Ernie Rodriguez

Real Estate Advisor | Housing & economic insights Miami, FL 🇺🇸

[Ernie Rodriguez @ErnieRodriguez_]

@NYCMoms1 @Vanguard_Group Fidelity is down too

[Ernie Rodriguez @ErnieRodriguez_]

@jonbrooks Seeing a bunch of homes that were purchased in 2022-2024 listed for less than they purchased (and still sitting).

[Ernie Rodriguez @ErnieRodriguez_]

New home sales down 10% in July compared to June.

[NAHB 🏠 @NAHBhome]

Sales of new single-family homes fell 10.5% in July to an annual pace of just 607,000, 6.3% lower than a year ago. The median sales price of new homes sold last month was $393,800, about 1% lower than in July 2025. #realestate #housing

[Ernie Rodriguez @ErnieRodriguez_]

Housing construction is slowing

🏠 Single-family housing starts: down 16% YoY

🏢 Multifamily housing starts: down 7% YoY

���� July housing starts: 1.24M vs. 1.34M expected

Affordability continues to be the major headwind

[Ernie Rodriguez @ErnieRodriguez_]

@jonbrooks What market

[Ernie Rodriguez @ErnieRodriguez_]

Signs of the times. Oaktree essentially saved UWM, for now.

[Ernie Rodriguez @ErnieRodriguez_]

@Jacob_Naviaux It’s starting to spread nationwide. Gatlinburg and Pigeon Forge are areas I’ve been wanting a cabin in and I’m seeing several listings below their 2022-2023 purchase price and they're not getting any traction

[Ernie Rodriguez @ErnieRodriguez_]

Worth monitoring the capital gains exemption on home sales.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: President Trump's capital gains tax cut discussions include "indexing" capital gains for inflation BEFORE taxes are calculated.

This would mean that taxes would be applied on gains adjusted for inflation.

For example, if you purchased a stock for $100,000 and sold it 5 years later for $200,000.

Under the current system, you would owe capital gains taxes on the full $100,000 gain.

But, if cumulative inflation over those 5 years was 20%, your inflation-adjusted cost basis would rise to $120,000.

This means you would only owe capital gains taxes on the $80,000 REAL gain, rather than the $100,000 nominal gain.

Trump has also suggested exemptions for sales of homes worth $2 million or less from capital gains taxes.

We expect more details soon.

[Ernie Rodriguez @ErnieRodriguez_]

@jonbrooks Sellers will lose this battle. Greed will cost you more. It’s not 2020 anymore

[Ernie Rodriguez @ErnieRodriguez_]

@charliebilello I wonder how this looks if you exclude condos. Some parts of Miami are still selling within the first week at asking.

[Ernie Rodriguez @ErnieRodriguez_]

@NewsLambert 😂 same here.

[Ernie Rodriguez @ErnieRodriguez_]

@Fidelity is acting on the day of the biggest IPO.

[Ernie Rodriguez @ErnieRodriguez_]

@SpeakerWelchIL @MeetThePress @kwelkernbc 😂 “mistreatment of black woman” what a joke

[Ernie Rodriguez @ErnieRodriguez_]

@Stephanie_Link Good call on your part 👏

[Ernie Rodriguez @ErnieRodriguez_]

@bsdyork @GrantCardone @EricSpracklen Staying put. Sitting on a 2.75%

if an opportunity comes up to purchase something else, I’d rent this one out.

[Ernie Rodriguez @ErnieRodriguez_]

@KobeissiLetter 10yr yield on Tuesday 👀 📈

[Ernie Rodriguez @ErnieRodriguez_]

@GrantCardone Both.. but we have a major fraud problem. DOGE was doing good identifying them 🤷‍♂️

[Ernie Rodriguez @ErnieRodriguez_]

@EricSpracklen 💯 Mortgage rates aren't the problem

[Ernie Rodriguez @ErnieRodriguez_]

@bsdyork @GrantCardone @EricSpracklen I bought in 2014 for $450k and my property value has increased about 130%. We need a pullback or the next generation is fried.

I work with buyers all the time and the mortgages than im seeing them get is ridiculous. Even with 0% rates, it’s still a lot.

[Ernie Rodriguez @ErnieRodriguez_]

@GrantCardone @EricSpracklen we need a good pullback.. that will bring down taxes and insurance with it. It’s gotten out of control

A 6.5% rate for coneventional isn’t terrible. A house that was $400k 5 years ago and is now $700k is.