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3 quick takes on Kevin Warsh’s first Fed meeting

Today, Kevin Warsh finished presiding over his first meeting as Federal Reserve chair, and boy, it was interesting to say the least. Now, keep in mind that I’m the only person on Earth who had #AnyOneButWarsh, so my feelings are well known, but as always, I’m going to call it down the line on what his comments means for the economy. For now, I’m going to give you quick three-step takeaway....

Double-take double jeopardy: Housing surnames for $100

Wait! What?!? Just curious. Is it me, or is anyone else getting at least a chuckle out of one of those moments when the housing universe seems to have hired a comedy writer? For years, if you said “Clayton” in any kind of housing audience, people instantly thought of Berkshire Hathaway‘s Maryville, Tennessee-based manufactured housing giant — the company that sits at the center of perhaps the...

Stunning $53M Beverly Hills modern château presents itself as a private resort in the hills

There are large luxury homes. And then there are properties that seem to operate by an entirely different set of rules. Opal, a newly listed $53 million estate on Laurel Way in Beverly Hills, firmly belongs in the latter category. Spanning 19,100 square feet on approximately 1.39 acres, the six-bedroom, ten-bathroom residence reads less like a traditional house and more like a private resort...

AI, Data Centers and Private Credit Spark U.S. Real Estate Investing in 2026

Artificial intelligence, digital infrastructure and private credit are emerging as some of the most powerful forces reshaping U.S. real estate investment activity in 2026, according to a new midyear outlook from PwC. In its report, Real Estate and Real Assets: U.S. Deals 2026 Midyear Outlook, PwC argues that the industry is no longer experiencing a traditional cyclical recovery. Instead, capital is...

FHFA pushes for direct power to sue for mortgage fraud 

The Federal Housing Finance Agency (FHFA) and Director Bill Pulte are asking Congress for the power to bring civil lawsuits against individuals suspected of mortgage fraud. In its newest Annual Report to Congress, released Monday, the FHFA recommended new authority to directly sue for mortgage market fraud. This would allow the agency to file the same types of lawsuits in state or federal courts that...

Builders slow starts in May to rebalance pricing and incentives

The real story in today’s Monthly New Residential Construction release from the Census Bureau isn’t a collapse in construction. It’s a production strategy that took shape months ago. Headlines – and their sibling, “headline risk” –don’t enjoy a particularly good reputation among most homebuilding business executives who have chosen to talk with and listen to me over the past 23...

What to look for in Kevin Warsh’s first Fed meeting

Today, as I write this article, oil prices are at $75.80, which is a big deal because tomorrow the Federal Reserve will announce its monetary policy under new Fed Chair Kevin Warsh. For many months, Federal Reserve hawks have said that the Iran conflict was a major reason they’ve been more hawkish, as energy inflation can make the current inflation data much worse going forward. Warsh has said that the...

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