deanwehrli
@deanwehrli.jbrec.com
Housing market analyst at John Burns Research and Consulting and host of New Home Insights podcast.
Sutter Capital is about to test the waters of office-to-residential with 38 apartments by Aggie Square's expanding medical footprint near Oak Park. Healthcare is a relatively healthy sector, so the cleverly named Residency is in a prime spot to prove the concept.
www.bizjournals.com/sacramento/n...
www.bizjournals.com/sacramento/n...
www.bizjournals.com
July 1, 2025 at 4:30 PM
Sutter Capital is about to test the waters of office-to-residential with 38 apartments by Aggie Square's expanding medical footprint near Oak Park. Healthcare is a relatively healthy sector, so the cleverly named Residency is in a prime spot to prove the concept.
www.bizjournals.com/sacramento/n...
www.bizjournals.com/sacramento/n...
Protecting California's will places is crucial, but CEQA was abused from the start. Though more reform is needed, as important as the impact of these tweaks is that they signal the state means it when it says it wants to put a dent in its housing crisis.
#realestate
www.nytimes.com/2025/06/30/u...
#realestate
www.nytimes.com/2025/06/30/u...
California Rolls Back Its Landmark Environmental Law
www.nytimes.com
July 1, 2025 at 4:25 PM
Protecting California's will places is crucial, but CEQA was abused from the start. Though more reform is needed, as important as the impact of these tweaks is that they signal the state means it when it says it wants to put a dent in its housing crisis.
#realestate
www.nytimes.com/2025/06/30/u...
#realestate
www.nytimes.com/2025/06/30/u...
Yes, California makes it hard to build (though getting better), but this article is a reminder of why the draw remains.
#siliconvalleyrealestate
www.bizjournals.com/sanjose/news...
#siliconvalleyrealestate
www.bizjournals.com/sanjose/news...
www.bizjournals.com
June 17, 2025 at 11:26 PM
Yes, California makes it hard to build (though getting better), but this article is a reminder of why the draw remains.
#siliconvalleyrealestate
www.bizjournals.com/sanjose/news...
#siliconvalleyrealestate
www.bizjournals.com/sanjose/news...
I've been to San Luis Obispo and other parts of the Central Coast quite a bit lately and think the region is an underrated housing market. Glad to see it getting some love from the rest of the world.
#slo #real-estate
www.sanluisobispo.com/news/local/a...
#slo #real-estate
www.sanluisobispo.com/news/local/a...
LinkedIn
This link will take you to a page that’s not on LinkedIn
lnkd.in
June 17, 2025 at 11:14 PM
I've been to San Luis Obispo and other parts of the Central Coast quite a bit lately and think the region is an underrated housing market. Glad to see it getting some love from the rest of the world.
#slo #real-estate
www.sanluisobispo.com/news/local/a...
#slo #real-estate
www.sanluisobispo.com/news/local/a...
And he is doubly wrong since the tariff laws in place were intended to give a president emergency tariff powers in exactly the kind of situation he notes.
Coping, seething, crying that the courts might take away his favorite toy, etc
June 1, 2025 at 6:09 PM
And he is doubly wrong since the tariff laws in place were intended to give a president emergency tariff powers in exactly the kind of situation he notes.
Only in California would they write up the closing of an "almost" 15 year old restaurant as if it's a tragic loss of a historical icon.
www.bizjournals.com/sanjose/news...
www.bizjournals.com/sanjose/news...
www.bizjournals.com
June 1, 2025 at 6:06 PM
Only in California would they write up the closing of an "almost" 15 year old restaurant as if it's a tragic loss of a historical icon.
www.bizjournals.com/sanjose/news...
www.bizjournals.com/sanjose/news...
Reposted by deanwehrli
Panic selling is rarely the right move. Housing markets respond to interest rates and local economics far more than presidents. Make decisions based on your needs, not headlines.
May 24, 2025 at 12:26 AM
Panic selling is rarely the right move. Housing markets respond to interest rates and local economics far more than presidents. Make decisions based on your needs, not headlines.
Buyers are so attuned to fluctuations in mortgage rates that even modest movements often have immediate impacts. With rates up again, builders, keep your buydown powder dry.
#housingmarket #mortgagerates
www.cnbc.com/2025/05/21/m...
#housingmarket #mortgagerates
www.cnbc.com/2025/05/21/m...
Mortgage demand drops after interest rates jump to the highest level since February
Mortgage demand, which had been gaining, fell back last week after interest rates rose to their highest level since February.
www.cnbc.com
May 23, 2025 at 5:17 PM
Buyers are so attuned to fluctuations in mortgage rates that even modest movements often have immediate impacts. With rates up again, builders, keep your buydown powder dry.
#housingmarket #mortgagerates
www.cnbc.com/2025/05/21/m...
#housingmarket #mortgagerates
www.cnbc.com/2025/05/21/m...
Part 2 of 2: This is more evidence that you have to keep your eye on supply because, particularly in mature markets, it is more stable than job growth or other demand indicators. Supply also lags demand even in growth markets so you can get these bursts of hotness.
www.zillow.com/research/mar...
www.zillow.com/research/mar...
Market Heat Index
www.zillow.com
February 9, 2025 at 11:01 PM
Part 2 of 2: This is more evidence that you have to keep your eye on supply because, particularly in mature markets, it is more stable than job growth or other demand indicators. Supply also lags demand even in growth markets so you can get these bursts of hotness.
www.zillow.com/research/mar...
www.zillow.com/research/mar...
Part 1 of 2: So the hottest housing markets are in California's hyper supply-constrained Bay Area and ... New York State? Buffalo especially is getting a lot of love these days (the Josh Allen Effect?).
www.zillow.com/research/mar...
www.zillow.com/research/mar...
Market Heat Index
www.zillow.com
February 9, 2025 at 11:01 PM
Part 1 of 2: So the hottest housing markets are in California's hyper supply-constrained Bay Area and ... New York State? Buffalo especially is getting a lot of love these days (the Josh Allen Effect?).
www.zillow.com/research/mar...
www.zillow.com/research/mar...
Great note. This later in life trend has been building for decades. Partly this is choice, particularly among women, but poor housing affordability post-Covid has had a huge impact.
The median age of first-time homebuyers hit 38 last year, up from 29 in 1981. It’s not the only milestone once common by 30 that’s now delayed.
While millennials face criticism for their choices, the truth lies in structural challenges today that didn’t exist for their parents in the 1980s.
While millennials face criticism for their choices, the truth lies in structural challenges today that didn’t exist for their parents in the 1980s.
January 5, 2025 at 6:00 PM
Great note. This later in life trend has been building for decades. Partly this is choice, particularly among women, but poor housing affordability post-Covid has had a huge impact.
Some will worry this will drive home prices down, but affordability has never been worse. Listings are up too but the more the better, we just need supply, period. There will be transitory pain, but the land market will correct.
Spokane passed a bunch of housing reforms recently—eliminating parking minimums, increasing height maximums, reducing lot minimums, allowing more missing middle, & expanding property tax exemptions for new multifamily projects—and now they're building record amounts of housing
December 31, 2024 at 9:58 PM
Some will worry this will drive home prices down, but affordability has never been worse. Listings are up too but the more the better, we just need supply, period. There will be transitory pain, but the land market will correct.
Reposted by deanwehrli
Spokane passed a bunch of housing reforms recently—eliminating parking minimums, increasing height maximums, reducing lot minimums, allowing more missing middle, & expanding property tax exemptions for new multifamily projects—and now they're building record amounts of housing
December 31, 2024 at 8:56 PM
Spokane passed a bunch of housing reforms recently—eliminating parking minimums, increasing height maximums, reducing lot minimums, allowing more missing middle, & expanding property tax exemptions for new multifamily projects—and now they're building record amounts of housing
Reposted by deanwehrli
the resist crew found my post about follow back farmers being a cancer and they are very upset
December 30, 2024 at 3:24 PM
the resist crew found my post about follow back farmers being a cancer and they are very upset
For sure, but the rise of investor purchases (many for short-term rentals) has made it harder to define a vacant unit.
Re: “6 vacant homes for every homeless person,” the relationship between vacancy, housing affordability, and homelessness is straightforward:
When housing demand increases relative to supply, vacancy rates drop and prices rise. When housing prices rise relative to incomes, homelessness rates go up.
When housing demand increases relative to supply, vacancy rates drop and prices rise. When housing prices rise relative to incomes, homelessness rates go up.
December 29, 2024 at 2:27 AM
For sure, but the rise of investor purchases (many for short-term rentals) has made it harder to define a vacant unit.
Reposted by deanwehrli
My favorite example of CEQA absurdity is how a judge ruled that “students are pollution” and therefore UC Berkeley had to rescind 5,000 acceptance letters.
I even wrote a full article about how absurd our “environmental review” laws are and how to fix them bettercities.substack.com/p/an-environ...
I even wrote a full article about how absurd our “environmental review” laws are and how to fix them bettercities.substack.com/p/an-environ...
December 28, 2024 at 11:03 PM
My favorite example of CEQA absurdity is how a judge ruled that “students are pollution” and therefore UC Berkeley had to rescind 5,000 acceptance letters.
I even wrote a full article about how absurd our “environmental review” laws are and how to fix them bettercities.substack.com/p/an-environ...
I even wrote a full article about how absurd our “environmental review” laws are and how to fix them bettercities.substack.com/p/an-environ...
Most price drop markets are in Florida and Texas. Long-term, pro-growth policies will still lead to more growth and lower prices, but gravity always wins and markets always cycle. #housing #realestate
www.resiclubanalytics.com/p/28-housing...
www.resiclubanalytics.com/p/28-housing...
28 housing markets where home prices are falling
Among the 250 largest metro area housing markets, 28 markets are seeing falling home prices on a year-over-year basis heading into 2025, according to ResiClub’s analysis.
www.resiclubanalytics.com
December 29, 2024 at 2:21 AM
Most price drop markets are in Florida and Texas. Long-term, pro-growth policies will still lead to more growth and lower prices, but gravity always wins and markets always cycle. #housing #realestate
www.resiclubanalytics.com/p/28-housing...
www.resiclubanalytics.com/p/28-housing...
Reposted by deanwehrli
You really don’t need to like corporate landlords or developers, but if you’re going to reject successful strategies to end homelessness because some of them might make money then I don’t know what to do with you.
Also struck by the implicit framing of enthusiastic market rate landlord participation as evidence of the program’s sinister intent, instead of as an advantage when trying to achieve the primary goal of ending homelessness.
December 28, 2024 at 11:44 PM
You really don’t need to like corporate landlords or developers, but if you’re going to reject successful strategies to end homelessness because some of them might make money then I don’t know what to do with you.
Agree. We all can find the space we prefer. There is no one size fits all.
I will never understand people who put a high value on convenient parking and driving but live in dense urban neighborhoods.
The auto-centric lifestyle you want is available to you at much lower cost in the suburbs!
The auto-centric lifestyle you want is available to you at much lower cost in the suburbs!
December 29, 2024 at 2:16 AM
Agree. We all can find the space we prefer. There is no one size fits all.
Connections are people making choices. You can stay connected anywhere these days. Walkability is a highly worthy goal and makes cities more livable, but walking by people on a sidewalk is not a "connection." Ask anyone living in NYC or any dense urban area.
“Loneliness and isolation can lead to: 29% increased risk of heart disease; 32% increased risk of stroke; 50% increased risk of developing dementia among older adults; and 60% increased risk of premature death.”
Surgeon General recommends designing cities to create more connections. #WalkableCities
Surgeon General recommends designing cities to create more connections. #WalkableCities
Walkable Neighborhoods Help Adults Socialize, Increase Community
Adults who live in walkable neighborhoods are more likely to socialize and have a stronger sense of community, report researchers at the UC San Diego Herbert Wertheim School of Public Health and Human...
today.ucsd.edu
December 22, 2024 at 9:13 PM
Connections are people making choices. You can stay connected anywhere these days. Walkability is a highly worthy goal and makes cities more livable, but walking by people on a sidewalk is not a "connection." Ask anyone living in NYC or any dense urban area.
Part 2 of 2
There is nothing wrong with growing at a sustainable pace. Be smart about building in new places and renew the old places. But without more homes California will never get a handle on high housing prices.
#realestate #housing
www.sfgate.com/california/a...
There is nothing wrong with growing at a sustainable pace. Be smart about building in new places and renew the old places. But without more homes California will never get a handle on high housing prices.
#realestate #housing
www.sfgate.com/california/a...
California defies exodus narrative again, new data shows
New population estimates from the U.S. Census Bureau show that California's population grew from 2023 to 2024.
www.sfgate.com
December 21, 2024 at 10:40 PM
Part 2 of 2
There is nothing wrong with growing at a sustainable pace. Be smart about building in new places and renew the old places. But without more homes California will never get a handle on high housing prices.
#realestate #housing
www.sfgate.com/california/a...
There is nothing wrong with growing at a sustainable pace. Be smart about building in new places and renew the old places. But without more homes California will never get a handle on high housing prices.
#realestate #housing
www.sfgate.com/california/a...
Part 1 of 2
The influx of Californians able to work from home made a big splash in places like Boise and Reno and Phoenix but was never more than a receding ripple in the Golden State. Now even that ripple has been reversed.
#realestate #housing
www.sfgate.com/california/a...
The influx of Californians able to work from home made a big splash in places like Boise and Reno and Phoenix but was never more than a receding ripple in the Golden State. Now even that ripple has been reversed.
#realestate #housing
www.sfgate.com/california/a...
California defies exodus narrative again, new data shows
New population estimates from the U.S. Census Bureau show that California's population grew from 2023 to 2024.
www.sfgate.com
December 21, 2024 at 10:30 PM
Part 1 of 2
The influx of Californians able to work from home made a big splash in places like Boise and Reno and Phoenix but was never more than a receding ripple in the Golden State. Now even that ripple has been reversed.
#realestate #housing
www.sfgate.com/california/a...
The influx of Californians able to work from home made a big splash in places like Boise and Reno and Phoenix but was never more than a receding ripple in the Golden State. Now even that ripple has been reversed.
#realestate #housing
www.sfgate.com/california/a...
This is more than a post-pandemic impact; the data also show that easy growth policies come with an eventual downside. Compare to California where polar opposite policies crush dreams. There needs to be a better middle way.
www.fastcompany.com/91250321/hou...
www.fastcompany.com/91250321/hou...
59 housing markets where inventory just signaled a power shift to buyers
Among the nation’s 400 largest housing markets, these 59 markets now have active housing inventory above 2019 pre-pandemic levels.
www.fastcompany.com
December 21, 2024 at 10:22 PM
This is more than a post-pandemic impact; the data also show that easy growth policies come with an eventual downside. Compare to California where polar opposite policies crush dreams. There needs to be a better middle way.
www.fastcompany.com/91250321/hou...
www.fastcompany.com/91250321/hou...
Reposted by deanwehrli
The NFIB small business survey surge is a lot of “Trump will be good for the economy,” not as much “I personally am going to expand/am feeling a boost”:
December 10, 2024 at 11:13 AM
The NFIB small business survey surge is a lot of “Trump will be good for the economy,” not as much “I personally am going to expand/am feeling a boost”: