June 2025

Shares of companies linked to New York City real estate fell Wednesday as Zohran Mamdani, a state Assembly member who has vowed to freeze rents, looks all but certain to become the Democratic nominee for mayor. During his campaign ahead of Tuesday’s primary, Mamdani called for a progressive agenda that also included cheaper groceries at government-owned stores […]

While signs of a cooling housing market are beginning to emerge, with roughly 500,000 more home sellers than buyers now in play, according to a recent Redfin report, rising affordability barriers continue to sideline many would-be homeowners.  The median home price in the U.S. stood at $416,900 in the first quarter of 2025. With median