Nearly 63% of workers are now fully on-site, up from just over half in late 2021. Many other workers have to commute for at least some of the workweeks.
Prediction Markets
Total trading volume on Polymarket and Kalshihas rocketed to $24.2 billion in April, up from $1.8 billion a year earlier.
Mortgage Relief Defaults
Some 55% of borrowers who received mortgage relief in 2024 fell behind again on payments within one year and the FHA is currently approaching a 60 percent redefault rate. Some 46% of borrowers in default as of last September had previously defaulted at least three times.
Equity Gains
Both the S&P 500 and Nasdaq composite finished April with their largest monthly gains since 2020, as investors looked past the war in Iran and focused instead on strong earnings and a revived tech trade.
Airbnb World Cup
Many Airbnb hosts are experiencing soft demand for bookings for the World Cup, despite significant investments. In Philadelphia, 42% of short-term rentals are booked during the World Cup, with Boston being the only host city with more than half rented.
Student Loan Repayments
Only 30% of the federal government’s $1.7 trillion student-loan portfolio is currently being repaid. Among the delinquent student borrowers, 38 percent now have an auto loan, up from 30 percent before the pandemic and the share with a mortgage has nearly doubled, rising from 8 percent in 2019 to 15 percent in 2025.
Senate Housing Bill
At least $3.4 billion of investment for build-to-rent projects is frozen in place, according to an early survey of 14 build-to-rent firms. That translates to about 10,000 units of housing and it is likely just a sliver of the impact across the entire build-to-rent industry, which includes more than 1,700 firms.
Earnings and Sales
Year-over-year growth in earnings per share is expected to exceed 13% for the sixth quarter running. Sales are expected to rise more than in any quarter since the fall of 2022.
BDC Sell Off
As sentiment toward private credit began to shift last year, shares of many publicly traded BDCs sold off, trading below their stated net asset value. But the price at which investors can enter or exit nontraded funds has changed very little, thanks to a difference in structure. Some investors are pulling their money from the nontraded BDCs after seeing that comparable public funds are trading at a steep discount.
Home Sales
Homes that went under contract in March sold in a median of 19 days, creating a 37-day gap from the 56-day typical listing time. The 37-day gap in days on the market for homes sold versus all homes listed was the widest for any March since 2020.