With Mamdani closing in on 90% odds to be the next NYC mayor, real estate people are losing their minds.
Let me break down what his policies actually mean for property prices in the Big Apple 🧵
These are homes where the seller already cut the price and still can’t find a buyer.
Price cuts are supposed to unlock demand. In these metros, they clearly aren't.
Source: @ParclLabs
@RobertJShiller saw it in ‘92. Crypto proved market structure and now the U.S. Reg path is opening thanks to @MichaelSelig & team
We’ve been building towards this for years: real time data, indices and an exchange
@parcl is the infrastructure for real estate financial products
Foreclosures rose 25% YoY in Q1, per ATTOM. Highest since 2020.
Normalisation, or the first sign of capitulation?
That tends to show up first in the Motivated Seller Index. Tracking on @ParclLabs
Seems like a pretty big deal for novel, esoteric, traditionally illiquid markets well suited to perps... ahem @Parcl
Great work by the CFTC here - let's go!
V4 Devnet Trading Competition 2 starts June 4.
The first round did ~$22M in paper volume across nearly 4,000 matched trades.
This round is bigger: more markets, fees on, rebates on, and a $5,000 USDC prize pool.
The first V4 devnet competition is done.
Two weeks.
$22M in paper volume.
4,000+ trades.
7 live markets.
But the interesting part was not just who won.
It was what the market looked like once people actually started using it.
This crossover showed up in @ParclLabs data in December 2025.
Same directional signal. Different methodology. Four months earlier.
By the time it becomes the headline, the market’s already moved.
21%.
Share of U.S. home purchases going to first-time buyers right now.
Lowest since 1981.
Housing in America is getting harder to access.
You don’t need to own property to have exposure to the market.