Melody Wright

Strategist, Writer, Technologist, GFC 1 Survivor.

Tweets about housing, mortgage finance, commercial real estate, macro and technology. Not investment advice.

[Melody Wright @m3_melody]

🚨September New Home Sales

🥶

⬇️ -3.45% YoY and -1.75% MoM nonseasonally adjusted

Median sales price down -3.93% YoY but up 3.89% MoM after last month was revised down

Details on new home sales & Days 1-3 of the TX datacenter tour here

🏠+🤖=🤕

👇

https://t.co/29RmoFs3Ny

[Melody Wright @m3_melody]

@Jmarmstrong88 @FreightAlley Forgive my ignorance - confirming heavy haul would also say be delivering equipment to job sites (datacenters) for rental or just sales deliveries?

[Melody Wright @m3_melody]

@RetiredTrader_ @jimmydean197 🎯

[Melody Wright @m3_melody]

I remember 2015 in Denver...cranes everywhere

[kristen shaughnessy @kshaughnessy2]

Starting bid for 16 story Denver office building - $750,000

“…the final price will likely be a fraction of what the current owner paid for it.

The building was purchased for $26 million in 2015, according to city records.

Today, the Denver County assessor estimates it’s worth $7.6 million…”
-@CPRNews

[Melody Wright @m3_melody]

@jimmydean197 Oh yeah

Nashville probably wins the crane award

[Melody Wright @m3_melody]

@Just_Ask_Joe What I've found is that the builders pivoted to permanent buydowns so not as many as we thought there would be

[Melody Wright @m3_melody]

🚨ICE Sept Delinquency

"Recent originations now drive the foreclosure pipeline...loans originated in 2022 or later accounted for 43% of September’s foreclosure starts and 49% of completed sales"

Fcl inventory coming off historic lows but hitting "highest level since early 2019"

[Melody Wright @m3_melody]

https://t.co/DWKCSbSr0u

[kristen shaughnessy @kshaughnessy2]

Brookfield Walks Away From $600M Downtown LA Tower Over Refinancing Costs

“Brookfield is exiting the property rather than refinance the building’s roughly $360 million loan, which would have required tens of millions in additional costs because of today’s high rates, according to people familiar with the matter

The lender, Apollo-owned Bridge Investment Group, is now working to sell the loan….

Landlords have about $1.8 trillion in debt over the next decade, almost half of which is due between this year and 2028..”

[Melody Wright @m3_melody]

@alinastan58 @StockTraitors @TravisREMindset @UnicusResearch Thank you. Interesting.

[Melody Wright @m3_melody]

Headed to TX!

@TravisREMindset
@UnicusResearch

[Melody Wright @m3_melody]

@alinastan58 @StockTraitors @TravisREMindset @UnicusResearch I’ve heard this too. That’s why it’s important to tour and talk to folks to get a real sense. Thank you.

[Michael Farris @CoffeeandaMike]

AI Buildout Is Shockingly Fragile (CLIP)- Melody Wright

My conversation with @m3_melody is now up on Patreon, Substack, and YouTube. Please consider becoming a paid subscriber to watch the full conversation now.

[Melody Wright @m3_melody]

@StockTraitors @alinastan58 @TravisREMindset @UnicusResearch Those Chicago suburbs are wild. At the same time we are seeing growing default notices go out there.

I hope to get there soon to get more intel.

[The Coastal Journal @1CoastalJournal]

S&P Global Ratings revised its outlook on $META to

"negative"

from "stable", citing significant uncertainty around the company's capital spending and free ⁠operating ​cash flow.

[Real Estate Mindset @TravisREMindset]

San Antonio: Vantage and Omicron Data Centers, Leaking Gas? @m3_melody

[Melody Wright @m3_melody]

@KennesawTom Beautiful

[Melody Wright @m3_melody]

@RolandBakerIII @UnicusResearch 🔥❤️

[Rudy Havenstein, Senior Markets Commentator. @RudyHavenstein]

Multi-family is a dumpster fire, if you dug a huge hole, and poured a ton of gasoline into it, and then set this pit of gasoline on fire, and then pushed a dumpster into it.

[Melody Wright @m3_melody]

@CoffeeandaMike @onechancefreedm ❤️🫂❤️

[Melody Wright @m3_melody]

@jdh13k @UnicusResearch It is.

Says a former fan of “Stargate”

Sigh