New York Bill Would Void HOA Bans on Pollinator and Native Gardens
A 10102 passed both New York chambers and went to the governor Nov. 13. It would void HOA rules that effectively ban native, rain or pollinator gardens.


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A 10102 passed both New York chambers and went to the governor Nov. 13. It would void HOA rules that effectively ban native, rain or pollinator gardens.
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Nov 14 · 1:32 PM PTU.S.FinanceBuild-to-Rent Sales Fall 51.5% as Operators Wait on Treasury RulesBuild-to-rent community sales fell 51.5% year over year in Q3, NAA data show, as operators told HousingWire that draft Treasury rules keep capital wary. Read full story →
Nov 14 · 11:18 AM PTSan Jose, CARentalsSanta Clara Staff Drop Replacement-Housing Ordinance, Apply State LawSanta Clara planning staff will enforce state replacement-housing and tenant-protection law through an application form, not a new local ordinance. Read full story →
Inflation Tops Forecasts While Home Sales Sink to a 2010 LowNov 14 · 8:36 AM PTU.S.Market Data
Advanced Real Estate Takes On a 3.11% Loan in $56.2M Apartment DealNov 14 · 8:14 AM PTRiverside, CAFinance
Sacramento Vote Would End 90-Day Rental Cap for ADUs Where Hosts LiveNov 14 · 7:13 AM PTSacramento, CARentals
Nov 13U.S.Market DataHome-Building Input Prices Up 10.4% on Year; Materials Up 5.8%Prices for home-building inputs rose 10.4% in the year to October. Materials rose 5.8%, energy 64.8%, NAHB's analysis of BLS producer-price data shows. Read full story →
Nov 13Austin, TXFinanceJay Paul Refinances Austin Office Campus With $227.5M C-PACE LoanNuveen Green Capital's $227.5M C-PACE loan refinances construction debt on the 881,427 sq ft Springdale Green campus, Commercial Observer reported. Read full story →
MAA's New-Lease Rents Fell 6% as Coastal REITs Raised GuidanceNov 13Several MarketsRentals
Nov 12U.S.Market DataExisting-Home Sales Sink to 3.75M Pace, Lowest Since 2010, NAR SaysNAR says October existing-home sales fell 5.5% to a 3.75 million annual pace, the lowest since August 2010, as supply rose to 5.1 months. Read full story →
Nov 12U.S.FinanceBlackstone Seeks at Least $3B to Buy Stakes in Real Estate FundsBlackstone's Strategic Partners is targeting at least $3 billion to buy stakes in core real estate funds below net asset value, Bloomberg reported. Read full story →Create a Free Account
This Week's Data
Most Covered This Week
On Zillow, Redfin, Realtor.com and Homes.com, with break-even rent on Zillow search results: cap rate · cash-on-cash · DSCR
Market Data
What borrowing costs today, where rent pays the most against price, and the lines that frame both.
Source for the 30-year rate: Freddie Mac Primary Mortgage Market Survey. Every other figure names its own source and date.
The 30-year rate is 1.96 points above the 10-year yield. The historical norm is about 1.7 points. That extra spread is what lenders charge for risk.
| Date | 30-Yr Mortgage | 10-Yr Treasury | Gap |
|---|---|---|---|
| May 14, 2026 | 6.36% | 4.47% | 1.89 pp |
| Jun 4, 2026 | 6.48% | 4.47% | 2.01 pp |
| Jul 2, 2026 | 6.43% | 4.49% | 1.94 pp |
| Aug 6, 2026 | 6.69% | 4.69% | 2.00 pp |
| Sep 3, 2026 | 6.71% | 4.77% | 1.94 pp |
| Oct 1, 2026 | 7.28% | 5.24% | 2.04 pp |
| Nov 12, 2026 | 7.11% | 5.10% | 2.01 pp |
Source: Freddie Mac Primary Mortgage Market Survey (Nov 12, 2026) · U.S. Treasury 10-year yield (Nov 13, 2026).
Each bar runs from the 5-year low to the 5-year high. The filled dot is today; the ring, where shown, is six months ago.
| Measure | 5-Yr Low | Latest | 5-Yr High | As Of |
|---|---|---|---|---|
| 30-Yr Mortgage | 3.05% | 7.11% | 7.79% | Nov 12, 2026 |
| FHFA Home Price Index | 353 | 450 | 452 | Aug 1, 2026 |
| Fed Funds Rate | 0.08% | 3.88% | 5.33% | Oct 1, 2026 |
| Unemployment | 3.4% | 4.1% | 4.5% | Oct 1, 2026 |
| Housing Starts (K) | 1,182 | 1,221 | 1,807 | Sep 1, 2026 |
Freddie Mac · Census · BLS · FHFA · NY Fed · trailing 5 years to Nov 12, 2026.
Cap rate proxy: a year of HUD Fair Market Rent on a three-bedroom home, less 50% for operating costs, divided by the home value. Darker tiles yield more. Tap a state to open its page.
| State | Cap Rate |
|---|---|
| Illinois | 3.9% |
| West Virginia | 3.7% |
| Delaware | 3.6% |
| New Jersey | 3.6% |
| Florida | 3.6% |
| Iowa | 3.4% |
| Indiana | 3.4% |
| Oklahoma | 3.4% |
| Michigan | 3.4% |
| Texas | 3.4% |
| Pennsylvania | 3.4% |
| Maryland | 3.3% |
| Nebraska | 3.3% |
| Vermont | 3.3% |
| Louisiana | 3.3% |
| Minnesota | 3.3% |
| Mississippi | 3.3% |
| Missouri | 3.3% |
| Kansas | 3.3% |
| Maine | 3.2% |
| Arkansas | 3.2% |
| Connecticut | 3.1% |
| Kentucky | 3.1% |
| Virginia | 3.1% |
| Alabama | 3.1% |
| Georgia | 3.1% |
| South Carolina | 3.0% |
| District of Columbia | 3.0% |
| Massachusetts | 3.0% |
| South Dakota | 2.9% |
| Arizona | 2.9% |
| North Carolina | 2.9% |
| Alaska | 2.9% |
| New York | 2.9% |
| New Mexico | 2.9% |
| Nevada | 2.9% |
| New Hampshire | 2.8% |
| Tennessee | 2.8% |
| Colorado | 2.8% |
| Rhode Island | 2.8% |
| Montana | 2.8% |
| Oregon | 2.8% |
| Ohio | 2.7% |
| Wisconsin | 2.7% |
| North Dakota | 2.6% |
| Washington | 2.6% |
| Hawaii | 2.6% |
| Idaho | 2.5% |
| California | 2.5% |
| Wyoming | 2.5% |
| Utah | 2.3% |
HUD Fair Market Rents (FY 2027) and ZIP-level home values · Nov 14, 2026. State figures weight each metro by population. Tiles are a grid, not geography.
The same measure as the state map, in metros over 250,000 people. It compares rent with price and does not say where to buy.
| Metro | Cap Rate |
|---|---|
| Peoria, IL | 4.8% |
| Scranton-Wilkes-Barre, PA | 4.1% |
| Cape Coral-Fort Myers, FL | 4.1% |
| Lakeland-Winter Haven, FL | 4.0% |
| North Port-Bradenton-Sarasota, FL | 4.0% |
| Port St. Lucie, FL | 4.0% |
| Davenport-Moline-Rock Island, IA-IL | 3.9% |
| Lubbock, TX | 3.9% |
| Fayetteville, NC | 3.9% |
| Syracuse, NY | 3.9% |
HUD Fair Market Rents (FY 2027) and ZIP-level home values · Nov 14, 2026.
Fastest five-year home price growth among metros over 250,000 people. Bars start at zero.
| # | Metro | 5-Yr Price Growth |
|---|---|---|
| 1 | Atlantic City-Hammonton, NJ | 68.9% |
| 2 | Trenton-Princeton, NJ | 64.1% |
| 3 | Syracuse, NY | 64.1% |
| 4 | Rockford, IL | 63.8% |
| 5 | Knoxville, TN | 63.5% |
| 6 | Savannah, GA | 63.5% |
| 7 | Rochester, NY | 61.9% |
| 8 | Charleston-North Charleston, SC | 61.6% |
FHFA House Price Index · 5-year change · 2026 Q2.
Composite of serious delinquency, entrenched stress, forbearance and REO share. Top 8 states, 2025 Q4.
| State | Index | Reading |
|---|---|---|
| Louisiana | 30.0 | Elevated |
| West Virginia | 29.1 | Moderate |
| District of Columbia | 28.8 | Moderate |
| Mississippi | 25.6 | Moderate |
| Alabama | 18.4 | Moderate |
| Maryland | 17.5 | Low |
| Texas | 17.5 | Low |
| Illinois | 17.5 | Low |
Fannie Mae and Freddie Mac loan data, REI Prime index · quarterly, 2025 Q4.
Meters show where a reading sits against the line that matters.
Elevated. Lenders are pricing in extra risk beyond the Treasury move.
Builders hold more inventory than buyers are absorbing.
A typical all-cash yield sits well below the cost of debt, so leverage costs you cash flow unless rents or price terms beat the average.
Freddie Mac PMMS (Nov 12, 2026) · U.S. Treasury 10-year (Nov 13, 2026) · Census New Residential Sales (Sep 2026) · HUD Fair Market Rents (FY 2027) and ZIP-level home values · Nov 14, 2026.
A rent roll is the seller's summary of the rent. Read it against the leases, bank deposits, tenant estoppels and the deposit ledger before you buy a duplex.
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Second edition, updated for 2026. Follow one investor from a layoff scare to five units in 24 months, on a $78,000 salary and without quitting his job. Then run the same five PRIME phases on your first deal.
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Research12 min readHow to Analyze the Housing Market: The Investor's Guide to Federal Data and Market Cycles
Manage2–4 weeksThe Tenant Screening System That Reduced Our Vacancy Rate to 2.1%
Expand1.5–2 hoursPortfolio Scaling and 1031 Exchanges: Growing Beyond Your First Few Properties
View allAll guides→Analysis for investors who want substance, not hype.
Invest9 min read · Nov 13How to Read a Rent Roll Before You Buy a Duplex: The Four Documents That Prove the Rent
Invest9 min read · Nov 10Duplex and Fourplex Market 2026: Where 2–4 Units Sell Below List and Houses Don't
Invest8 min read · Nov 8Gross Rent Multiplier for a Duplex: Why the Same GRM Can Be Two Different Deals
View allAll articles→Real-stakes scenarios. Pick a side, then defend your call.
Intermediate6 min read · Nov 13Your Lender Won't Close in Your LLC. Which Way Do You Buy?
Intermediate5 min read · Nov 11The Inspection Found a $14,000 Sewer Line. Price Cut, Credit, or Seller Fix?
Intermediate6 min read · Nov 9Your Seller Wants to Stay 60 Days After Closing. Yes, No, or Close Later?
View allAll scenarios→Bite-sized episodes on mindset, strategy and market moves.
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