Equity Union expands into Nevada, first market outside California

This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here. Hi, let’s get into today’s news at the intersection of policy and real estate: HPD is tweaking a 421a rule, giving developers with noncompliant affordability plans a chance to switch paths…

Meanwhile, senior housing construction starts have declined approximately 67% since 2021, falling from more than 30,000 units to roughly 10,000 in 2025 — driven by elevated interest rates, rising construction costs, and labor constraints that have transformed origination conditions across the commercial real estate lending market. “The demographic wave is no longer something on the horizon….

Key Points Until the price of Bitcoin recovers, the business model of Bitcoin treasury companies will remain under immense strain. During the summer, Strategy sold Bitcoin at $60K and then bought it back weeks later for $80K. Investors looking for exposure to the upside potential of Bitcoin are better off just buying it directly. 10…

Key insight: After two press conferences with scant policy explanations for forward guidance, market participants and banks are questioning the credibility of the Warsh-led Federal Open Market Committee to raise rates to combat inflation. Expert quote: “The vacuum from Warsh declining to give a reaction function — not just forward guidance — means the market…

Mortgage rates were rapidly approaching 10-month highs as of yesterday afternoon. They managed a friendly bounce today, but it was fairly small with the average lender dropping 0.03% to 6.5% for a top-tier 30yr fixed scenario. One reason for caution is that the rate improvement looks to be dependent on oil price volatility after this…

A stunning glass modernist estate, with jaw-dropping views of Fire Island and the surrounding Atlantic Ocean, has once again received a massive price cut. Originally listed in July 2026 for $5,250,000, the four-bedroom Cherry Grove residence known as Crest House dropped to $4,850,000 a few weeks later. “Cherry Grove is a uniquely special place, and…