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- Stockland ( SGP ASX ) housing buyer inquiries drop to seven - year low as residential property downturn continues
Stockland's new housing inquiries, a leading indicator of future sales, fell to 10,452 in the three months to September, almost half the 20,183 recorded in the December quarter. That is the lowest level since the September quarter of 2020 and the lowest in at least seven years. The company, the country's largest listed diversified developer, linked the decline to higher interest rates, rising construction costs and broader economic uncertainty that have stifled demand from potential buyers.
- Opendoor is piloting a 2 % down shared equity option in North Carolina
Opendoor is testing a shared-equity program called “Own” in North Carolina, letting buyers put down just 2% instead of the 10% to 20% usually required by conventional lenders. Buyers make one fixed monthly payment over five years, gradually acquiring equity while living in the home, and can buy out the remaining equity at fair market value at any point in that term. Partner Ownify's home fund co-invests to cover the rest of the purchase price. The program remains small and its waitlist is closed, and qualified applicants generally need a minimum 660 credit score and household income of at least $60,000. One analyst said the model would be hard to scale without a large amount of capital.
- Homeownership drifts further out of reach as rates rise | Honolulu Star - Advertiser
Mortgage rates fell below 6% in late February for the first time in more than three years, but have since climbed back to about 7.4% as of Thursday. The rise follows a jump in the 10-year Treasury yield, which the article links to inflation worries, national debt and optimism about AI-driven growth, and rates are not expected to fall significantly soon. Freddie Mac estimates the U.S. had 3.7 million fewer homes than needed in late 2024, and the Federal Reserve Bank of Atlanta's monitor shows homeownership affordability similar to the years before the financial crisis. Higher rates could keep more people renting, potentially pushing rents up, while higher borrowing costs and concessions weigh on homebuilders. The NAHB forecasts single-family homebuilding will fall 4% this year and 3% next year.
- Rising mortgage rates and home prices sidelining buyers but now is the time to purchase , report says
- Stock Market Today , Oct . 16 : Opendoor Slides on Fresh 52 - Week Lows Amid Higher Debt Costs
Opendoor Technologies (OPEN) closed at $2.12 on Oct. 16, down 8.84%, after reports of fresh 52-week lows and higher debt costs, on volume of 64.6 million shares, about 53% above its three-month average of 42.1 million. The stock had hit an all-time intraday low of $1.93 on Oct. 15 and has fallen 80% since its 2020 IPO. In the second quarter, revenue fell to $883 million from $1.6 billion in 2025, and the net loss widened to $162 million from $29 million a year earlier, though Opendoor forecast third-quarter sales to grow 20% year over year. Broader markets also slid, with the S&P 500 down 1.09% to 7,659 and the Nasdaq Composite down 2.14% to 26,140, while Zillow Group fell 1.70% to $31.88.
- Builders slash prices on new homes as buyer traffic drops to 14-year low
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- Pre-IPO Anduril Stock Climbs 50% in 5 Months
Anduril has filed notice of a tender offer that would let some employees sell stock and options, valuing the company at roughly $90 billion. That is 48% above the $61 billion valuation from a May 2026 funding round and about three times its June 2025 level. Reuters projects $4.3 billion in sales this year, which the author calculates at about 21 times sales, and estimates Anduril will lose $1 billion this year, with a first profit possibly not before 2030. Anduril also plans to spend $3.7 billion on a shipyard producing submarine parts for the U.S. Navy, a highly capital-intensive project. The author admires the company but argues that as an IPO and a stock, Anduril is likely to look vastly overpriced.
- Forget GLD. Investors Sent $500 Million to the Cheaper SPDR Gold Fund
Investors put $499.8 million into SPDR Gold MiniShares Trust (GLDM) as of October 14, 2026, versus $181.5 million into the much larger SPDR Gold Shares (GLD). GLDM charges 0.10% a year against GLD's 0.40%, which means $10 versus $40 in annual fees on every $10,000 invested. GLD remains far more liquid, with roughly $1.66 billion traded by mid-afternoon Thursday against about $184 million for GLDM. The article says GLDM suits long-term and new-money buyers, while GLD's liquidity and options market matter more to active traders and options writers. Selling appreciated GLD outside a tax-sheltered account can trigger tax at up to 28%, so investors should review each lot first.
- Nasdaq Jumps Past 1 Percent as VIX Swings While Dow Dips Below Its 50 - Day Line
The Nasdaq Composite rose 1.11% and the S&P 500 gained 0.66% in a session led by big tech, while the Dow Jones Industrial Average slipped 0.07% and settled just under its 50-day EMA near 52,010. The VIX fell 1.55 points to 18.44, even as the Nasdaq-100 volatility gauge jumped 4.24 points. The indexes closed at 7,709.63 for the S&P 500, 26,430.89 for the Nasdaq Composite, 51,966.03 for the Dow and 2,728.30 for the Russell 2000. WTI crude closed at $98.41 per barrel and gold at $4,157.80 per ounce, while the 10-year Treasury yield rose to 5.14%. The article also covers Lockheed Martin and F.N.B. Corporation, which reported third-quarter net income of $152.9 million, or $0.43 per diluted share.
- 44% Of Americans Have Trouble Paying For Basic Necessities As Lifetime Cost Of The American Dream Tops $5 Million
A Pew Research Center survey found 44% of Americans had trouble paying for at least one basic necessity in the past year, and 27% could not pay some monthly bills in full. An Investopedia analysis puts the lifetime cost of the American Dream at $5.32 million in 2026, up 4.1% from $5.11 million a year earlier, with homeownership costs rising 7.7%. The article reports consumer prices rose 0.6% in September and 3.7% over 12 months, above the 3.6% economists expected, mainly due to energy costs. It adds that the 6.32% mortgage rate used in its homeownership estimate no longer applies, because average 30-year mortgage rates are now well over 7%.
- Pfizer Stock Is Finally Showing Signs of Life. Could This Be the Start of a Much Bigger Rally?
Pfizer shares, long overlooked despite solid fundamentals and an attractive valuation, have climbed 18% so far this year, their best performance since 2021, though they remain about 30% lower over five years. The article suggests investors may be rotating from tech into healthcare, citing recent moves in two exchange-traded funds. Pfizer's yield of 5.8% is more than five times the S&P 500 average of 1%. Its trailing P/E of 37 looks high because restructuring and impairment charges weigh on earnings, but its forward P/E of about 10 suggests the stock is still undervalued. The author believes the market will eventually recognise this, although long-term growth questions remain.
- Federal deficit last year was largest since pandemic and voters are noticing
The U.S. federal deficit reached $2 trillion in fiscal year 2026, its highest level since 2021 and more than 6% of GDP, while interest costs alone exceeded $1 trillion, or about $3 billion per day. Treasury Secretary Scott Bessent blamed tariff refunds, the Iran war and high interest rates, and said economic growth would lower the deficit-to-GDP ratio. Many experts doubt growth alone can solve the problem, pointing to an aging population, fewer workers and projected deaths exceeding births within four years. A poll cited by the Peter G. Peterson Foundation found that 92% of voters are concerned debt is pushing up inflation, and 84% say a plan to address it is a deciding factor in supporting a candidate. Social Security and Medicare are projected to become insolvent in 2032 and 2033, and fiscal watchdogs are urging Congress to act.
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