A weekend topic starting with The Street. "Research from real estate investment firm Amherst Group, as cited in Forbes, shows that the housing market is overvalue by as much as 40%. Amherst manages $16.8 billion in capital for investors and…
A report from Bloomberg. "Starwood Capital Group, led by Barry Sternlicht, is exploring a sale of more than 2,000 single-family rental homes. SREIT owned 3,210 single-family rental homes valued at $1.26 billion as of March 31, according to a filing.…
A report from the American Statesman in Texas. "The chief appraiser for the Williamson Central Appraisal District told county commissioners this month that the median market value of a home in the county fell about 12% in 2022. Chief Appraiser…
A weekend topic starting with Suncoast News in Florida. "More dramatic will be changes to large commercial tracts on the highway, such as the moribund Universal Plaza in Holiday, which recently showed up on a video with human excrement dotting…
A report from Banker and Tradesman. "Last year may have started off with a bang for many Massachusetts loan originators, but the sprint rapidly slowed to a jog, and then a slog. 'I specifically remember the turning point was very…
It's Friday desk clearing time for this blogger. "According to the Realtor Association of Sarasota and Manatee, fewer Bradenton area homes changed hands in April than a year ago. Homes were also taking longer to sell and sellers weren’t always…
A report from the Idaho Statesman. "There were 373 total sales in Canyon County last month, 25% lower than they were this time last year. The median price of a single-family Canyon County home last month decreased 1% to $389,990,…
A report from the Star Advertiser in Hawaii. "High interest rates continue to subdue Oahu's housing market where prices pushed down this year could remain flat in 2024, according to a University of Hawaii analysis. The Honolulu Board of Realtors…
A report from Reuters. "Shares of U.S. regional banks fell premarket on Thursday, hurt by a 37% slump in PacWest Bancorp after its announcement about exploring strategic options including a potential sale or capital raising, after a liquidity boost announced…
A report from the Washington Post. "Federal regulators have seized First Republic Bank and sold it to JPMorgan Chase Bank in a deal aimed at quelling renewed weakness in the nation’s banking industry. In a statement issued early Monday, the…