Business investment in AI-related categories reached an annual rate of about $1.5 trillion, up from $1 trillion two years earlier. Bond issuance at five big hyperscalers and SpaceX will reach $285 billion this year, up from $109 billion last year.
HOA Foreclosures
There were 6,376 properties with HOA-related foreclosure filings in the first quarter of this year—spanning initial default notices to completed sales. That is up nearly 40% from two years earlier and rising faster than overall mortgage foreclosure rates.
Endowment Draws
The percentage of private, nonprofit colleges drawing down endowments at greater than 7%—considered a sign of financial instability—nearly doubled to 19.3% in 2025 from 9.7% in 2016.
Residential Mortgages
The 30-year fixed mortgage rate rose to 6.66% this week, marking its highest level in a year.
NYC Rent Stabilized
An analysis of 2023 data found that the wealthiest renters in New York City receive the largest discounts from rent stabilization. The top 25% of earners in rent-stabilized units save 33% compared with the median rent, while the lowest three income quartiles save between 15% and 22%.
Commercial Mortgages
Commercial real-estate mortgage loan originations in the first quarter were up more than 50% from a year earlier, driven in part by an 80% increase in loans from deposit-taking institutions.
Retirement Accounts
Wealthy insiders are amassing giant tax-subsidized balances by purchasing cheap startup shares in their retirement accounts. More than 1,000 Americans held individual retirement accounts worth at least $25 million in 2024, more than double the number in 2019.
PE Assets
The net asset value of U.S. private-equity assets stuck in funds at least a decade old reached an all-time high of $348.5 billion at the end of 2025. That is 3.5 times the amount in 2015 and more than 100 times that of 2005. The net asset value in the seven-to-nine-year-old bucket reached $512.7 billion in 2025, more than two times that of 2015.
Gold
A yearslong rally in the precious metal came to an end, oddly enough, with the Iran war. Since hostilities began on Feb. 28, gold is down 22%. However, gold’s 12-month price increase, at 21%, is still slightly better than the S&P 500.
Funds v S&P 500
Last year, four in every five U.S. stock mutual funds couldn’t beat the S&P 500.