experiencing flat or negative home value growth.

RTO and AI-associated job losses are starting to make remote work exposure a liability for an area's housing market.

In contrast, the areas with the lowest remote work rates have the highest home value growth.

(note that this isn't a perfect relationship, the chart has an r² of 0.15, and there are notable exceptions like San Francisco and parts of Connecticut.)

Track data for Remote Work % and Home Value Growth for your area on Reventure Mobile: https://t.co/9iDZkqkJOs

[Lance Lambert @NewsLambert]

The average 30-year fixed mortgage rate today: 6.64%

Same day last year: 6.85%

-------------------
10-year Treasury yield today: 4.56%
Spread today: 208 bps