If we can’t make it better, we don’t get involved.

Oil snapped back on renewed Iran tensions even as inflation finally cooled, the Fed held a fifth straight time while long rates pushed higher, the job market stalled outright, the national apartment market turned a corner, and the housing bill we flagged last month became law without a signature. Here’s what stood out in July, and how we’re reading it.

Melville Apartments was acquired via lender-involved short sale at a basis roughly 13% below the outstanding debt balance, in partnership with Dallas-based Byers Residential.

Oil retreated even as the Iran conflict stayed fragile, inflation reaccelerated, the Fed held a fourth straight time, the AI buildout kept reshaping the cost curve, and we’re turning our focus home to Chicago. Here’s what stood out in June, and how we’re reading it.

April CPI hit 3.8%, the FOMC minutes confirmed a majority leaning toward firming, multifamily distress moved to the coasts, and the rental market split into two distinct markets. Here’s what stood out in May, and how we’re reading it.