The Perception GapThere is a version of America that lives on your feed. Population is fleeing to a handful of Sun Belt cities, everywhere else is dying, and the only real estate...
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The Vacation Home Paradox: Who’s Left to Run These Towns?
Nantucket just posted a 55% vacation home share. Half the housing stock on that island sits empty most of the year, waiting for a few weeks of use each summer. The median listing...
The Vacation Home Paradox: Who’s Left to Run These Towns?
Nantucket just posted a 55% vacation home share. Half the housing stock on that island sits empty most of the year, waiting for a few weeks of use each summer. The median listing...
Miami Just Got More Expensive Than New York, and That’s Bad News for Miami
I’ve been watching this number for a while, and I want to be direct about what it means. This isn’t a Miami story. It’s a New York story that’s playing out through Miami’s...
The Rebalancing Is Here, and It Looks Exactly Like We Said It Would
I have spent more than 25 years building, lending, and investing across housing markets, from my start in Detroit in 1992 to the work my firms are doing today in Vermont,...
New York’s Data Center Moratorium Is a Panic Response to a Solvable Problem
On Tuesday, New York became the first state in the country to freeze new data center construction outright. Governor Kathy Hochul signed an executive order imposing a one-year...
Congress Passed the Biggest Housing Bill in Decades. The President Let It Become Law By Doing Nothing.
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You have Seen the Hints. Here Comes the Story.
I dropped a teaser on Instagram today for a new mountain resort concept we have been developing, and I wanted subscribers to hear the reasoning before the marketing.Regular...
The Procurement Window Is Closing: What Rising Construction Costs Mean for Owners in 2026
I have spent more than 25 years on job sites, in lender meetings, and across the table from general contractors, and I can tell you the current cost environment is not a blip. It...






