Market News

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%.

Americans with a net worth of more than $5 million are expected to pass down about $17.3 trillion over the next decade.

The rate of multifamily rent growth was flat in 2025 compared to the year before. Though rent growth strengthened in the first part of the year, those gains were erased by weaker performance at the end of the year.

53% of U.S. homes have lost value in the last year, the most since 2012. Southern and Western cities saw steepest declines; Northeast remained stable. Even so, home prices are projected to rise 4% in 2026 despite increased inventory.

The FTSE Nareit All Equity REIT Index chalked up a total return of about 2.3% for 2025, well below the 17.9% of the S&P 500.

Fed officials now see rates falling from their current range of 3.5% to 3.75% by a quarter of a point this year, which would leave rates roughly at “neutral,” neither restricting nor stimulating growth.

The number of operating rigs in the Permian Basin is down 14% over the past year.

Mortgage rates drop to lowest level in nearly 3 years as Trump orders buying of $200 billion in mortgage bonds.