For the First Time Ever, Renting Beats Buying Here
More than half of homeowners are locked into a rate under 4%, and an estimated 1.7 million home sales never happened because of it. Daniel Sosa, a mortgage broker who started in the business in 2007, tells Jerremy Alexander Newsome and Dave Conley he never charges the $1,300 to $2,500 in ancillar...
The Exact Playbook For Turning a No Into a Yes
Dave Conley presses Daniel Sosa on exactly who gets rejected versus approved. Daniel says anybody can eventually qualify for a home — the real question is credit profile and income, and credit-challenged buyers get a step-by-step plan instead of a flat no. He describes taking one client's credit ...
Inside the Housing Standoff Freezing 1.7 Million Sales (Full)
More than half of homeowners are locked into a rate under 4%, and an estimated 1.7 million home sales never happened because of it. Daniel Sosa has worked mortgages since 2007, when he watched Stockton become the foreclosure epicenter of the country. He tells Jerremy Alexander Newsome and Dave Co...
The Fed Hiked, the 10-Year Hit 5%, and Bitcoin Eyes $90,000
The ten-year Treasury just hit 5%, and the Fed hiked for the first time since 2023. Jerremy Alexander Newsome and Dave Conley walk through what that does: a weaker dollar, higher asset prices, Bitcoin at $84,836, and, in Jerremy's view, an 85% likelihood of a recession or depression within ten ye...
Nashville Approved Every Rezoning Request. Prices Exploded Anyway
Nashville approved every one of roughly 200 rezoning requests over two years and added about 75,000 housing units in a decade, and it is still net less dense than it was 25 years ago. Christopher Serkin says that's why he doubts looser zoning alone delivers affordability. Jerremy Alexander Newsom...
Housing Can't Be Both Affordable and a Good Investment
Housing can't be both affordable and a good investment. Christopher Serkin says that tension is the lesson the country forgot after 2008, when so many recent buyers lost everything. Jerremy Alexander Newsome and Dave Conley ask whether zoning is really the whole story. He says it's one problem am...
Who Should Decide How Fast Your Neighborhood Changes?
For roughly the first 85 to 90 years of zoning, the left and right split on it. Now they agree it's the problem. Christopher Serkin says that convergence makes him nervous, and he calls it the liberal-tarian consensus. Jerremy Alexander Newsome and Dave Conley ask who should decide how fast a nei...
Christopher Serkin: Why Zoning Reform Alone Won't Fix Housing (Full)
Nashville approved every one of roughly 200 rezoning requests over two years, added about 75,000 housing units in a decade, and is still net less dense than it was 25 years ago. Christopher Serkin uses that to argue looser zoning alone won't deliver affordability, and that homeowners associations...
29,000 Jobs, 7.28% Mortgages, and a Stock Market That Won't Quit
The economy added 29,000 jobs against 90,000 expected, and the Nasdaq is still at all-time highs. Jerremy Alexander Newsome says the 10-year Treasury rose a fifth straight week to 5.277%, pushing the 30-year mortgage to 7.28%, the highest since 2023, and he thinks double-digit mortgage rates coul...
