Money, Wealth & Power—A Daily Look at the Financial World
When sellers push their asking price too far above market reality, the market usually pushes back, and the cost of that misstep tends to land squarely on the owner’s shoulders. I see the same pattern repeat: a home debuts with fanfare, sits as buyers move on to better‑priced options, then eventually sells for less than…
Portable mortgages are moving from obscure policy idea to front-page housing fix, promising to let owners carry their 3% loans into their next home instead of giving them up. The pitch is simple: if you could move without trading a rock-bottom rate for something closer to 7%, the frozen housing market might finally thaw. The…
Economist Peter Schiff has a blunt message for investors who still trust yesterday’s safe havens: the very assets meant to protect portfolios could now be the ones inflicting the deepest damage. His warnings span bonds, cash and crypto, and together they sketch a picture of markets where inflation, rising rates and speculative excess are reshaping…
America’s housing market is colliding with one of the biggest demographic pivots in decades, as aging baby boomers, stretched millennials, and a fast-growing Gen Z all try to claim homes that are in short supply. The result is not just higher prices, but a structural reshaping of who owns, who rents, and where new construction…
Housing costs are crushing household budgets, and the usual lever in Washington, interest rate policy, cannot repair the structural shortage of homes for sale and rent. The Federal Reserve can influence borrowing costs, but it cannot rezone land, build apartments, or rewrite tax law. That leaves the White House, working with Congress and federal agencies,…
Home values are slipping across the country, and the pullback is no longer confined to a few overheated neighborhoods. More than half of U.S. properties have given up ground over the past year, and in some once red-hot metros, the share of homes losing value is so high it amounts to a near wipeout for…
Foreclosure activity is climbing again, a clear sign that the financial strain built up during the past few years is finally breaking through the surface of the housing market. A 19 percent jump in filings is not yet a repeat of the last housing crash, but it is a sharp enough move to signal that…
Wall Street is confronting a cyber incident that cuts to the core of how modern finance actually runs, through sprawling data vendors that sit between banks and the real economy. A hack at a major real estate technology provider has forced some of the biggest lenders in the United States to trace where their information…
New and used vehicles are now so expensive that a basic trip to the dealership can feel like a luxury purchase rather than a routine necessity. Sticker prices on mainstream models have climbed to historic levels, and the cost of financing has risen alongside them, leaving buyers squeezed from every angle. I am seeing a…
In some of the country’s priciest ZIP codes, buyers are now wiring seven and eight figures for nothing more than dirt, treating vacant parcels as luxury assets in their own right. The spectacle of record-breaking prices for empty land is colliding with a worsening housing shortage, and the contrast is fueling anger far beyond the…