A report from ABC News. "A slice of paradise in Montana is suffering economic disruption. Seeley Lake’s problem lies in its lack of a centralized sewer system. The Missoula County community’s reluctance to come up with a plan to replace…
A report from Vail Daily in Colorado. "If Eagle County’s 2023 real estate dollar volume had immediately followed 2019, it would have been a new record. Instead, it represents a significant drop from the pandemic years. Meanwhile, the number of…
A report from the Daily Mail. "New York City real estate developer Nir Meir and other industry executives were indicted for stealing $86 million from investors through a failed luxury apartment development. Meir, 49, and several other executives from HFZ…
A report from the Telegraph. "Almost half of America’s 4,800 banks are already burning through their capital buffers. They may not have to mark all losses to market under US accounting rules but that does not make them solvent. Somebody…
It's Friday desk clearing time for this blogger. "Seattle-area home prices dropped again in March. The median single-family home in King County sold for $840,000 in March, down about 10% from a year earlier, according to the Northwest Multiple Listing…
A weekend topic starting with Global Finance. "Avaya Holdings Corp, Tuesday Morning, Sorrento Therapeutics—what’s the common thread between these very different companies? Within a few days, the three of them went bankrupt. 'We have had almost unlimited credit for 10…
A report from DS News. "As the housing market took its twists and turns to close our 2022, Fannie Mae felt the impact of a market in flux. Fannie Mae’s net income decreased $9.3 billion in 2022, compared with 2021,…
A report from the South Haven Tribune. "People in the South Haven area who want to earn extra income by renting their homes to vacationers may want to reconsider their options. According to a study, the short-term rental market in…
A weekend topic starting with Fortune. "A new era of higher borrowing costs and more cautious lenders—coupled with slowing growth and recession fears—has frozen once-red hot segments of the U.S. economy. Logan Allin, founder of Fin Capital, a fintech-focused VC…
A report from Twin Falls KMVT. "In markets saturated with buyers, like many areas of Idaho, buyers backing away from the market should mean stronger negotiating power and, eventually, lower prices. According to mortgage expert GP Theriot, the market is…