Money, Wealth & Power—A Daily Look at the Financial World
Sean Dobson, CEO of Amherst, has issued a stark warning about the long-term consequences of pandemic economic policies on housing affordability. According to Dobson, the measures taken to combat the economic fallout from Covid-19 have likely rendered homeownership unattainable for an entire generation of Americans. This assessment highlights the enduring impact of these interventions, as…
In Miami, home sellers are increasingly opting to delist their properties rather than reduce prices, reflecting a broader national trend amid a cooling real estate market. As of July 2025, Miami leads the nation in delistings, with sellers choosing to pull their homes off the market due to stagnant buyer interest. This shift, where delistings…
In the ever-evolving real estate market, certain properties consistently face challenges when it comes to selling. A 2025 analysis by a real estate agent highlights four types of homes that are particularly difficult to move. Meanwhile, an LA real estate agent has identified the primary reason why residents of Pacific Palisades are hesitant to return,…
Billionaires‘ Row, a stretch of ultra-luxury residential towers along New York’s 57th Street, has become synonymous with opulence and exclusivity. These super-tall, super-skinny “pencil towers” cater to the world’s wealthiest individuals, offering sky-high prices and unparalleled amenities. Since the mid-2010s, developments like One57 and 432 Park Avenue have not only transformed Manhattan’s skyline but have…
In 2025, the U.S. housing market is experiencing a notable shift, with several major cities transitioning into buyer’s markets. This change is characterized by rising delistings and a surplus of unsold homes, signaling a slowdown in sales activity. As mortgage rates fluctuate, affordability challenges further complicate the landscape for potential buyers. This article examines five…
Blackstone, a leading global investment firm, is on the verge of acquiring the Four Seasons hotel in San Francisco for approximately $130 million. This potential acquisition highlights Blackstone’s strategic focus on expanding its portfolio with high-value real estate assets in major U.S. cities. The deal, initially reported by the Wall Street Journal, emphasizes the hotel’s…
New York’s rent stabilization laws have come under intense scrutiny as a new lawsuit claims these regulations are forcing landlords to leave apartments vacant. This legal challenge highlights the tension between property owners and the city’s efforts to maintain affordable housing. The lawsuit argues that the current rent laws are not only ineffective but also…
In recent years, a significant portion of baby boomers have found themselves unable to downsize from their large homes, despite owning a substantial share of the U.S. housing market. This phenomenon, often referred to as the “golden handcuffs,” is largely due to the low-interest mortgages they secured in the early 2020s. As a result, the…
In the month leading up to Zohran Mamdani’s historic NYC win, Manhattan rents jumped near a record high amid persistently low supply, exacerbating housing pressures in the borough. This surge occurred just before Mamdani’s victory on November 5, 2025, as detailed in recent analyses. The timing has heightened concerns among affluent residents, who are reportedly…
New York City is witnessing a notable trend in its real estate development: a surge in apartment buildings with exactly 99 units. This pattern is not a coincidence but a strategic move by developers to bypass certain regulatory requirements that apply to larger buildings. As this trend gains momentum, it raises concerns about the implications…