A report from NBC News. "Silicon Valley Bank is shutting down. The California Department of Financial Protection and Innovation said Friday that it was taking over and closing the distressed bank to protect deposits, naming the Federal Deposit Insurance Corporation…
A weekend topic starting with the Real Deal. "For years, venture capitalists and tech firms from California descended on South Florida. But the industry’s foothold on the market began to falter last year. And now, in the aftermath of the…
A weekend topic starting with WBUR in Massachusetts. "The great unwinding of Silicon Valley Bank’s ambitions has a special sting in Boston, where the failed bank’s parent had vacuumed up two local institutions in recent years, part of its bid…
It's Friday desk clearing time for this blogger. "Lee Roberts, 74, the retired CEO of Fort Worth-based RadioShack, has put his five-bedroom, 10-bathroom home at 4400 Overton Crest St. up for auction. Roberts and his wife invested $12 million in…
A report from Bloomberg on California. "The collapse of Silicon Valley Bank has dealt yet another blow to San Francisco’s depressed housing market, dashing agents’ optimism that conditions would finally start to improve. 'Not a single buyer has expressed interest…
A report from the Idaho Statesman. "The median price of a single-family home in Ada County in February was $492,115, according to the Intermountain Multiple Listing Service. That’s down 10.5% from February 2022, when the median price was $549,900. In…
A report from DS News. "Auction.com, a real estate auction site offering existing and aspiring investors access to (mostly) distressed assets, generated very revealing information about the state of real estate assets throughout 2022. Over the year, buyer behavior began…
https://www.youtube.com/watch?v=iDVfCaD31ys https://www.youtube.com/watch?v=Dw_zK2avv_c
A report from ABC 7. "The feds shut down New York-based Signature Bank to protect investors following the collapse of the Silicon Valley Bank. Signature Bank is a big cryptocurrency lender in New York. On Sunday, the Federal Deposit Insurance…
A report from the Jax Daily Record in Florida. "In St. Johns County, which has been the longtime market leader, the median price fell from $526,500 in January to $510,000 in February. In February 2022, the median price in St.…