Adrian J. Foley

🏡 Real estate | Residential Estate Broker & Lawyer | 🚀 Tech & Blockchain explorer | Examining the intersection of property, tech, and law ⚖️

[Adrian J. Foley @adrianjfoley]

Yesterday I joined a Twitter Space hosted by @STOmarket featuring @HomebaseDAO and founder @0xDomingo.

A memorable statement from @KyleSonlin speaking about Web3 disruption is "real estate is extremely conservative and the ripest for the reward."

What do you think?

[Adrian J. Foley @adrianjfoley]

@recap_david Calico

[Connor Boyack 📚 @cboyack]

https://t.co/4SMw7birVU

[Adrian J. Foley @adrianjfoley]

I understand the point you are making about the purchase process being ripe for disruption through the removal of redundancy and greater efficiency. There are also too many RE agents flooding the service market with shockingly wide degrees of service and value add (or lack thereof) to buyers and sellers.

However, the fact is residential real estate transactions involve human emotions that are not well understood or accounted for by tech platforms. These emotions are also the very aspect of resi transactions that attorneys do not want to deal with.

A real estate attorney charging $700-$1200 per transaction does not want to spend 1 hour of their time explaining to a seller (who hasn't sold a primary residence in years) that their home is not worth the price they have set in their mind because the neighbor down the block sold their home for a similar price a year ago.

That same attorney then doesn't want to have the counterpart conversation to negotiate the deal with the prospective buyer to explain where the seller is in terms of pricing and where there may be some give and take in the context of terms and price.

That is just one set of conversations and time that go into a residential transaction. All the while involving emotions that can often cloud the logic of a transaction on paper - or in code.

Good agents add value, and often, that is derived from years of experience those agents have had learning the ins and outs of pricing, contracts, negotiations, and the greatest value of all: being human.

[Lance Lambert @NewsLambert]

There are over 7,500 listed companies across major U.S. stock exchanges.

On any given day, we know the market trading price of those 7,500 shares.

Now, look at housing. There are 95 million owner-occupied housing units in America.

Almost every one of those housing units is unique in some way—and unlike stocks, there isn’t always an apples-to-apples product for every home transaction at any given moment.

When you hear me or anyone else talk about “U.S. home prices,” it’s an aggregation. As you peel back the layers (U.S. → state → metro → county → neighborhood → individual property), you’ll find an enormous amount of nuance at any given time.

[Odeta Kushi @odetakushi]

Just released Q1 2025 NMDB data reveals:

- 20.7% of mortgaged homes have a rate <3%
- 32.7% have a rate 3.0 - 3.99%
- 17.9% have a rate 4.0 - 4.99%
- 9.9% have a rate 5.0 - 5.99%
- 18.8% have a rate >= 6%

81% of mortgaged homes have a rate below 6%, that's down from the peak of 92.7% in Q2 2022. The share of mortgaged homes with a rate below 6% is the lowest since Q1 2016.

[Odeta Kushi @odetakushi]

🟢Permits, an indicator of future groundbreaking, increased to a rate of 1.482 above consensus expectations of 1.45 million.

🔴Housing starts decreased to a rate of 1.324 million, below consensus expectations of 1.42 million.

Single-family starts and permits have decreased, with permits dipping 2% in March after several months of stagnation. Meanwhile, completions have slightly increased. The slower pace of permits suggests a reduced rate of groundbreaking in the upcoming months, due to higher inventory levels in key markets and ongoing challenges with costs and affordability.

[Adrian J. Foley @adrianjfoley]

@OmarMora1es Awesome lot in a great location. Congrats on the listing!

[Adrian J. Foley @adrianjfoley]

With 10% of the new listings being properties that last sold in 2021, it begs the question:

How many of those buyers were homeowners looking for a primary residence versus speculative buyers taking advantage of historically low interest rates in a rapidly appreciating market?

[Adrian J. Foley @adrianjfoley]

33% of homes (attached and detached residential) listed in Charleston County, SC between August 1 and noon EST today, were last sold within the past 4 years.

The majority of those active listings were last sold in 2021.

Nearly 5% of those active listings were sold multiple times in the past 4 years.

[Adrian J. Foley @adrianjfoley]

That being said, the amount of new listings that sold in the past 4 years is a very interesting data point.

As supply is increasing, mortgage rates are still above 6% and indications are days on market creep up, are sellers seeing the writing on the wall of a top?

[Adrian J. Foley @adrianjfoley]

@initiative_sc How can SC residents help you spread the pro bitcoin mining message to their representatives?

[Adrian J. Foley @adrianjfoley]

One prediction on the market for tokenized assets is between $3.5 and $10 trillion.

Interesting to see HELOCs on chain. With the extensive VC backing of Avalanche and Avalanche devs/projects, I wonder if that played into Homium's choice of chain.

https://t.co/77bgzVdogl

[Adrian J. Foley @adrianjfoley]

@NewsLambert Congratulations!

[Adrian J. Foley @adrianjfoley]

@realEstateTrent This one is always surprising!