Real estate reporter for @HoustonChron and host of the Looped In podcast. Got an idea for a show, or just wanna say hi? Contact me at firstname.lastname@example.org.
Amenity disconnect? "We've had several houses this year come to market with helicopter pads. It's illegal to privately fly a helicopter in Los Angeles. And night clubs. If you wanna go to night clubs you go to a night club, not your house!" -@MikeTheAgencyRE #Luxury #NAREE18
"When we started @TheAgencyRE, there was maybe five homes above $20 million. Now they’re commonplace. I think there are 50 on the market right now in LA." -@MikeTheAgencyRE #NAREE18
"Luxury means being able to walk to a grocery store, it means marble counter tops, a pool. It means so many things it’s meaningless." -Mike Leipart, @TheAgencyRE on #NAREE18 luxury home panel.
@nsarnoff @realtordotcom I believe it. Oil is booming. Hotel rooms in Midland are like $300 night by the airport. It's crazy.
"We consider this the most competitive home buying season in recorded history." Why? The mills. "They’re aging into peak home buying years. I like to call 2020 “peak millennial." -Danielle Hale, @realtordotcom at #NAREE18
Mortgage rates will rise to 5.1 percent by the end of 2019, the highest in five years, @CoreLogicInc forecasts. "The erosion of affordability continues." #NAREE18
"Texas has been a huge repository of companies," -Robert Hart, TruAmerica Multifamily #NAREE18
Companies are relocating entirely or moving divisions to more cheaper markets. "Goldman Sachs has huge back office in Salt Lake City. Las Vegas has been a real repository of migration for people looking for more affordable housing." -Robert Hart, @truamericamulti #NAREE18
“It’s not just in a few cities. It’s almost everywhere.” Today’s #NAREE18 panel on multifamily focuses on of the conference’s main themes: affordability.