Rates Flat, Gucci Goes Liquid, Houston Scandal, and a $200M Aussie Home
The only show where mortgage rates nap, Gucci’s landlord is pawning Fifth Avenue, and Houston’s real estate scene makes bankruptcy court look like prime-time TV.
Mortgage rates may be steady, but real estate headlines are anything but. In today’s Daily Market Update, Teresa breaks down:
Mortgage rates holding around 6.6% while markets await tomorrow’s PCE inflation data.
Regional housing sales diverging—Midwest and Northeast rising, South and West cooling.
Gucci’s parent company, Kering, exploring a sale of its €4B real estate empire, including Fifth Avenue and Milan’s Via Monte Napoleone…
The skinny
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