Nationally, home sellers outnumbered buyers in July by 51%. In fact, the 967,000 buyers on the market mark a record low since the survey began recording the metric in 2013.
GS LCN Deal
Goldman Sachs said it had reached an agreement to buy private real-estate investment firm LCN Capital Partners in a deal worth up to $410 million. LCN, which manages roughly $3 billion in assets, is a commercial real-estate investor that specializes in sale-leaseback transactions.
Gen Z Allocation
52% of Gen Z investors redirected funds meant for investing into sports betting in the past year. 26% of Gen Zers see this as a long-term financial strategy.
FHA Mortgages
A sample of FHA mortgages recently reviewed by the Housing and Urban Development Department found 76% contained a defect, up from 67% in late 2024.
Office Vacancy
A new forecast suggests that national office vacancy rates that have dipped below 14% will gradually drop toward 13% over the next few years. The decline is attributed to developers building less new space and older buildings being demolished to make way for something new.
Cash Positions
There is over $3 trillion in retail money-market funds, hovering around a record high not including the trillions of institutional dollars sitting in money-market funds.
Private Credit PIK
Some 13.5% of new private-credit loans originated in the second quarter had a PIK provision, down from 25% at the end of last year.
Private Credit
Private-credit funds managed by Ares, Golub and KKR all reported increases this year in the number of borrowers on watch for deteriorating performance. For those funds, the lists are at their highest levels since 2022-23, when interest rates were rising.
DC Residential
The median sale price in the Washington metropolitan area hit an all-time high of $680,000 in May, up 3% compared with $659,950 the prior year. At the high end demand is even stronger: By the end of the first quarter, luxury-home inventory—properties priced above $1.75 million—was down 22% from a year earlier, even as overall inventory increased by 5%.
Hotel Sector
Despite strong headwinds, Q1 2026 metrics came in stronger than expected, and by early June, most hotel sector prognosticators had sharply revised their full-year RevPAR forecasts upward. Group and individual bookings strengthened, and the demand increase gave back some of the pricing power the industry had lost.