Pieces you can send to your partners.
Deeper essays on the housing market — what’s driving prices, where correction is coming, what we got right and wrong. Longer than the weekly briefings at /notes, shorter than a white paper. Free. Backed by public data.
Why your insurance bill is setting the price of Florida homes
Homeowners' premiums jumped 23% nationally since 2022 — but Florida and California took almost all of it. For buyers the monthly housing payment is now 2.8 points higher as a share of income, and transaction volumes and prices are bending in 27 metros. Here's which ones, and what we think happens next.
When cities relax zoning, what happens to prices?
Minneapolis, Portland, and Austin all loosened zoning in the last few years — three real-world experiments you can actually measure. Early supply responses suggest meaningful price impact over a five-year horizon. Useful if you're betting on markets where policy can unlock new supply.