Mega investors effectively banned themselves from the single-family market

The latest data on spending shows it continues to outrun income growth as higher prices absorb more of the household budget. June offered another example: The Personal Consumption Expenditures reading for that month indicated that consumers increased their spending 0.3% from May while personal income, disposable income and wages each rose 0.2%, as reported by…

Apple has sued OpenAI and two of its employees, alleging that they stole trade secrets from Apple to support OpenAI’s development of devices. The OpenAI employees named in the lawsuit, Chief Hardware Officer Tang Tan and technical staff member Chang Liu, are former Apple employees, the Wall Street Journal reported Friday (July 10). The suit alleges that Tan emailed himself information about…

National sales growth has been downgraded modestly following a weaker-than-expected first quarter. TD does not see sales recovering to pre-pandemic levels until the second half of 2027, constrained by weak population growth and soft labour market conditions through the forecast horizon. Saskatchewan leads the country The clearest outperformer is Saskatchewan, where year-on-year price growth was approaching…

A sign at BP Plc petrol station in London, UK, on Monday, Aug. 4, 2025. Bloomberg | Bloomberg | Getty Images BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq on Friday as Washington seeks to bolster the country’s energy sector and reduce the region’s reliance on routes vulnerable…

You’re making $80,000 a year — enough to finally feel like homeownership is within reach. But how much house you can afford might be different from how much house you want. Before you start your search, it helps to understand how much house an $80,000 salary can comfortably support, so you can stay within budget…

Mortgage application activity pulled back last week as higher borrowing costs weighed on both home purchase and refinance demand. The Mortgage Bankers Association (MBA) reported a 6.4% decrease in total application volume on a seasonally adjusted basis for the week ending July 24. Purchase applications decreased 4% from the previous week on a seasonally adjusted…