John Wake

Independent Real Estate Market Analyst. Former: Real Estate Agent, Forbes .com Contributor, Int'l Ag Trade Economist at USDA, Ag Attaché U.S. Embassy in Paris

[John Wake @JohnWake]

76 Secrets of U.S. Home Ownership - 3 Solutions
https://t.co/X21mvnuvli

[Nightingale Associates @FCNightingale]

Abandoned half built subdivision of 277 acres in Georgetown, Texas is scheduled for foreclosure auction June 2.

“On Rocking Wilco” subdivision built by Carrollton-based modular home manufacturer Onx Homes Inc.

@m3_melody

#commercialrealestate

https://t.co/PevGss32YK

[Nightingale Associates @FCNightingale]

Of the $2.21 billion in non-defeased conduit CMBS office loans that matured in Q1, 68% failed to pay off on time highlighting ongoing office market distress.

Loan to value of 170%.

"Office loans that failed to pay off at maturity exhibited materially weaker credit profiles with an average KBRA loan-to-value (KLTV) of 170% based on our proprietary collateral values,” KBRA reported.

-connectcre
#commercialrealestate

[John Wake @JohnWake]

He and Tanta were totally cutting-edge when they started their blog in 2005. Blogs were the AI of the day – the new, new thing. Zillow didn't exist yet.
https://t.co/rls9V3AH12

[John Wake @JohnWake]

"Friends - I am going to retire this newsletter on May 31, 2027." - Bill McBride, CalculatedRisk

Always has been amazing to read!
https://t.co/ByqA0m9XM6

[John Wake @JohnWake]

At best, I bet those NIMBY-YIMBYs strongly believe that boarding houses should only be allowed in areas zoned for boarding houses.

[John Wake @JohnWake]

How many YIMBYs are fierce NIMBYs when it comes to boarding houses in their neighborhood?

SROs would definitely reduce homelessness. https://t.co/Icw9peVXeV

Media file: https://t.co/8U5ZHloDOH

[John Wake @JohnWake]

The housing market in 1 sentence.

"any divergence in rent between locations must reflect relative quality of life differences (including wages)."
https://t.co/HbKAt7BoND

[Lance Lambert @NewsLambert]

Friday: CoStar buys Zonda

Sunday: Berkshire Hathaway buys Taylor Morrison

Tuesday: Bill Pulte, the FHFA director (oversees Fannie Mae, Freddie Mac), will also become acting national intelligence director (oversees CIA, NSA, FBI intelligence programs)

Thursday: ??

[John Wake @JohnWake]

This woman just made ultramarathon history in 56-hour, 250-mile run in Arizona https://t.co/P7BRjqz4vF

[John Wake @JohnWake]

Latest U.S. Census Data

Metro Phoenix 2020 to 2024
🔹Population up 6.4%
🔹Housing Units up 8.0%

https://t.co/DRYpT6RbNa

[John Wake @JohnWake]

Ed Pinto will be in Phoenix on June 25!

This should be great! I've talked to Ed on the phone a couple of times over the years.

He's one of the very top real estate economists in the world, in my opinion.

Click Here to RSVP - https://t.co/AC30EAepto

[John Wake @JohnWake]

IMF publication with a lot of articles on debt.

PDF - https://t.co/DZi0GJDE8m

[John Wake @JohnWake]

Scary! And from an IMF publication.

"Extreme inequality is fueling a global debt crisis"

"A rising saving glut—excess saving among higher-income households—forces the economy to rely increasingly on debt-financed spending to sustain aggregate demand. Before 2008, the financial system did this by expanding household credit, which supported consumption even as inequality rose. When private credit expansion abruptly ended during the financial crisis, the burden of credit creation shifted to the public sector, as evidence from the US shows."

"When too much income pools at the top, demand weakens, deficits persist, and dependence on debt weakens us all... As Eccles remarked, “This is not ‘soaking the rich’; it is saving the rich.”

[John Wake @JohnWake]

https://t.co/UkSJNSbc3E

[John Wake @JohnWake]

"Countries must shift toward fiscal discipline and reforms that raise long-term growth"

"Many highly indebted advanced economies face a grim fiscal outlook. Under current policies, the public debt ratios of countries including Belgium, France, the United Kingdom, and the United States are set to deteriorate over the next two decades."
https://t.co/5Qe7huv5yY

[John Wake @JohnWake]

https://t.co/oSIPEjhWqc

[John Wake @JohnWake]

"Mounting public debt and rising interest rates are stretching finances and forcing difficult decisions"

[Lance Lambert @NewsLambert]

@JohnWake Bill McBride is great! I miss him being on Twitter 🏡📊

[John Wake @JohnWake]

Supply Myth

"Metro areas had a net surplus of 2.7 million units"
https://t.co/5WAlWtnunN