The immense irony here is that perps - in particular real estate related perps - would have perhaps *helped prevent* an 07/08 style crisis, which cascaded in large part because nobody knew who held what at what price and nobody got liquidated promptly (completely solved in perps)
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
A realtor’s entire income is a leveraged bet on their local housing market.
The problem is not just the slowdown. It is having no hedge.
Your income, your pipeline, your net worth all tied to the same market at once.
That is exactly the gap Parcl is built around.
The slowest housing market in decades is stretching into its fourth year, and even real-estate agents who made it this far are reaching a breaking point. https://t.co/e7Oglua5jy
Everyone has a take on housing.
It’s crashing. It’s fine. Your metro’s different. Rates save it. Rates kill it.
Put a price on your view.
Live U.S. housing markets on @Polymarket . National and metro. Up or down. Settled by Parcl.
Markets resolve June 30.
Your rent might be set by an algorithm.
In Dallas, roughly 1 in 12 rental listings shows signs of software-driven pricing, the highest share in the country. Phoenix, Atlanta, and Charlotte are close behind.
The metros where corporate landlords run deepest tend to be the same ones where pricing starts to look less human.
@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
Round 1: ~4,000 matched trades. $22M in volume. Fully onchain orderbook. For housing.
Most people still think those things do not belong in the same sentence.
Round 2 starts June 4. Devnet. Fees on. Trade with test USDC. Compete for a real $5K
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.
High housing costs pushed them to states where they could buy bigger homes, pay less and save more. One year later, was the move worth it?
https://t.co/G4BUGuz2S0
A “no down payment, 660 credit” mortgage isn’t affordability. It’s demand creation in a market already at ~5x median income.
Housing is the one asset everyone is forced to be long. Parcl is changing that.
“The housing market.”
There is no one market. There are dozens of them, each telling a different story.
NYC falling. Brooklyn rent climbing. Boston falling. The national index still sitting ~1.7% from ATH.
Which markets would you like to see next on V4?
Insurance is part of the risk stack.
That is why clean price exposure matters, and physical ownership should not be the only way to express a housing view.
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
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.
San Francisco has been the most-traded U.S. housing market on @Polymarket this month.
It resolves in 1 day. So do the other U.S. housing markets there. All of them settle on Parcl data