Houses On Stilts Don't Hold Their Zestimates, But Do Hold Their Water

Houses On Stilts Don’t Hold Their Zestimates, But Do Hold Their Water

I’m traveling today on business and haven’t been able to sit down and write this week’s Housing Notes so you get a reprieve! See you next week!

An unoccupied house on stilts in Rodanthe, North Carolina, as it collapses into the ocean this afternoon.
Was worth $381,200 according to Zillow. pic.twitter.com/RxkgOkBIv0

— Tolly Taylor (@TollyTaylor) May 10, 2022

Reads, Listens and Visuals I Enjoyed

• Staying put: Longtime homeowners who say they'll never move [Newsday]
• 2nd Look at Local Housing Markets in April; Inventory increasing, No Surge in New Listings [Calculated Risk Blog]
• Victims of Surfside Condo Collapse Reach $997 Million Settlement [Wall Street Journal]
• Refinance Boom Winds Down [Liberty Street Economics]
• Adjustable-rate mortgage demand surges to 14-year high, as homebuyers try to afford this pricey spring market [CNBC]
• The Mortgage Refi Boom Is Running Out [Wall Street Journal]
• Mortgage Originations by Credit Score and Age [Calculated Risk]
• Money Managers Are Swooping In to Fill Manhattan’s Office Void [Bloomberg]
• Housing Market: Where it's at. Where it's going. [Calculated Risk]
• Here's the story behind the viral Carlinville home listing featuring Michael Myers [State Journal-Register]
• Did NAR Just Raise Dues By $10 To Compete Against Its Own Members? [NotoriousROB]
• You Bought a House. Your Colleague Didn’t. It’s Still OK to Celebrate. [NY Times]
• US to seize $63m Los Angeles mansion it claims was bought with bribe money [The Guardian]
• More borrowers pay mortgage points, choose adjustable-rate mortgages [Newsday]
• The data will be closely watched for wage trends as the Fed tries to tame inflation. [NY Times]
• David Scharf Goes After Adam Leitman Bailey in Naftali Holdout Saga [The Real Deal]
• Site of Collapsed Surfside Condo Goes to Auction, Starting at $120M [Commercial Observer]

My New Content, Research and Mentions

• NYC Apartment Rents Soar To New Highs As Inventory Dwindles [Bisnow]
• Manhattan Rent Prices Surged at Record Rate in April [Mansion Global]
• Manhattan rents have never been this expensive [CNN]
• Apartment hunters facing record high rents this spring [Crain's New York]
• Discounted NYC Rents Hit Record Surge in April [The Real Deal]
• Manhattan Apartment Rents Hit Record With Intense Summer Ahead [Bloomberg]
• Luxury Realtors Joyce Rey, Debra Johnston, and More Give A Q1 Update On Their Markets [Haute Residence by Haute Living]
• 4 Tips to Manage Bidding Wars by Prospective Renters [Multi Housing News]
• Rising Mortgage Rates Cool City's Hot Co-op and Condo Market [Habitat]
• Contracts in Manhattan and Brooklyn Take Dip in April With Inventory Tightening [Mansion Global]
• Manhattan Housing Market Cools as Home Mortgage Rates Rise [The Real Deal]
• Federal Reserve raises interest rates to try to tame soaring inflation [CBS News]

Recently Published Elliman Market Reports

• Elliman Report: Manhattan, Brooklyn & Queens Rentals 4-2022 [Miller Samuel]
• Elliman Report: Colorado New Signed Contracts 4-2022 [Miller Samuel]
• Elliman Report: California New Signed Contracts 4-2022 [Miller Samuel]
• Elliman Report: Normandy Isles/Normandy Shores New Signed Contracts 4-2022 [Miller Samuel]
• Elliman Report: New York New Signed Contracts 4-2022 [Miller Samuel]
• Elliman Report: Florida New Signed Contracts 4-2022 [Miller Samuel]
• Elliman Report: Lighthouse Point Beach Sales 1Q 2022 [Miller Samuel]
• Elliman Report: Pompano Beach Sales 1Q 2022 [Miller Samuel]
• Elliman Report: Deerfield Beach Sales 1Q 2022 [Miller Samuel]
• Elliman Report: San Diego County Sales 1Q 2022 [Miller Samuel]

Real Estate Blockchain

• How much COVID misinformation is on Facebook? Its execs don’t want to know [Ars Technica]
• Facebook’s Apps Went Down. The World Saw How Much It Runs on Them. [NY Times]

Appraisal Related Reads

• The housing market has shifted [Ryan Lundquist/Sacramento Appraisal Blog]
• A Quick Look At The Birmingham Housing Market: First Quarter 2022 [Tom Horn/Birmingham Appraisal Blog]
• Appraisers Getting Death Threats for Defending the Appraisal Profession [Appraisers Blogs]
• Don’t get stuck on home prices… [Ryan Lundquist/Sacramento Appraisal Blog]
• What Happened to 'The Staircase' Home? HBO Series Explores Chilling Death at Infamous House [Realtor]
• South Dakota ethics board grinds forward on Noem complaints [Washington Post]
• Do We Need a Neighborhood Section? Part I [George Dell, SRA, MAI, ASA, CRE]
• April Newsletter- Markets Still Flying [DW Slater Company Blog]
• Judge Says Real Estate Giant Broke Rules for Trump [The Daily Beast]

Extra Curricular Reads

• Look Inside the Washington Square Arch [Untapped New York]
• Nobody Knows Anything, Kentucky Derby Edition – The Big Picture [Ritholtz]
• Opinion | ‘If Economists Are So Smart, Why Ain’t They Rich?’ [NY Times]
• The Secrets Ed Koch Carried [NY Times]
• Mechanical Watch [Bartosz Ciechanowski]
• Fun and games and a strong news cycle drive more growth at The New York Times [Poynter]
• My Investing Philosophy in a Nutshell – The Big Picture [Ritholtz]
• Where Lawns Are Outlawed (and Dug Up, and Carted Away) [NY Times]