In 2025, U.S. homebuyers secured 4.1% more second-home mortgages compared to the previous year, as reported by Redfin. This represents the first annual increase in four years, following a series of declines from the peak observed during the pandemic in 2021 until 2024. In contrast, mortgages for primary residences experienced a year-over-year increase of 1% […]
Key insight: InterBank’s outperformance in 2025 was the product of a long-standing strategy that got “supercharged” by the Fed’s post-pandemic rate hikes. Expert quote: “When your assets are able to earn a healthy yield on the top line, and what you’re paying for money is relatively low, it really allows you to drive that five-point […]
Home price appreciation remained modest in May, according to data from both FHFA and the S&P Cotality Case-Shiller Home Price Indices. Although both reports showed annual price growth improving slightly from April, appreciation continued to trail inflation, underscoring a housing market where elevated mortgage rates, affordability pressures, and uneven regional performance continue to limit broader […]
Every war is brutal and comes with extreme cascading shocks to normal lives and global economies. The West Asian conflict spiraling between the USA and Iran has darkened the global outlook in 2026. And the more missiles explode in Iran and the Red Sea, the longer it is expected to choke economies. Amidst this, one […]
Chip stocks rallied this week on a wave of strong tech earnings, and investors rewarded semiconductor ETFs with a rush of new cash. Three funds tracking the chip sector ranked among those pulling in the most new money, according to FactSet flow data. Key Takeaways: Strong Big Tech earnings from Microsoft and Amazon helped drive […]
That MEG deal, valued at $8.6bn and closed in November after a bidding war with Strathcona Resources Ltd., added more than 100,000 barrels a day of output next to Cenovus’s Christina Lake operations, per Reuters. McKenzie said the company remains on track to lift MEG production to 150,000 barrels a day by 2028, the Canadian Press reported. Cenovus […]
Amazon says that some customers will get back a sliver of cash from its pool of refunded money after the Trump administration’s tariffs experiment fell apart in court. The U.S. government began refunding billions of dollars in import taxes earlier this year after the Supreme Court ruled that a huge swath of the tariffs it […]
Many so-called “Hero households” are better positioned than many to achieve homeownership, according to a new analysis of home affordability by Homes for Heroes, a national program that provides real estate and mortgage savings to firefighters, law enforcement, military personnel, healthcare professionals, and teachers. According to the analysis, while the median-income household is priced out […]
A 107-key hotel in Midtown has traded for roughly $95 million. Eurostars Hotel Company, a Spanish hotel chain managing more than 300 properties globally, has purchased the Chemists’ Club Hotel at 52 East 41st Street from Azora, another Spanish company specializing in large-scale hotel investments, according to a source with knowledge of the deal. SEE […]
Merrill Private Wealth Management has added a 14-person team from Morgan Stanley’s Graystone Consulting business that oversees more than $13 billion in client assets. The team works with a national client base that includes ultra-high-net-worth families, entrepreneurs, corporate executives and retirement plans. It includes advisors Alfred Hammond, Matthew McLaughlin, Anthony Mancini, Peter J. Ciovacco, Scott […]