Zan Mandani is now declaring victory in New York City's Democratic mayoral primary. It's a a bit of a shocker at least uh for some maybe not in the past 24 hours, but compared to where people were thinking about this just maybe 72 hours ago, uh it definitely is. Joining us right now, Edward Skyler.He's the former deputy mayor in the Bloomberg administration. He's the head of enterprise services and public affairs at city. It's great to see you this morning.Thank you for having me. What do you think. Um I'm ...

Core Insights - The affordability of housing in major U.S. metros is severely constrained, with the typical household needing to spend 44.6% of their income to afford a median-priced home as of May 2025, significantly above the recommended 30% threshold [1][8] - Only three major metropolitan areas—Pittsburgh, Detroit, and St. Louis—allow median-income earners to purchase a median-priced home without exceeding 30% of their income [3][4] - High mortgage rates and home prices are the primary factors contributing to the lack of affordability in most large metros, with the average mortgage rate at 6.82% as of May 2025 [3][7] Affordability Analysis - In Pittsburgh, the median listing price is $249,900, requiring 27.4% of household income; in Detroit, it's $270,000 (29.8%); and in St. Louis, $299,900 (30.0%) [4][6] - Conversely, in Los Angeles, the median home price is $1,195,000, necessitating over 104% of the area's median income, indicating extreme unaffordability [5][6] - Other high-cost metros include San Diego, San Jose, New York, and Boston, all with affordability ratios exceeding 60% [5][6] Market Dynamics - Demand for affordable homes is increasing, particularly in the Midwest, where some markets still offer pathways to homeownership for median-income households [2][5] - The coastal markets, particularly in California, are experiencing a significant affordability crisis, with a high percentage of renters compared to homeowners [5][6] - The overall national median home price is $440,000, with a monthly payment of $2,930, reflecting the broader affordability challenges across the country [8] Potential Solutions - To improve housing affordability, strategies could include raising incomes or lowering housing costs through reduced mortgage rates or home prices [7] - Increasing the supply of affordable homes is critical, as many markets face a growing home supply gap, which has kept prices high [7]

Key Takeaways PLYM acquired a portfolio of industrial properties in Ohio for $193M, totaling 1.95 million square feet. The acquisition strengthens PLYM's regional footprint and aligns with its acquisition strategy. The portfolio is 97% leased, with in-place rents 22% below market rates, offering lease-upside potential.Plymouth Industrial REIT (PLYM) recently announced the acquisition of a portfolio of industrial properties across Columbus, Cincinnati and Cleveland, OH for $193 million. It comprises 21 bui ...

随着澳洲租金持续上涨且租户争抢现有房源，租房者正竭尽全力寻找一个能称之为 家的地方。 据RealEstate网站报道，澳洲面临的难题是，大量租户寻求租房，但房源供不应 求，导致看房时排长 队、出现竞价战，以及租房者不得不降低生活标准。 "我们还看到，在某些情况下，当房源备受关注时，租户会在法律允许的范围内主 动提出支付更高租 金。" "当然，这并非在所有区都合法，但租户在特定情况下确实觉得有必要这样做。" "租户逐渐意识到，租房不仅关乎是否喜欢这套房子，还包括给物业经理留下好印 象，并尽早提交租房 申请，这些举措能帮助他们在众多申请中脱颖而出。" （图片来源：RealEstate） 房地产公司物业经理Phoebe Righetti指出，看完心仪房源后立即提交申请至关重 要。 "我们通常会在申请收到后就提交给房东，如果你拖延一两天，可能就会成为 未获批的原因。" （图片来源：RealEstate） 绝望的租户们使出浑身解数，争相在其他租户之前提交申请，并动用其他策略来吸 引房东注意。 据PropTrack数据显示，全澳租金中位数在2025年第一季度同比上涨5%，而租金的 持续上涨正推动这一 现象。 REA集团高 ...

China Macro Tracker Economics Working on domestic matters Industry: Some automakers pledged payments within 60 days to suppliers With US-China trade tensions seeing some stabilisation, we're seeing increased focus on attending to domestic matters. On the issue of cut-throat price competition, pressures remain fierce, most notably in the auto sector (and reflected in falling prices but higher volumes) (see China activity, 16 June). This in turn weighs on profits, leads to higher inventories and affects liqui ...

Core Insights - The comparison between Ford and Tesla highlights the future direction of the auto industry, particularly in electric vehicles (EVs) and robotaxis, with both companies facing similar opportunities and challenges [1] - Tesla's full-self-driving (FSD) robotaxi is seen as a strategic move to counteract declining sales and market share, while major automakers recognize the profit potential of robotaxis through recurring income from ride-per-mile revenue [2] Electric Vehicles and Affordability - Automakers need to make EVs more affordable to ensure their future viability, as current EVs are not cheap [2] - Ford's CEO emphasized the importance of developing affordable EVs to achieve profitability, indicating a shift in strategy [4] Robotaxi Development - Ford has faced setbacks in its robotaxi plans, notably after the shutdown of Argo AI, while Tesla is preparing to launch its unsupervised FSD/robotaxi service [14][15] - Tesla's ability to transform existing vehicles into robotaxis and produce a dedicated model, the Cybercab, gives it a competitive edge [8] Financial Performance - Ford's Model E segment reported significant losses, with a loss of $5.1 billion in 2024 and $849 million in Q1 2025, indicating challenges in achieving a profitable EV business [10] - In contrast, Tesla generated $7.1 billion in operating profit in 2024 and maintained a dominant market share of 43.5% in Q1 2025, compared to Ford's 7.7% [11] Future Outlook - Both companies plan to release low-cost models, but Tesla's ability to lower its average cost per car positions it better for sustainable profitability [13] - The auto industry is moving towards lower-cost EVs and robotaxis, with Tesla currently in the best position to meet these industry aims [18]

Key Takeaways BXP stock surged 10.3% in a month, outpacing its industry and the broader market. Leasing volume reached 1.4M sq ft through April, with major tenants committing to long-term leases. BXP is advancing $2.26B in developments, including 71%-pre-leased life-science projects under construction.BXP, Inc. (BXP) , the largest publicly traded developer, owner and manager of premier workplaces in the United States, recently experienced a significant upturn in its stock price, gaining 10.3% over the pas ...

Key Takeaways TRNO acquired an industrial property in Queens, NY, for $16M with an estimated 3.9% stabilized cap rate. The 36,000-sq-ft property is 100% leased to an insulation distributor through May 2028. The site's location at 11-40 Borden Avenue is likely to lure tenants, making the acquisition a strategic fit. Terreno Realty (TRNO) has announced the acquisition of an industrial property in Long Island City, Queens, NY, for $16 million, in line with its acquisition-driven growth strategy. The transact ...

Key Takeaways WELL stock has gained 24.1% in six months, outpacing the industry's 5.7% rise. WELL's Senior Housing Operating segment is set for 16.5-21.5% same-store NOI growth in 2025. Favorable outpatient visit trend, strategic acquisitions and strong balance sheet support WELL's growth.Shares of Welltower (WELL) have gained 24.1% in the past six months, outperforming the industry’s upside of 5.7%.Welltower boasts a well-diversified portfolio of healthcare real estate assets in the key markets of the Un ...

根据 Finder的《2025年首次购房者报告》，2017年时，普通澳洲人能负担超过一半地区 的中位价房产 贷款，而这一比例如今已降至仅16%。 （图片来源：RealEstate） 在澳洲的房地产市场，单身买家面临越来越大的压力，普通澳洲人如今仅能负担得 起16%地区的独立 屋。 据RealEstate网站报道，最新研究揭示，单身人士几乎无法在澳洲独立买房。 即便在公寓市场，单身买家也面临困难，目前仅能负担得起约28%地区的公寓，这 一比例从2017年的 66%大幅下降。 在新州、南澳及西澳，普通单身买家能负担房贷还款的地区数量减少了约四分之三。 新州情况最为糟糕，2017年时单身澳洲人可以负担40%地区的独立屋，这一比例到 2025年下降至仅 11%。南澳的降幅尤为显著，从2017年的85%降至2025年的19%。 住房负担能力压力导致单身购房者在首次购房者中的比例显著下降。 从2021年首次 购房者中45%为个人，至2025年降至39%。 "首次购房者并不期望第一套房产是豪宅，但即使那些有现实期望的人，也对入门 级住房的高昂价格感 到震惊。" "存首付款如今需要多年努力，许多首次购房者严重依赖'父母银行' ...