CREdible 🚢

I like real estate. Building SFR Intelligence.

[CREdible 🚢 @CredibleCRE]

The SFR and BTR data space just lost another independent option.

It was already thin, a handful of providers, most locked behind enterprise contracts and five-figure commitments. Zonda joining CoStar doesn't make that cheaper. Acquisitions like this never do.

This is the exact frustration we built @FrontFootSFR to fix. Tired of the pricing. Tired of the limited options.

Quality SFR + BTR data, actually accessible: daily-refreshed and ownership data. No contract. No card. No sales call.

[HousingWire @HousingWire]

CoStar to buy Zonda from MidOcean Partners https://t.co/RljYIR7JbN

[CREdible 🚢 @CredibleCRE]

Agree. @FrontFootSFR started as an internal tool and was “working” in a few months.

Getting it external-ready took another year.

Early mornings. Late nights. Personal capital. Contractor reviews. Endless debugging. Most of the code written by me + AI.

The first 80% comes fast. The last 20% is where the real work starts.

AI makes building easier. It doesn’t make productization easy.

You still need patience, time, and budget. Most people don’t have all three, especially when they’re building something they aren’t getting paid to build.

[CREdible 🚢 @CredibleCRE]

If you’re blaming your failed deals on 'unforeseen' Fed rate hikes, but you’re currently raising capital for new deals with low/flat exit cap rates because 'rates can’t stay this high forever'… you’re not unlucky.

You’re a grifter.

[CREdible 🚢 @CredibleCRE]

@AlexFinn I think I did a decent job here.

https://t.co/7nadrUlble

[CREdible 🚢 @CredibleCRE]

I have worked with some of the largest institutions on their SFR portfolios. Built a data and analytics platform for the SFR space @FrontFootSFR.

I would never advise an individual to try to build a portfolio from scratch.

And definitely do not buy off of a SFR Market Place like Lennar's. Those homes were passed over for a reason.

[CREdible 🚢 @CredibleCRE]

@TheRealEstateG6 Flat entry and exit on a value add deal? That is what is creating the profit. You took the upside out of the deal. Cap rate would end up being higher at exit.

[CREdible 🚢 @CredibleCRE]

@baparish @realEstateTrent Sell Story. Deploy Capital. Increase AUM.

[CREdible 🚢 @CredibleCRE]

I was definitely was not expecting this from CBS.

[CBS News @CBSNews]

Los Angeles Mayor Karen Bass and mayoral candidate Spencer Pratt kicked off the city's mayoral debate in a heated exchange on Wednesday after Pratt called Bass "an incredible liar," and claimed she misguided Angelenos about the facts of the Palisades Fire when it broke out last year.

CBS News' @JonVigliotti, who has been closely reporting on and investigating the blaze for over a year, fact checked two key moments from the debate.

[CREdible 🚢 @CredibleCRE]

@RetailBrokerHTX Whole Foods in CA in an A location is doing over $1,000/sf in sales. I have seen some Safeways doing $1,000 to $1,200/sf in the right locations.

[CREdible 🚢 @CredibleCRE]

Transactions are happening because someone is absorbing the affordability gap.

Right now, builders are absorbing more of it than the headline suggests—through rate buydowns, incentives, and margin givebacks.

That’s not fake demand.
But it’s definitely not clean strength either.

[CREdible 🚢 @CredibleCRE]

The market doesn’t wait for a bill to become law.

Capital reprices the risk the moment it believes the rule might stick.

That means supply can freeze before the press release, before the vote, and definitely before the ribbon cutting you wanted three years from now.

[CREdible 🚢 @CredibleCRE]

If your housing bill removes ~72,000 future rental homes a year, you don’t get to call it affordability reform without showing the replacement supply.

Killing one delivery channel is not a housing strategy.
It’s a headline.

[CREdible 🚢 @CredibleCRE]

In D.C., BTR gets framed like an ideological problem.

In actual markets, it looks a lot more boring and a lot more important:

homes delivered
lease-ups filled
corridors funded

Housing gets real fast when you leave the hearing room.

[CREdible 🚢 @CredibleCRE]

Every anti-BTR take should have to answer one question:

What replaces the units if this channel gets choked off?

Not vibes.
Not a press release.
Actual replacement supply.

If there’s no answer, it’s not a serious housing argument.

[CREdible 🚢 @CredibleCRE]

@alt_w_v_g

[CREdible 🚢 @CredibleCRE]

Congrats! Simple proptech made my industry experts is what is needed.

Not everything apps. I've done the complex enterprise thing and it's really hard to move large companies.

We are building something super simple and accessible for the SFR industry. Underwrite your rents and market level data, export formatted market level insights, move on to your next deal.

https://t.co/2FVVOAlGkR

[CREdible 🚢 @CredibleCRE]

Institutional purchases are already down more than 90% from 2022.

So if the big new housing idea is still "go after institutions," you are arguing with a smaller and smaller slice of the problem while supply is still broken.

[CREdible 🚢 @CredibleCRE]

While the U.S. housing conversation is busy targeting institutional ownership, foreign strategic capital is still buying into American homebuilding.

Sekisui House bought MDC for roughly $5B.

The people writing the biggest checks are voting on long-term housing demand.
The discourse is mostly voting on villains.

[CREdible 🚢 @CredibleCRE]

If institutional owners control 0.7% of U.S. single-family stock, but the policy response risks 72,000 fewer homes a year, we are not fixing affordability.

We are picking a villain and making supply worse.