Money, Wealth & Power—A Daily Look at the Financial World
Real estate professionals across the country say a growing mismatch between where homes are being permitted and where buyers need them is creating a distinct strain on the housing market. The concern centers on a geographic split: construction authorizations are concentrated in a handful of fast-growing regions while many high-demand coastal metros see comparatively less…
Renters are often described as vulnerable, squeezed by rising housing costs and the whims of landlords. Yet the same dynamics that expose renters to risk also reveal how central they are to the housing economy’s basic math. When renters recognize that dependence and organize around it, they can turn what looks like weakness into bargaining…
New York City Mayor Zohran Mamdani swept into office promising to tackle the housing crisis head on, with a signature vow to expand rental assistance for struggling tenants. Now, as budget pressure mounts, he is quietly edging away from that pledge, signaling a far more cautious approach to the CityFHEPS voucher program than his campaign…
California’s housing divide is now etched in one striking number: $9,100,000. That is what Gov. Gavin Newsom spent on a Bay Area mansion at a time when the state’s homelessness crisis and affordability crunch remain acute. The optics are jarring, but the purchase also highlights a deeper truth about California real estate: the same market…
In much of urban America, the math on housing has flipped. Monthly payments for a starter home now routinely overshoot comparable rents, turning what used to be a trade off between stability and flexibility into a straightforward cost gap. The result is a generation of would be buyers in big cities who can afford to…
In Minneapolis, a city already defined by hard conversations about safety and belonging, local leaders have quietly launched one of the country’s most targeted experiments in immigrant housing stability. Earlier this month, the Minneapolis City Council approved $1 million in rental assistance aimed squarely at families whose lives have been upended by intensified immigration enforcement,…
The 2026 housing market is shaping up less like a one-sided rout and more like a long, tactical bout where momentum shifts from round to round. After three years of suppressed activity and punishing borrowing costs, buyers are finally seeing more homes and slightly better terms, while sellers are adjusting to a world where overpricing…
In Washington, a short-term rental dispute that spiraled into a 13‑month standoff has ended with a blunt message from the bench: not every long‑term occupant is a tenant. A D.C. judge has ruled that an Airbnb guest who refused to leave had “no legal tenancy,” clearing the way for immediate eviction and energizing a national…
Bill Gates is quietly shrinking the footprint of Xanadu 2.0, the legendary lakefront estate that has long symbolized the upper limits of tech wealth. After years of assembling neighboring parcels into a single $132 million mega compound, he is now putting some of those homes back on the market, signaling a rare reversal in how…
The American dream has long been built around a 30-year mortgage, a starter home and the promise of building wealth through ownership. Billionaire investor Grant Cardone is arguing that era is ending, warning that the United States is drifting toward a future where renting is the norm and owning is a luxury. His prediction is…