A weekend topic starting with the Telegraph. "The underlying crisis in the banking system continues to deepen as $5 trillion of commercial real estate debt taken out during the zero-rate era comes due in tranches. 'It’s not a liquidity problem;…
A report from the Citizen Times in North Carolina. "Mike Figura, owner of the Asheville-based Mosaic Community Lifestyle Realty, told the Citizen Times that the 2023 home market felt like 'a little bit of an enigma.' 'It looked like prices…
A weekend topic starting with US News and World Report. "What takes place in investors' minds when they buy assets, hold on to stocks, trim their positions and make other decisions with their capital? Behavioral finance explores some of the…
A report from the Journal Star in Illinois. "While the Peoria housing market is definitely still competitive, it’s not as bad as it was just last year, said Peoria real estate agent Nick Schauble. 'The market has really cooled off.…
A report from the Arizona Republic. "During the second quarter, about 30 Phoenix-area ZIP codes saw home prices fall. In the first quarter, about 75 Phoenix-area ZIP codes posted declines in median home prices, compared with roughly 100 during 2022’s…
A report from Go Banking Rates. "What goes up must come down. The market’s downward shift is most apparent in the properties on the high side of the median. According to Redfin, luxury home sales fell by a record 45%…
A weekend topic starting with Yahoo Finance. "As Wall Street debates the cause of First Republic’s troubles, one analyst blames the nation’s top financial regulators. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen were 'advocates of the strategy called…
It's Friday desk clearing time for this blogger. "The National Association of Realtors’ index of pending home sales fell 5.2% to a reading of 78.9 in March, according to data released on Thursday. On a yearly basis, pending transactions plunged…
A report from DS News. "'I was consistently busy in the fall, but things got really quiet in March after the collapse of Silicon Valley Bank,' said Boise Redfin Real Estate Agent Shauna Pendleton. 'That killed the buyer momentum that…
A weekend topic starting with the Telegraph. "Shadow banking is the dog that has not barked during the latest global spasm of financial stress. They behave like banks but cannot tap the emergency window of major central banks in a…