Opendoor, Dairy Central, Housing Expenditures

A few stories of micro and macro interest to break up the week.

• Chris Suarez at the Daily Progress – Dairy Central moving forward. This is going to be a transformative project on the Preston Avenue corridor. Lots going on here, and if you haven’t been to the redone Shenandoah Joe’s, you need to stop by.
• Allison Wrabel at Daily Progress – Albemarle supervisors to consider changing permitting in rural area. Albemarle’s continuing struggles with managing its rural, urban, and overlapping identities.
• At the Big Picture – Housing & Expenditures: Before, During, and After the Bubble.
• Opendoor continues to blow the doors off their market segment. Opendoor Raises $325 Million to Expand Homebuying to 50 Markets. Lennar’s investment is intriguing. Interesting Twitter thread on this here. This is a fascinating, and exceptionally well-funded market segment. It’s going to be interesting to see it’s effects on the market, and on how market value is determined … and perceived.
• Sacramento’s inventory is up 30% YoY. I’m going to dig into this soon for the Charlottesville area.
• More from Calculated Risk – Housing Inventory Tracking: The Bottom Turn. Every market is cyclical. Are we near the top? Maybe.