Also, US house prices are climbing, supply can’t keep up with demand, and high interest rates are keeping sellers on the sidelines.

And Starbucks has said it will cut about 900 US jobs and close its worst-performing stores there, as well as shut some UK stores as part of a cost-saving move.

(Photo: U.S. President Donald Trump shows a signed executive order on a deal that would divest TikTok's U.S. operations from its Chinese owner ByteDance, at the White House in Washington, D.C., U.S., September 25, 2025. REUTERS/Kevin Lamarque )