45% of retirees fear outliving their savings

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Nearly half of retirees worry they’ll outlive their savings link

• Forty-five percent of retirees fear outliving their savings, while 25% spend nearly a third of their monthly income on housing. The average retiree has saved about $308,000, which is only half the recommended $600,000 for retirement.

• A significant 43% of retirees would prefer to die sooner than face the financial struggles of outliving their savings. Additionally, 39% report a decline in their living standards during retirement.

• The survey found that 27% of retirees have no retirement savings at all. Nearly half of respondents believe media portrays retirement too positively, while 53% prioritize saving over enjoying their post-employment years.

The best markets for first-time homebuyers in 2025 revealed link

• Harrisburg, PA, leads the list with a median home price of $140,000, offering lower monthly payments than typical rents. The area benefits from a strong economy with employers like Amazon, Hershey Foods, and Penn State Hershey Medical Center.

• Rochester, NY, features the lowest median home price at $129,900 and offers grants of up to $6,000 for first-time buyers through a local assistance program. However, limited housing supply remains a challenge despite strong affordability.

• Florida cities like Villas, Lauderdale Lakes, and Altamonte Springs promise solid price growth of 9% or more, with homes priced well below the national median. North Little Rock, AR, and Lansing, MI, also make the list, thanks to affordability and steady job markets.

Freddie Mac multifamily volume soars 34% in 2024 link

• Freddie Mac's multifamily production reached $66 billion in 2024, marking a 34% increase from the previous year. This included $65 billion in multifamily financing and $1 billion in Low-Income Housing Tax Credit equity investments.

• Over 507,000 affordable rental units were supported, with 65% of production qualifying as "mission-driven affordable housing." Of these units, 93% were affordable at or below 120% of AMI, benefiting low- and very low-income families.

• The company achieved a record $17 billion in Targeted Affordable Housing financing, supporting nearly 133,000 rent-restricted units. It also launched new flexible credit facilities, contributing $2 billion in funding, a 64% increase over 2023.

Data center showing more signs of growth link

• The global data center market is projected to grow at a compound annual growth rate (CAGR) of 15% through 2027, with potential for 20% CAGR. This growth is driven by increasing AI usage and advanced graphics processing units.

• Power challenges may delay developments by up to four years, with solutions like small modular reactors (SMRs) being explored for their robust and green benefits. However, SMRs face hurdles like technology readiness, regulation, and supply chain issues.

• Investor interest remains high, with $170 billion in data center assets requiring development or financing in 2025. Cooling technologies, including liquid and immersion cooling, are also evolving to meet growing operational demands.

Most prospective buyers want turnkey homes, despite higher prices link

• Over 56% of surveyed buyers prioritized move-in-ready homes as their top criterion, citing increased renovation costs as a significant deterrent. Renovation expenses have surged by 60% from 2020 to 2023, according to Houzz.

• Bedroom count was a critical factor for 53.2% of respondents, followed by garages and en-suite bedrooms, which were ranked as very important by nearly half of prospective buyers. Home size was also prioritized by 43.3% of participants.

• Bright MLS's data, spanning states like Maryland, Pennsylvania, and Virginia, reveals that many buyers prefer avoiding DIY renovations. Despite the popularity of home improvement shows, most shoppers want homes ready for immediate occupancy.

Mcdonald's tests small-format CosMc locations link

• McDonald's launched its first CosMc store in Bolingbrook, IL, in December 2023, followed by six locations in Texas. The company plans to open two more small-format locations while closing three larger stores to test new concepts.

• These smaller locations focus on drive-thru and digital experiences, offering unique beverages like the Churro Cold Brew Frappe and turmeric spiced latte. The compact format helps McDonald's experiment with innovative menu updates that cater to diverse customer preferences.

• A report by Placer.ai highlights that CosMc locations are attracting higher-income customers. This trend supports McDonald's strategy of targeting upscale markets with tailored offerings.

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