United in Changing Times
Today’s Briefing
World · Business · Technology
Real estate
Higher borrowing costs, lower valuations and more defaults are putting pressure on property funds that invested in 2021, when interest rates were near zero.
3 min read
Real estate
7M since January 2025, but only one deal in 2026.
3 min read
Real estate
US office and apartment borrowers face a potential cash shortfall over the next 12 months, despite lenders accepting thinner margins on stronger properties after the Federal Reserve’s rate increase.
4 min read
Real estate
The typical luxury market retained 59% of its pandemic-era price gains as of May, while Florida stood apart from the nationwide decline.
2 min read
European pensions
The investigation following substantial U.S. real estate losses focuses on a current and a former BVK employee and a member of Deutsche Finance Group’s management.
2 min read
California
California has nominated 620 census tracts for the revamped federal tax incentive, but developers say high costs favour completing existing projects rather than launching new ones.
4 min read
Property investment
The fundraising expands capital available for property purchases and credit investments as almost $800 billion of U.S. commercial property loans mature by the end of 2026.
3 min read
Real estate
Redfin reports the first annual decline in the median U.S. home sale price in more than three years for the four weeks ending Oct. 25, while the San Francisco Bay area leads rent growth.
3 min read
US housing
The national median existing single-family home price increased 1.7% year over year to $432,900, even as more recent figures showed weakening demand.
4 min read
US housing
Builders cut prices as September sales weaken, while separate August indexes show existing-home values rising 2.4% and 2.1% annually.
4 min read
Senior housing
An October 27 headline points to rising rents and income, while an October 5 headline reports occupancy above 90% and construction trailing demand.
2 min read
New York
The Community Opportunity to Purchase Act would give nonprofits priority in sales of distressed multifamily buildings, with about 3,400 properties potentially eligible, according to the city’s housing department.
3 min read
Property investment
Higher rates are steering family offices towards discounted properties and assets with scope to raise rents, while HB Wealth advises clients to avoid funds with leverage above 65%.
3 min read
New York
The measure would give nonprofits and eligible joint ventures a 145-day opening period to bid for qualifying distressed multifamily properties, with city officials offering differing estimates of its reach.
4 min read
Real estate
Airbnb’s new rules limit hosts to reasonable checkout requests, against the backdrop of a European Commission proposal for tighter controls on short-term rental companies in tourist hubs.
3 min read
Housing
The longer saving period highlights barriers facing first-time buyers in the US, where family assistance is helping determine who can enter the housing market.
3 min read
Real estate
Blackstone lowered valuations in older real estate funds as elevated interest rates delayed a recovery, while pointing to data center leasing and AI demand as sources of growth.
4 min read
Real estate
Mortgage applications fell 5.3% in the week ending Oct. 16 from a week earlier, while Zillow forecasts slightly lower rates over the next 12 months and its chief economist warns of a risk of further increases.
3 min read
Real estate
The refinancing exposure comes alongside signs of property-debt stress, even as acquisitions and new investment vehicles point to continued capital deployment.
4 min read
Real estate
Funds raised $136.8 billion through the third quarter of 2026, with residential and industrial vehicles drawing most sector-specific capital despite a broader fundraising slowdown.
3 min read
U.S. property
Wells Fargo’s commercial real estate loan write-offs reached $107M in the third quarter of 2026, up from $16M in the second, while Bank of America’s rose to $105M from $2M.
3 min read
Real estate
Apartment buildings led the increase in distressed sales volume, although nondistressed volume grew faster across the broader commercial market.
4 min read
Property markets
Multifamily distressed sales volume increased 62.8% from a year earlier in the first nine months of 2026, but faster growth in nondistressed sales overall and abundant private lending limited distress’s share of the wider market.
4 min read
US housing
Falling starter-home asking prices and rising earnings are strengthening the case for ownership in selected markets, although renting remains cheaper across the largest US metropolitan areas.
4 min read