Real Estate
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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…
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The starter home is dying. Better.com’s CEO says AI is the only thing that can save it
The traditional American starter home—the quaint, ranch-style two-to-three bedroom home young families once began their journey of wealth creation—is on life support. The U.S. is currently short nearly 4 million homes, according to Goldman Sachs. A number of factors have defeated that essential stepping stone, from sky-high prices to strangling zoning constraints. But for Better.com…
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The housing affordability crisis isn’t just crushing millennials—it’s squeezing out buyers in their 40s, 50s and beyond too
New data from the Federal Reserve Bank of New York shows a surprising phenomenon: The average age of first-time homebuyers getting a mortgage has barely budged over the past two decades, remaining in the mid-30s. At first glance, that doesn’t seem to make sense. You’d think that given the steep rise in home prices versus…
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The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges as a surprise winner
During the pandemic, the housing markets in Florida and Texas enjoyed a surge in popularity. Unencumbered by office attendance, remote workers headed south to cash in on the Sun Belt’s warm temperatures, low tax rates, and new construction. But that story is being rewritten now. Homebuyers are now prioritizing affordability and steady employment, meaning Rust…
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America’s ‘silent army’ of skilled tradespeople are retiring with no one to replace them—and the price tag could hit $1 trillion a year
The workers who keep America’s buildings running are disappearing—and the U.S. isn’t replacing them fast enough to keep the lights on, the servers cool, or the labs sterile. By 2030, an estimated 2.1 million skilled trades jobs in the U.S. could go unfilled, with potential economic losses reaching $1 trillion annually, according to U.S. Department…
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For wealthy buyers, Mar-a-Lago’s security perimeter is Palm Beach’s hottest amenity
Mar-a-Lago has become one of Florida’s buzziest mansions since President Donald Trump purchased the sprawling 62,500-square-foot estate and private club in 1985. Every time the president visits, the cameras follow. But what’s gotten less attention is the luxury real estate market quietly reshaping itself around him. As of early March, South Ocean Boulevard, the oceanfront…