Housing Affordability (US): Realtor.com says June’s record median home price didn’t stop affordability from improving year over year, driven by wage growth outpacing prices and easing mortgage rates—though Tennessee listings are taking longer to sell, giving buyers more choice. Policy Shock (Australia): A new federal budget tightens investment incentives by limiting negative gearing to newly built homes and removing the blanket 50% CGT discount, a major shift that could reshape investor demand and deal flow. Mortgage Credit (Eurozone): The ECB’s bank lending survey finds euro-area lenders tightened credit for companies and mortgages, with mortgage hurdles rising sharply—raising the bar for would-be buyers. Development & Supply (US): Congress’s new housing law ties federal aid to how quickly states build, putting pressure on Maryland as homebuilding lags. Construction Risk (Cape Town): Cape Town industrial developers are increasingly starting speculative projects without tenants, betting on sustained occupier demand and land scarcity. Institutional Capital (India): Cushman & Wakefield reports resilient real estate investment into India, led by GCCs and data centres, with $1.9B in Q2. Commercial Real Estate (Dubai): Savills says Dubai’s office market is more balanced in Q2, with resilient demand for premium space and more leasing in smaller units. Industry Moves: Hines elevates its India head to lead Asia-Pacific and Middle East; Lathrop GPM combines with HG Law to expand IP depth across US and into London and New York. Fraud & Legal: A Palau bill creates a broad fraud offense to close gaps used by scammers, while SBS gets bankruptcy deadline extensions tied to FCC review of broadcast-license ownership.