Spotlight

Market Update | Oct 30

Jon Granston | November 12, 2025

Filtering through this weeks headlines...

Top Headlines: Delivered by Advisory | Leonard Steinberg

October 30, 2025

01 The real estate industry makes up anywhere from 14 -18% of the US’s GDP. A coming boom could have an enormous impact on the U.S. economy. Sellers, builders, contractors, lawyers, accountants, brokers, insurers, retailers and countless other small- and mid-sized businesses that are both directly and indirectly connected to this industry will benefit. For this to happen mortgage rates will have to fall below 5.5%: almost two-thirds of mortgage holders have rates between 3 - 6%.

(The Hill)

02 Keep your face always toward the sunshine—and shadows will fall behind you.

— Walt Whitman

03 San Diego Zoo — HalGLOWeen: Held Fridays through Sundays in October (including this weekend), HalGLOWeen offers glowing themed zones, educational animal chats, and lighthearted Halloween decor — great for families who prefer less scary.

(San Diego Zoo)

04 The 2025 Breeders’ Cup returns to Del Mar this Friday and Saturday, bringing two days of world-class racing, fashion, and Southern California energy to the coast. With Kentucky Derby winner Sovereignty out due to illness, all eyes turn to Fierceness and defending champion Sierra Leone in the $7 million Classic. From the paddock to the Pacific backdrop, Del Mar once again proves there’s no better stage for racing’s biggest weekend.

(Breeders' Cup 2025)

05 Third-quarter like-for-like sales rose by 9.6% at Hermès, an important indicator of the health of the ultra-luxe-consumer.

(FT)

06 Expensive cars (or expensive homes?) are very profitable: While Porsche’s vehicle sales only accounted for 3.6% of Volkswagen’s deliveries on a 3-year average, the brand produced almost 30% of the group’s operating profit. The profit margins on expensive products are traditionally much higher and have the capacity to grow more as wealth expands.

(FT)