Real Estate Manhattan Rents Hit Records: Studios $4,088, One-Beds $5,486 Manhattan studios now average $4,088/month (+8% YoY) and one-bedrooms $5,486 (+7%), with two- and three-bedroom rents also hitting records as listings collapse.
Politics Trump Officials Push NPS to Hand Yosemite Strip to Private Developer Trump officials are pressuring the National Park Service to cede a quarter-mile strip of Yosemite to Kingsbarn Realty Capital, a deal rejected under three previous administrations.
Real Estate Miami Tops U.S. Buyer's Markets With 154% More Sellers Than Buyers Redfin says Miami is the strongest U.S. buyer's market with 154% more sellers than buyers in July, as national homebuyer counts fall to a record low.
Real Estate US Homebuyer Demand Hits Record Low as Sellers Outnumber Buyers 51% US homebuyer demand fell to a record low in July with about 967,000 buyers versus 1.46 million sellers, a 51.3% seller surplus. Nearly 80% of major metros are now buyer’s markets, led by Miami and Texas.
Macro Gray Divorce Rates Surge Among Americans Over 65 While overall U.S. divorce rates decline, divorces among adults aged 65 and older have nearly tripled since 1990, now accounting for 15.2% of divorces.
Real Estate Manhattan average rent hits record $6,655 a month Manhattan's average apartment rent hit a record $6,655 a month in July, up 10% year over year, with vacancy at the tightest level since 1968.
Markets Nearly Half of Young Adults Live with Parents, Highest Since 1940s Approximately 45% of Americans aged 18 to 29 are living with their families, marking the highest percentage since the 1940s. This trend has significant implications for housing markets and consumer spending patterns.
Real Estate 60% of Gen Z and Millennials Moved Back Home in Past Two Years A significant 60% of Gen Z and Millennials have returned to live with their parents in the past two years, impacting housing demand and homebuilder stocks.
Macro 53% of Millennials Still Lean on Parents Financially: Northwestern Mutual 53% of Millennials are not fully financially independent from their parents, per a new Northwestern Mutual study. The read-through hits housing, lenders, and consumer names.
Macro 72% of Gen Z Still Financially Dependent on Parents: Northwestern Mutual Northwestern Mutual's 2026 Planning & Progress Study shows 72% of Gen Z and 53% of millennials still lean on parents for financial support, with the average American not independent until age 37.
Real Estate Manhattan Rents Hit Record $6,655/Month as Supply Tightens Manhattan's average rent hit a record $6,655/month in July, up 10% year-over-year, as vacancy sits near 1.5% and policy uncertainty over rent freezes and a pied-a-terre tax weighs on supply.
Markets NYC to Study First U.S. Transit Thermal Energy Network to Cool Subways Mayor Mamdani, Gov. Hochul and the MTA unveiled an $800,000 study for a Thermal Energy Network to cool NYC subway platforms and reuse the captured heat to warm municipal buildings, in what would be a U.S. transit first.
Markets Half of Adults Under 30 Live at Home; Nearly Half Receive Financial Support 49% of adults under 30 live with parents; 47% receive external financial support, impacting housing markets and delaying economic milestones.
Markets 66% of Boomers Want to Enjoy Their Wealth While Alive: Visa Visa research shows 66% of boomers want to enjoy their wealth or have heirs enjoy it while they are alive, with roughly $8 trillion set to hit autos, housing, travel and retail.
Markets 63% of Americans Have Less Than $500 Left After Monthly Bills A recent survey reveals that 63% of Americans have less than $500 remaining each month after paying bills, highlighting potential impacts on consumer spending and market sectors.
Macro Visa: 25% of millennial homeowners got down payment help from parents Visa research shows 1 in 4 millennial homeowners received parental down payment assistance, and 26% say they could not have bought their current home without it.
Real Estate Over 70% of Recent Home Buyers Were Banking on Mortgage Rates Dropping More than 70% of recent home buyers were counting on mortgage rates to drop, per MarketWatch. Rates remain stuck above 6%, leaving buyers squeezed and refinance hopes on hold.
Real Estate Redfin: U.S. home prices hit record $408,776 in June Redfin says the median U.S. home-sale price hit an all-time high of $408,776 in June, up 2.2% year over year, led by San Francisco and West Palm Beach. Existing-home sales rose to the highest since 2022.
Macro Visa: $36 Trillion in Boomer Wealth to Pass to Gen X and Millennials Visa projects $36 trillion in baby boomer wealth will pass to Gen X and millennial heirs over the next 20 years, with most of it flowing to already-wealthy households and only about $8 trillion likely to be spent.
Macro US Mortgage Rates Climb to 6.66%, Highest in a Year The 30-year fixed mortgage rate rose to 6.66%, its highest level in a year, as Treasury yields climbed and inflation concerns grew. Homebuilders and rate-sensitive stocks are in focus.
Macro Morgan Stanley: 70% of Homeowners Locked Into Sub-5% Mortgages Morgan Stanley says roughly 70% of US homeowners hold mortgages below 5% and half are under 4%, freezing sellers and keeping existing-home sales at the slowest pace since 1995.
Macro Miami Now More Expensive Than New York, Cost-of-Living Arbitrage Fades Miami is now officially more expensive than New York City for the first time on record, as housing, insurance, and everyday costs outpace wages, breaking the long-standing NY-to-Florida arbitrage.
Real Estate Annual Income Needed for U.S. Mortgages Rises in 2026 In 2026, the annual income required to qualify for a U.S. mortgage has increased, reflecting higher home prices and interest rates.
Macro Boomerang Kids Are Back: Young Adults Moving Home Near COVID Highs The share of young adults living with their parents is back near COVID-lockdown highs, with roughly 45% of 18-29 year olds at home. Here is what the boomerang trend means for housing, retail, and consumer stocks.
Politics Mamdani Publishes NYC Property Owners' Names and Addresses for Pied-à-Terre Tax NYC Mayor Mamdani's administration published a searchable database with names and addresses of property owners potentially subject to the new pied-à-terre tax, drawing doxxing accusations and stoking concerns over the luxury real estate market.
