But after 10 rate hikes, the housing market — traditionally one of the most interest-rate-sensitive areas of the economy — is anything but predictable.
HSBC is halving the size of its global headquarters and moving out of Canary Wharf, a business district built in the abandoned docklands of east London in the 1980s.
The pandemic is over, yet Covid’s effect on white-collar work remains: People love working from home, it turns out, and corporations have been unable (despite their best efforts) to get folks back in the office full time.