Giulia Carbonaro of Newsweek reports that President Donald Trump’s newly passed One Big Beautiful Bill Act promises benefits for high-income homeowners and real estate investors. The bill quadruples the SALT…
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Newsletter:
Mamdani NYC win impact on real estate
Andrew Rice of Curbed reports that Zohran Mamdani’s shock victory in New York City’s Democratic mayoral primary triggered a panic among the city’s elite, who had collectively backed Andrew Cuomo…
Builder sentiment and output reaching record lows
Darla Mercado of CNBC reports that the Federal Reserve held interest rates steady at 4.25%–4.5% last week, signaling a cautious stance amid growing concerns over stagflation and tariff-driven inflation. While…
Mom and pop investors on the rise
Kiri Blakeley of Realtor.com reports that investor activity held steady in 2024, with 13% of homes purchased by investors, just shy of the 2022 peak of 13.3%. Despite high home…
No rate cut in sight summer 2025
Courtenay Brown and Neil Irwin of Axios report that while May’s jobs report showed a headline gain of 139,000 payroll jobs, deeper metrics reveal a cooling labor market. Job growth…
Record 500,000 more sellers than buyers
Lily Katz and Asad Khan of Redfin report that the housing market now has 1.9 million active home listings against just 1.5 million buyers. This is an “unprecedented” 490,041-unit (34%)…
Why new home sales are booming
Sam Goldfarb of the Wall Street Journal writes that Treasury yields keep grinding higher, with the recent $16 billion 20-year auction drawing lukewarm demand and lifting benchmark rates to fresh…
Renter turnover drops to record lows
Orphe Divounguy of Zillow reports that nearly 50% of U.S. renter households are rent-burdened—spending over 30% of their income on rent—with disparities tied closely to race, gender, marital status, and…
2025 Q1 GDP Drops For First Time Since 2022
Claire Jones of the Financial Times reports that GDP dropped 0.3% in Q1 2025—its first contraction since 2022 and a sharp reversal from the prior quarter’s 2.4% growth. This was mainly because businesses rushed to…
