The number of cities reporting price declines jumped to 53 from 45, signaling a broadening collapse. Year-on-year, prices fell by a staggering 4.8%, with some estimates suggesting a cumulative drop of nearly 10% from their peak for new homes and 17% for existing ones. This is a massive shockwave rattling the world’s second-largest economy.

Foreign investors pulled a net $37 billion out of U.S. equities in May 2025, marking the largest monthly withdrawal in a year. What’s driving this exodus, how does it compare to historical trends, and what could it mean for markets and everyday investors?

The Shifting Global Economic Landscape The next few years will be shaped by several macro-level forces: unsustainable debt cycles in major economies, fluctuating interest rates, and a transition from a bipolar to a multipolar geopolitical order.