Capital Flows

Capital Flows

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Capital Flows
Macro Model For Real Estate: Educational Primer, Spreadsheet, and Report
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Macro Model For Real Estate: Educational Primer, Spreadsheet, and Report

The proper mapping of supply, demand, and credit in the US real estate market

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Capital Flows
May 29, 2025
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Capital Flows
Capital Flows
Macro Model For Real Estate: Educational Primer, Spreadsheet, and Report
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Big Picture:

In this report, I am going to provide 3 things: 1) A comprehensive primer for how to think about real estate from a macro perspective, 2) A real estate spreadsheet mapping supply, demand, credit, and how interest rates are impacting real estate, and 3) A real estate report breaking down WHERE we are right now.

My entire goal for this report is to set a foundation for high-quality decision-making. Most real estate research or content is noisy information with a ton of bearish bias instead of a structured framework around HOW to think about real estate and WHAT the distribution of probabilities is.

This TYPE of thinking is something I am always going to point you to:

Educational Primer:

This educational primer provides a clear picture of HOW to think about macro regimes, real estate, and specific housing data.

U
304KB ∙ PDF file
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Download

Real Estate Spreadsheet:

This spreadsheet pulls data from the FRED website so that you can seamlessly update anytime you want and have a clear view into WHAT is happening.

Capital Flows Real Estate Spreadsheet
4.21MB ∙ XLSX file
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Download

Real Estate Report For WHERE We Are:

This report explains WHERE we are in the macro regime and HOW real estate, mortgage rates, and incomes fit into this:

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