Tens of thousands of people took to the streets in Madrid on Saturday to protest against Spain’s housing crisis and ask for protective measures for tenants, anti-fraud rules, and a ban on evictions without alternative housing. The protest came in reaction to the dramatic eviction on Wednesday of an 87-year-old woman from the Madrid apartment she had lived in
The dramatic eviction of an 87-year-old woman from the home in Madrid where she lived for seven decades has drawn attention to the depth of Spain’s housing crisis. The tenant of the flat in the Retiro area of central Madrid, Maricarmen, was unable to pay the rent set by the investment firm that owns it.
The daily 30-year fixed mortgage rate soared to 7.24% last week, adding yet another cost for homebuyers already facing the double whammy of high housing prices and inflation squeezing their wallets. Freddie Mac’s weekly average rate also climbed to 6.95%, putting borrowing costs at their highest level since January 2025. The increase comes as the
The average rate on a 30-year fixed-rate mortgage stood at 6.95% for the week ending Sept. 17, up from 6.76% a week earlier and 6.26% a year ago, according to Freddie Mac. With borrowing costs pushing back toward the psychologically fraught 7% mark, and a persistent shortage of homes compounding the squeeze, many Americans still
Two decades after the housing boom reshaped, then tanked, the U.S. economy, the AI boom is similarly transforming the drivers of growth. Hyperscalers have poured so much money into building as much AI infrastructure as possible—and as quickly as possible—that investment from a handful of companies is expected to reach $1 trillion a year soon.
While Florida, California, and New York continue to undeniably be hot spots for wealth, one real estate CEO says there are more markets to watch out for. Ryan Serhant, CEO of his namesake firm and Owning Manhattan star, said high-net-worth clients continue to buy in the historically wealthy and luxury-oriented cities—but they’re also seeking secondary
