June 2026

High Mortgage Rates Continue to Sideline Buyers Sales of newly built U.S. single-family homes fell sharply in May 2026, underscoring persistent affordability pressures that continue to weigh on the housing market despite builders' efforts to stimulate demand through incentives and price adjustments. Purchases of new homes declined 7.3% from April to a seasonally adjusted annual rate of 580,000, according...

Image Chief executive Simon Carter says office demand in London is running 50% above the long-term...

U.S. Sens. Elizabeth Warren (D-Mass.) and Bernie Moreno (R-Ohio) are calling on Congress to shore up Social Security by lifting the cap on wages subject to payroll taxes. The proposal comes as policymakers and financial professionals warn of looming funding shortfalls and widespread confusion among retirees about how the program works. In an essay published Tuesday by The New York Times,...

Homebuilding’s mid-year public company earnings season is now looking through the prism of the back half of 2026. Each of the sector’s players had better have put themselves in a good position for some heavy lifting and outperformance, rather than lugging around a forgettable first half. In that light, it’s welcome news that one of the industry’s recent and not-so-recent underperformers has...

JPMorgan Chase has named Doug Petno and Troy Rohrbaugh as co-presidents effective immediately — the clearest step yet in the board’s planning for an eventual successor to CEO Jamie Dimon. Dimon, who has led JPMorgan since 2006, remains as chairman and CEO. Over his tenure, he has reduced the bank’s direct mortgage origination footprint in favor of higher-return businesses while tightening credit...

Buying a first home has gotten materially harder for young adults in most major U.S. metros since 2019, as home values have far outpaced income gains and higher mortgage rates push monthly payments out of reach, according to a new Pew Research Center analysis of American Community Survey data. The study focuses on households headed by adults under 40 and compares inflation-adjusted changes in both home...

Seasoned real estate agents are anchoring the residential market as buyers confront the toughest affordability environment in decades, according to the National Association of Realtors’ (NAR) 2026 Member Profile, published on Thursday. The annual report, based on 2025 transactions and trends, shows the typical member now has 13 years of experience, up from 12 years in the prior survey. NAR membership...

Florida’s billionaire migration isn’t slowing down. If anything, it’s becoming increasingly concentrated. Over the past few years, one tiny town just south of Palm Beach has quietly transformed into one of the most exclusive addresses in America, attracting a who’s who of billionaires, business moguls, media personalities, and ultra-high-net-worth buyers who increasingly value one thing above...

Luxury real estate agents spend their careers selling extraordinary homes. Occasionally, they build one for themselves. Josh Flagg — best known as one of the stars of Million Dollar Listing Los Angeles, co-founder of Estate Media, and founder of Flagg Family Capital — has officially listed his newly completed Miami Beach villa for $9.995 million, bringing to market a renovation project that...

A major plumbing leak on the sink wall sparked a full-scale renovation of this once-closed-off kitchen in Dana Point, California. Working with designers Natalie Carr and Aaron Golden, the owners transformed the space into a bright, welcoming hub...