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We just shipped a completely new Parcl Research App.
This is a full rebuild. New categories, new use cases, and a very different way to explore housing data.
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Parcl Labs
4,798 posts
Parcl Labs
@ParclLabs
Real-Time Housing Price Feeds, Indices, and Market Intelligence | Trusted by CNBC, the WSJ, Polymarket, and more | Powering @Parcl
- Most housing data is superficial - no context on the drivers behind why supply or demand is acting the way it does. Our data system answers the hard questions in housing, simply.Dug deeper into the home buying class of 2022. Specifically looked at units that were financed with a mortgage to see who has negative equity. I repriced the homes in current value based on the zip codes price feed which gets us a very close estimate for current home value. Red
- Parcl Labs reposted
Coming soon - in depth analysis of whats going on with America's vacation home market. Early read - of vacation home listings, they are 30% more motivated to find buyers than a typical US listing rn. Stay tuned.
- Parcl Labs repostedNY just passed Mamdani's pied-a-terre tax. Everyone is asking who pays. We found them. We identified all 22,308 NYC condos and co-ops owned by people who live somewhere else, repriced every unit to today, and ran the tax against them. The target: $91.6 BILLION of real estate.
- Replying to @ParclLabsYou can read the full breakdown, every map, and the methodology 👇
- Replying to @ParclLabsAnd where do the owners actually live? 5,047 in the NY suburbs. 2,869 in Florida - Palm Beach to Naples. A New York tax whose checks get written from Florida.
- Replying to @ParclLabsHow did we assess market value? We used our daily updating NYC price feed, captured the index value at the time of each homes purchase, and multiplied it by the change in index value. A simple, accurate, non-subjective way to standardize assessments. Here's what the city would
- Replying to @ParclLabsPhase 2 (2028+) moves to market value and reaches every $5M+ unit: 2,710 owners. $812M per year - 60% above the city's own $500M projection. The quirk nobody noticed: the 8,651 units worth $1-5M, 43% of the entire pool, escape BOTH phases entirely.
- Replying to @ParclLabsPhase 1 (2026-28) keys off NYC's assessed values - roughly 10 cents on the market dollar. The result: just 1,511 owners pay. $341M per year. Median bill: $84,805.
- NY just passed Mamdani's pied-a-terre tax. Everyone is asking who pays. We found them. We identified all 22,308 NYC condos and co-ops owned by people who live somewhere else, repriced every unit to today, and ran the tax against them. The target: $91.6 BILLION of real estate.
- Parcl Labs repostedJUST IN: ACROSS ALL ACTIVE US HOUSING LISTINGS AS OF THIS MORNING, 1 IN 5 SELLERS WHO BOUGHT IN 2022-23 IS NOW ASKING LESS THAN THEY PAID The home buying class of 2022 bought at or near the top of the housing market. Today, 19% of them with a home on the market are listing at an
- Replying to @ParclLabsWhere accidental landlords are highest 👀 -- Ocala 18.5% -- Punta Gorda 17.7% -- Port St. Lucie 17.3% -- Myrtle Beach 17.1% Track accidental landlord share in your market:
- 6.9% of US rental listings now come from "accidental landlords" - owners who tried to sell, couldn't, and listed for rent instead In four metros it's closer to 1 in 5
