Money, Wealth & Power—A Daily Look at the Financial World
U.S. home prices have finally dipped into the red after two years of relentless gains, reviving memories of the last time the market cracked in spectacular fashion. The shift has stirred fresh talk of a 2008-style collapse, but the data and expert forecasts point to a very different kind of downturn. I see a market…
Austin’s once white-hot housing market has cooled so sharply that some agents now complain their listings just sit, and a few have started grumbling about a “Rogan effect,” arguing that the city’s most famous transplant helped inflate expectations on the way up and is now a symbol of the comedown. The reality is more complicated….
Americans are still on the move in 2026, but the pandemic-era free‑for‑all has settled into a clearer pattern of winners and losers. A handful of Sun Belt and Mountain West destinations are pulling in new residents with cheaper housing, jobs and lifestyle perks, while a different set of high‑cost or slow‑growth states are watching more…
The era of rock-bottom pandemic mortgages is finally giving way to something more familiar, and for many homeowners the shift is jarring. After years of clinging to 2% and 3% loans, the typical new 30‑year rate is now hovering around 6%, with some offers dipping just under that line. The surprise is not only that…
Homeowners across the United States are cutting asking prices by roughly $25,000 to get deals done, a sharp reversal from the bidding wars of just a few years ago. For anyone hoping to move in 2026, that shift is more than a headline, it is a signal that leverage is finally starting to tilt back…
New York City Mayor Zohran Mamdani swept into office promising an aggressive housing agenda, from a sweeping rent freeze to a crackdown on what he cast as a “rent ripoff.” Now a yawning budget gap has forced him to slam the brakes on that push just as expectations from tenants and landlords peak. The collision…
Tesla has stopped pretending that selling ever more cars is its main mission, and the market is scrambling to reprice what that means. After years of chasing volume at almost any cost, the company is now openly prioritizing margins, artificial intelligence and robotics over raw delivery growth, just as its electric vehicle sales stumble and…
New York’s real estate investment trusts are suddenly on the defensive, as investors digest the prospect of a new wealth tax aimed squarely at the city’s richest residents. The selloff reflects more than a bad day in the market, it is a referendum on whether the city can plug a multibillion dollar budget gap by…
Southern housing markets that overheated during the pandemic are now facing a sharp reversal, with several cities projected to see outright price declines rather than a gentle cooldown. I focus here on seven specific markets where forecasts and recent sales data point to the real possibility of a crash in the next 12 months, rather…
Home purchase contracts in the United States are falling apart at a pace that would have been unthinkable a few years ago. Deals that once felt locked in after an accepted offer are now routinely unraveling during inspections, financing checks, or last minute negotiations. The surge in cancellations is not just a quirky data point,…