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Housing Market

SpaceX Employees Could Buy 2 in 5 San Antonio Homes With Their IPO Windfall

The massive IPO would create enough wealth for SpaceX employees to buy roughly 40% of all the homes in San Antonio, one of the closest major metros to where the company is headquartered. Or they could buy every single home in McAllen, located just 80 miles away from the SpaceX headquarters.  Alternatively, they could buy […]
Monthly Market Update

Rising Rates Stall Housing Market Momentum Just After Closed Home Sales Hit Highest Level Since 2022

Closed home sales jumped in May, reflecting April’s dipping mortgage rates and a strong labor market.  But pending home sales were flat, a real-time reflection of May’s rising mortgage rates and economic uncertainty, which dampened buyers’ appetites.  The Bay Area’s AI-fueled hot housing market contributed to the surge in closed sales, with double-digit sales upticks […]
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