Trump's big beautiful bill: Which states score the biggest tax breaks?

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Senior living faces a massive shortage as boomers age into demand surge link

• More than 4 million boomers will turn 80 in the next five years, but only 4,000 new senior living units are expected in 2025–26, while demand calls for 100,000 new beds per year through 2040. Occupancy is already climbing and annual inventory growth has dropped below 1% for the first time since 2006.

• Ventas, a $31 billion REIT, is buying senior housing assets at below replacement cost, reporting initial returns in the 7% range and potential IRRs in the low-to-mid teens. The firm controls 850 communities and sees demand growth of 28% in five years.

• Average rents at facilities like Aegis are around $12,000 a month, with rents rising nearly 5% annually across the sector and even higher in some markets. Higher interest rates are stalling new construction, creating an imbalance investors see as one of the strongest entry points in decades.

Net-lease deals surge 27% despite Q2 slowdown link

• Net-lease investment hit $46.7B for the year ending Q2 2025, up 27% year-over-year, outpacing the overall CRE market’s 19% gain. Quarterly volume, however, dipped 11% to $9.9B.

• Industrial still leads with $5.5B in Q2, but its share slipped to 56% from 58% last year. Retail gained ground with a 9% jump to $2.3B and now makes up 23% of net-lease activity.

• Cap rates averaged 7.0% in Q2—flat quarter-over-quarter but up 32 bps from last year—while spreads over the 10-year Treasury narrowed to 259 bps as yields ticked up to 4.4%.

Commercial real estate lending surges 66% in Q2—office loans up 140% link

• Total commercial and multifamily mortgage loan originations jumped 66% year-over-year in Q2 2025, with a 48% gain from Q1. Office property loans led the surge with a 140% increase.

• Multifamily originations fell 35% year-over-year, while hotel loans dropped 30%, showing sharp contrasts in lending appetite across sectors.

• Depositories more than doubled their lending volume (+108% YoY), while CMBS loans slipped 10%, signaling banks and balance-sheet lenders are stepping in as securitization slows.

Homebuyers wait it out—affordability crisis deepens despite 10-month low in mortgage rates link

• First-time buyers now make up just 24% of the market, the lowest share on record, with the median age of first-time homeowners hitting 38—up from late 20s in the 1980s.

• Even with rates down to 6.5% from pandemic lows below 3%, 75% of prospective buyers say they’re waiting for both prices and rates to fall before purchasing.

• More than half of Americans (51%) said they won’t buy this year at any mortgage rate, while a third said rates would need to fall below 6% to feel comfortable buying.

Home prices slip again in 39 of the Top 50 U.S. Metros link

• U.S. home prices fell 0.1% in July, marking the third straight monthly drop, while annual growth slowed to 2.9%—the weakest pace since Redfin began tracking in 2012.

• A record 39 of the 50 largest metros saw month-over-month declines, with the steepest drops in West Palm Beach (-2.6%), San Diego (-2.2%), and Austin (-1.9%).

• Year over year, New York (+11.8%) and Newark (+9.3%) led gains, but Austin (-4.5%), Tampa (-4.2%), and Dallas (-2.6%) posted the sharpest losses.

Trump’s ‘big beautiful bill’: Which states score the biggest tax breaks? link

• In 2026, the average taxpayer saves $3,752, but the benefit falls to $2,505 by 2030 before rebounding to $3,301 in 2035 as inflation boosts permanent cuts.

• Wyoming, Washington, Massachusetts, Florida, and D.C. lead with average state-level tax breaks topping $4,900–$5,300, while Mississippi, West Virginia, and Alabama average below $3,000.

• Resort counties show extreme disparities: Teton County, WY, averages $37,373 in 2026 tax cuts, Aspen’s Pitkin County sees $21,363, while rural Loup County, NE, gets just $824.

Tool of the Day - GreenLite

GreenLite is an AI-driven permitting platform that standardizes and automates the once-manual construction permit process across jurisdictions. It can reduce the time and labor needed for plan review by up to 75% per project, allowing developers to obtain permits faster while easing the burden on municipal building departments.

Inside Real Estate Launches AI-Powered Home Search That Thinks Like a Buyer – link

The new platform uses natural language and personalization so buyers can search listings the way they actually talk — making discovery faster and more intuitive.

AI Is Ushering in a New Era of Efficiency for Property Management – link

From automated leasing to smart maintenance, AI is streamlining day-to-day operations — cutting costs while boosting tenant satisfaction and retention.

10 Real Estate AI Agents to Supercharge Lead Gen in 2025 – link

A new wave of AI assistants is helping agents qualify leads, follow up instantly, and convert faster — turning prospecting into a 24/7 operation.

Generative AI Is Reinventing How Buyers Discover Properties – link

By turning vague buyer requests into tailored listings, generative AI is making property search more intuitive and personalized than ever before.

Conversions Could Add Up to $207.9B Across Major U.S. Cities

Where New Construction Thrives: Top Metros for 2025

Apartment demand shatters records in 15 U.S. cities

Industrial leasing trends

Six Rare Housing Markets Where Buying Power is Growing 

Proptech Startups That Just Got Funded

Americans cut back on drinking—lowest rate in 90 years link

• Only 54% of U.S. adults now say they drink alcohol, the lowest share in Gallup’s 90-year trend and down sharply from 62% in 2023. Women drove much of the decline, dropping 11 points in a single year.

• For the first time, a majority (53%) believe even moderate drinking is bad for health, up from just 28% in 2018. Young adults lead this shift, with about two-thirds saying it’s harmful.

• Among drinkers, average weekly consumption fell to 2.8 drinks, the lowest since 1996 and down from 3.8 just last year. A record 40% of drinkers say they haven’t had alcohol in over a week.

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