Redfin reports U.S. home sellers outnumber buyers by 63%, the largest supply-demand gap in at least 13 years.

Beijing municipal party and government offices published implementation opinions launching a citywide pilot to extend second‑round rural land contracting agreements by 30 years upon their expiry. The directive reaffirms household contracting as the foundational arrangement and an extension‑not‑reset principle, mandates household‑level extensions using existing contracted‑land registration and certification records, and prohibits renegotiation, redistribution, illegal adjustment or recovery of contracted land, stressing legal protection of farmers’ rights and long‑term stability of land‑contracting relationships.

TSMC (TSM.N) expects Q4 revenue of $52.2–54.3 billion.