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.
ROAD to Housing
Under the 21st Century ROAD to Housing Act, which passed into law last week despite President Trump’s refusal to sign it, investors who already own more than 350 family homes can’t buy any more from the existing housing stock. Eight large institutional investors were net sellers of more than 3,000 homes in the second quarter of this year, a fivefold increase in net-selling activity from the same period of last year.