Ya think it's easy?

“It’s a brave new world at the dog park. Have fun – but watch where you step.”

Redfin has more home-price ballyhoo this morning, but it answers none of my standing questions:

  • Where is all this new demand coming from, and what so-far undocumented vacancy is it leaving behind?
  • What is happening to real estate values in the core – not the ring suburbs – of the rioted cities?
  • And while we’re about it, what is a “home” to Redfin in articles like these: Any ownable domicile or just single-family detached residences on bucolic, fee-simple suburban lots?

Lots of new puppies last year, but almost no new babies. If the balloon is bulging for puppy-perfect housing, it is being squeezed somewhere. Redfin knows the answers to my questions – and they can’t just be my concerns. It would be nice if someone were to tell the whole truth.

In other news:

Housing Wire: Pending home sales rebound in March.

Redfin: Newly Built Homes Make Up 26% of All Single-Family Homes for Sale—A Record High.

Michael Tracey: One Year After George Floyd, Minneapolis Is “Murderapolis” Again.

Architectural Digest: This Artist Faked Being a Billionaire to Photograph New York City’s Best Views.