That's not a labor collapse. Layoffs are still low and jobless claims are falling. What we have is a low hire, low fire economy, and it looks like it will carry us into 2027.The...
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The Report Card Nobody in Housing Wants to Read
Most market reports tell you what already happened. This one is more useful, because it grades the 100 largest metros on two things that matter together: are they building enough...
The Home Is the Last Thing We Still Build By Hand
Last week HUD set up its Innovative Housing Showcase on the National Mall, and for a few days the lawn in front of the Capitol looked more like a job site than a monument....
The Proxy Fight Is About the Stock. The Real Story Is the Towns.
There is a real fight happening right now over the future of Vail Resorts. Oasis Management has built a stake of roughly 6.5%, converted its filing to a 13D, and nominated a...
The Best Week To Buy Nobody Believes Is Real
Realtor.com says the week of September 27 through October 3 is the best week to buy a home in 2026. Median listing prices that week are running 3.5% below the summer peak of...
Austin Prices Fell 27 Percent. The Housing Wage Gap Didn’t Move.
Austin home prices are down 27.6% from their 2022 peak, according to Zillow data reported by ResiClub this month, one of the steepest declines of any major market in the country....
Power Was Never the Only Gate
Everyone in this business talks about power like it's the whole game. Get the megawatts, and the rest is paperwork.MSCI's new review of US data center development says otherwise,...
The Fed Moved a Quarter Point. The Bond Market Moved the Whole Business.
The headline last week was the Fed. On September 16 the FOMC voted 12 to 0 to raise the funds rate a quarter point to a range of 3.75% to 4.00%, the first increase since 2023....
Higher for Longer Just Got Longer
For two years, the entire commercial real estate industry has been waiting for the same thing: rate relief. Yesterday the Fed told us to stop waiting.The Federal Reserve raised...








