Money, Wealth & Power—A Daily Look at the Financial World
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…
Mark Zuckerberg is adding a new trophy address to his already sprawling real estate portfolio, this time on Miami’s ultra-exclusive Indian Creek island. The waterfront mansion, on nearly two acres with wraparound terraces, a private dock, and a resort-style pool, is expected by local agents to command somewhere between $150 million and $200 million. The…
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…
Homebuyers are not just hesitating, they are walking away from signed contracts at a pace that is reshaping the housing market’s basic rules. In December, more than 40,000 purchase agreements were canceled, equal to 16.3% of homes that went under contract, the highest share since this data started being tracked in 2017. That surge in…
In 2026, the choice between owning and renting is less about lifestyle labels and more about which path actually builds net worth after all the fees, taxes and market swings are accounted for. Home values and rents are both rising, but not at the same pace everywhere, and the gap between a starter mortgage and…
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…
Tax deed sales sit at the intersection of local tax enforcement and real estate investing, offering investors a path to acquire property when owners fall behind on taxes. Done well, these auctions can deliver discounted purchases and strong returns, but the process is legalistic, unforgiving and very different from a typical home sale. To understand…
In a city where real estate giants dominate the skyline, the most fragile part of New York’s housing system is suddenly at the center of a political storm. Small NYC landlords, many of them families with just a few units, say they are being squeezed to the edge by Mayor Zohran Mamdani’s aggressive tenant-first agenda…
Bill Gates has quietly put a slice of his Medina, Washington, holdings on the market, listing a waterfront-adjacent home for $4.8 million just steps from his primary compound. The move offers a rare glimpse into how one of the world’s most closely watched billionaires manages real estate around a property that has long fascinated both…