Real Estate
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The American housing market is broken—and 3 years in, it’s starting to look permanent
Sales of previously occupied U.S. homes were essentially flat in April, another lackluster showing for the housing market during what’s traditionally its busiest time of the year. Existing home sales edged up 0.2% last month from March to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said Monday. Sales
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Mah Sing sees natural ‘spillovers’ from Malaysia’s strong growth, as the conglomerate bets on premium residences and data centers
A Malaysian property developer founded six decades ago as a plastics trader is repositioning itself for the artificial intelligence era, leveraging land banks in the Klang Valley and Johor to court data center operators. Mah Sing, No. 422 on Fortune’s Southeast Asia 500 list, had a blockbuster 2025, reporting decade-high real estate sales of 2.51
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Investors are betting big on senior housing. There’s just one problem—the baby boomers they’re chasing can’t pay the rent
The silver tsunami is shaking up commercial real estate after years of senior housing being the quiet corner of the market. Major office renovations and headquarters projects, industrial warehouses, data centers, and apartment complexes received more institutional attention for years as senior housing was hammered by the pandemic, prompting investors to look elsewhere. But now
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New York is going to tax the wealthy’s second homes, but not tax wealth itself
People who buy luxurious second homes in New York City, but live most of the year elsewhere, would have to pay a new tax on the properties under a tentative agreement — an initiative to appease Mayor Zohran Mamdani and liberal voters who launched him into office with chants of “tax the rich.” But the
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The American Dream is moving to the Midwest—Michigan and Wisconsin beat the coasts for the hottest housing markets, Redfin finds
You can buy a house outside Detroit for $158,000. That’s why the Midwest just beat the coasts—again—for America’s hottest neighborhoods. Six of the 10 hottest neighborhoods in the U.S. for 2026 are in the Midwest, according to a Redfin analysis released Wednesday. This marks the second consecutive year the region has dominated Redfin’s annual ranking
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AI is quietly splitting the housing market in two: Bay Area luxury homes are up 13%, affordable ones are collapsing
As AI mints new millionaires, billionaires, and even trillionaires, it’s also threatening to replace entry-level workers and sparking fearful chatter of the “permanent underclass.” There’s no place that’s more evident than in the Bay Area, at the heart of Silicon Valley, where technology is wedging a deeper divide in the K-shaped economy, especially in the
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Vornado CEO Steven Roth ‘shocked that our young mayor would pull this stunt’ and says Zohran Mamdani should know better than to target Ken Griffin
Steven Roth, chairman and CEO of Vornado Realty Trust—one of New York City’s largest landlords and taxpayers—used his company’s Q1 2026 earnings call on Tuesday to deliver a six-minute rebuke of Mayor Zohran Mamdani, calling his viral “tax the rich” video “irresponsible and dangerous” and comparing the phrase itself to hate speech. Hours later, Citadel
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Landlords who were barred from evicting tenants during COVID are in settlement talks with DOJ to recoup as much as $1.5 billion
Just months into the pandemic, Matthew Haines, like landlords across the country, learned he was barred from evicting tenants who didn’t pay their rent under a federal eviction moratoriumthat lasted almost a year — costing him and his investors over $1 million. Now, the 57-year-old Texan is hoping to get some relief. Haines is among
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America’s twin scarcities: The 4-million-unit shortage in both housing and childcare is breaking families
American families are being wrecked by two parallel shortages: housing and childcare. And increasingly, experts say these two crises are feeding each other. The U.S. is short roughly 4 million homes, according to an analysis published by Realtor.com in early March. That’s led to “sustained home price growth and pushing homeownership further out of reach,
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Florida’s influx of rich residents is killing the middle class and housing market
For decades, the Sunshine State has been seen as, well, sunny and bright. Florida has no income tax, and many metros had a cost of living that allowed for the working class, like teachers, nurses, and hospitality workers, to build a comfortable, middle-class lifestyle. But times are changing. The pandemic ushered in a massive wave