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Real assets

Real estate

Property against the discount rate — where financing cost decides what a building is worth.

Renters in the US are starting to organise politically over housing costs.

US mortgage rates are about 7.3%, keeping homes expensive and sales slow.

Some cities are tightening rules on short-term rentals.

In some US regions, new homes and data centres compete for limited connections to the power grid. A New York house tied to a fraud case is going to auction for far less than its listed value.

Higher mortgage rates mean many owners do not want to sell and give up a cheaper loan, which keeps the number of homes for sale low. Renters feel rising costs most directly. Existing home sales for September are published on 13 October.

What could change this. Against this: mortgage rates easing with the ten-year could restart sales before politics bites.

So-what: Housing costs are becoming political, which can bring new rules for landlords.

What to watch. Existing home sales on 13 October; rent-control proposals; mortgage rates.

Published 7 October 2026

The same read appears inside each day’s executive note, alongside the rest of the brief.