Trump floats a 50-year mortgage proposal

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⚡ Snapshot: The 7/6 SOFR ARM was the only loan type to dip slightly (-0.02%), while most fixed-rate loans ticked modestly upward.

T-bill flood tightens money markets, reserves near breaking point link

• Bank reserves have fallen roughly $650B since mid-2024, dropping from $3.45T to $2.8T, as heavy T-bill issuance soaks up liquidity. Spreads between SOFR and the Fed’s IORB rate have climbed as high as +0.30 ppt, signaling stress.

• The Treasury General Account has ballooned during the government shutdown, delaying federal spending and draining liquidity from banks.

• Money market funds are shifting out of the Fed’s reverse repo facility into higher-yielding T-bills, creating short-term rate spikes and signs of stress in funding markets.

My take: Funding markets are flashing early warning signs. If reserves tighten further, credit spreads could follow, bringing volatility to both debt and real-estate financing costs.

Trump floats 50-year mortgage, affordability fix or debt trap? link

• A 50-year mortgage would cut monthly payments by about $160 on a $400,000 loan compared to a 30-year term, helping buyers stretch budgets but slowing equity growth.

• The plan clashes with Dodd-Frank rules, which cap Qualified Mortgages at 30 years, meaning lenders would need to issue it as a higher-risk, higher-rate non-QM loan.

• Analysts caution it could fuel demand without fixing supply, risking a repeat of pre-2008 dynamics where cheap credit masked affordability issues.

My take: It sounds good for buyers struggling with payments, but stretching loans that long could just kick the affordability problem further down the road.

Opportunity Zones double up, 10 markets post 90–100% annual price growth link

• Lee County, FL is the standout, with median price jumping from $450,000 in Q3 2024 to $890,000 in Q3 2025, almost a full double inside an OZ.

• Smaller Southern and Midwest counties also posted outsized gains, for example Milwaukee County, WI rose from $135,000 to $264,000, Philadelphia County, PA from $100,000 to $195,000, and East Baton Rouge, LA from $80,000 to $155,000, showing this is not just a Florida story.

• Several Deep South Georgia tracts, including Laurens County ($90,000 to $177,449) and Clay County ($80,500 to $157,451), nearly doubled off a low base, which signals investors are targeting sub $200,000 OZ stock where value add and repositioning math still works.

My take: For brokers, this is your OZ hit list for 2026 outreach. For investors, these are proof points that well located OZ tracts can track or beat broader market appreciation even while staying below national medians.

Logistics real estate absorption up 64% but demand still lagging link

• Net absorption hit 47 million square feet in Q3 2025, up 64% from Q2, but still shy of the 59 million-square-foot norm, signaling early recovery rather than full rebound.

• Utilization averaged 84% through Q3, nearing 85% in October, with manufacturers and wholesalers driving activity as retailers held back ahead of the holidays.

• Construction starts remain below pre-pandemic averages as developers pull back amid tighter margins, land scarcity and new regulatory hurdles, keeping vacancy stable around 7%.

My take: Feels like the industrial market has stopped falling and is starting to crawl back. If consumption picks up and new builds stay muted, landlords could regain pricing power by early 2026.

Dallas-Fort Worth office market steadies, $2.2B in sales keeps it among top U.S. metros link

• DFW’s office vacancy fell to 22.2% in September, down 60 bps YoY, with visits now only 15.4% below 2019 levels, signaling a slow but real recovery in tenant demand.

• The metro logged $2.2 billion in office sales year-to-date, ranking fourth nationally, with prices averaging $296 per square foot—well above the U.S. average of $195.

• Development slowed sharply to 2.6 million square feet under construction, a 26% annual drop, but still ranks third nationally as new builds like Chalk Hill and 23Springs reshape Uptown Dallas.

My take: DFW is proving it can bend without breaking. Leasing is stabilizing, pricing remains strong, and disciplined construction could set the stage for a healthier rebound.

Indianapolis hits cooling phase, 56% of listings slash prices as inventory jumps link

• More than half of active listings (55.8%) cut asking prices by late October, the highest share in years, as sellers adjust to slower absorption of just 512 homes per week.

• Active inventory rose 27% year-over-year to 5,509 homes, while median list prices held near $339,500, up only 1.3%, suggesting sellers are holding headline prices but conceding quietly.

• Homes now take a median of 49 days to sell versus 42 last year, with 2.6 months of supply marking a shift toward more balanced conditions.

Tool of the day: Realmo

AI-powered platform for commercial real estate that analyzes properties to reveal value, pricing, and location insights.

AI Now Tops Real Estate Tech Budgets, Says JLL Survey link

JLL’s 2025 Global Real Estate Technology Survey shows 88% of investors and 92% of occupiers are piloting AI, averaging five use cases each. Despite low maturity, 87% reported tech budget increases driven by AI, marking a pivot from efficiency to long-term value creation. JLL warns that over 60% of investors remain unprepared, risking competitiveness as AI leaders widen the gap.

Tokenized Real Estate Could Unlock $1 Trillion in Liquidity by 2030 link

Mahesh Chand explains how real-world asset (RWA) tokenization is transforming property ownership by converting real estate into blockchain-based digital tokens that can be traded globally. Platforms like RealT and Lofty AI already enable fractional ownership and daily rent payouts, signaling early adoption.

AI Startup Digs Raises $19M to Build Digital Twins for Homes link

Business Insider’s Geoff Weiss reports that Vancouver-based Digs raised $19.1 million to simplify home construction and warranty management using AI. Its platform creates digital twins of homes, preserving build data and enabling smarter maintenance post-construction. With nearly 10,000 homes onboard and backing from SPLY Capital, Digs plans to expand sales and reach cash flow positivity by next year.

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Why a mid-priced New England market keeps topping national housing rankings

The surprising mortgage offer builders are using to pull buyers back in

What 725,000 rented apartments reveal about the next multifamily cycle

The overlooked industrial niche where one firm is quietly building a $70M play

Ranked: Countries That Use the Most Cash in 2025

A 17th Century Dutch Home

Link to the listing

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Vidit

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