Money, Wealth & Power—A Daily Look at the Financial World
The American housing market has quietly tipped into a strange imbalance. There are now far more real estate professionals chasing deals than there are homes available, and the gap between people with licenses and actual listings is widening even as inventory inches up. The result is a profession where a growing share of agents sell…
Georgia’s long simmering frustration with rising property tax bills has finally produced a sweeping political response. Republican lawmakers are advancing a plan that would erase local property taxes on owner-occupied homes within a few years, replacing a core pillar of local finance with state money and new limits on how fast tax bills can grow….
Las Vegas built its modern identity on the promise that the party never stops and property values only move one way. Now the city is confronting a harsher reality, as a deep tourism slowdown collides with a housing market that has flipped from frenzy to fragility. Home prices are slipping, deals are falling apart and…
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…
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…
President Donald J. Trump has moved aggressively to keep Wall Street out of the starter-home market, signing an executive order titled “Stopping Wall Street from Competing with Main Street Homebuyers” that seeks to bar large investors from buying or holding single-family homes. Congress, however, is steering in a different direction, advancing bipartisan legislation that treats…
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…
More than 1 million homeowners now owe more on their mortgage than their property is worth, the highest level of negative equity in seven years. That kind of imbalance can feel like a financial trap, but experts say the right response depends less on the headline number and more on your income, your time horizon…
Across the country, housing has shifted from a background worry to a defining stress point of daily life, with renters and would-be buyers watching prices sprint ahead of their paychecks. At the same time, President Donald Trump is openly celebrating rising home values and signaling that he wants that climb to continue. The clash between…