Nearly two-thirds of home buyers last year purchased at a discount to the original listing price, the highest proportion since 2019.
U.S.-based employers announced 1.2 million job cuts in 2025, the highest annual figure since 2020, with tech and warehousing sectors leading.
Financier Ross Stevens will give $200,000 to each U.S. Olympic and Paralympic athlete, regardless of performance. Half will come 20 years after their first qualifying Olympic appearance or at age 45, whichever comes later. Another $100,000 will be in the form of a guaranteed benefit for their families after they pass away.
More than 42 million Americans hold student loans with around 9 million people currently in default on their education debt. The outstanding debt currently exceeds $1.6 trillion.
Among all U.S. markets, New York City and Phoenix are set to open the most hotel rooms in 2026. Top markets by projected 2026 room openings are: New York City with 4,852 rooms, Phoenix with 3,650 rooms, Dallas with 3,558 rooms, Orlando with 1,988 rooms, Miami with 1,954 rooms.
Total returns from five of the largest private-credit funds aimed at individual investors declined to an average of about 6.22% in the first nine months of 2025, compared with 8.76% in the same period of 2024 and 11.39% in 2023.
Higher interest rates, steeper material prices and a tight labor force provide significant headwinds to new construction this year. Spending to build offices, hotels, apartment buildings and warehouses is projected to fall in 2026. But data centers, sought by large tech companies to run artificial-intelligence platforms, are a bright spot with spending forecast to increase 23%.
Wall Street’s presence in the housing market expanded after the subprime mortgage crisis exploded in 2007. But institutional investors have never owned more than a small slice of the overall housing market: around 2% to 3%.