Here in Canada, there is often a belief that Americans tend to be more mobile than Canadians. Don’t like the cold weather? Just move south. Taxes too high? Just move south. Housing too expensive? Just move south. But just how mobile is mobile? A new… Read More
When I was in Phoenix this past spring I noticed a number of people carrying their big dogs around. At first I wasn’t sure what was going on. I thought maybe the dogs were injured and couldn’t walk. But then it dawned on me that… Read More
So here’s the headline: More people are moving to Manhattan than before the pandemic. This is true. But an even more accurate description might be that New York City was losing people before the pandemic and it is still losing people. But things have rebounded… Read More
This past weekend I was reminded that Phoenix is largely what it is today — the 5th biggest city in the US — because of two very important things. Firstly, the city had to figure out water supply. About 50% of the city’s water supply… Read More
The postmortems surrounding Zillow’s exit from the algorithmic home-flipping business are starting to surface. Here’s an article from the WSJ and here’s Matt Levine’s take on it. The latter piece is very Levine-like and is called, “Zillow tried to make less money.” The obvious story… Read More
Things are happening in the algorithmic home-flipping business right now. A few weeks ago I wrote about Zillow pausing this part of its business. It was then later revealed that the company was set to take a loss on many/most of the homes that it… Read More
The New York Times recently published this interesting piece about Culdesac and the completely car-free community that they are building just east of Phoenix in Tempe, Arizona (a place that is not generally known for its walkability). Culdesac calls itself the first “post-car real estate… Read More
Algorithmic home buying companies (or iBuyers) have now started to expand into Los Angeles. If you recall, most of these companies started in smaller markets where the homes are more homogenous, relatively inexpensive, and generally less liquid. Places like Phoenix. By tackling the second largest… Read More
The Wall Street Journal estimates that, from now until about 2037, roughly 21 million homes in the United States will be vacated by seniors. To put this number into perspective, it’s about 25% of the US for-sale housing stock and more than double the amount… Read More
Phoenix is the 5th largest city in the United States. It has a city proper population of about 1.6 million people and a metro area population of close to 5 million. It is also one of the fastest growing cities in the US. But being… Read More
BRANDON DONNELLY 