US commercial real estate prices have fallen this year for the first time in more than a decade, according to Moody’s Analytics, heightening the risk of more financial stress in the banking industry. What property types are declining? (hint not…
In the past recessions, especially in 2008, just prior to the crash we saw a big pull back in luxury purchases. This was an early indicator of huge drops in real estate prices. Currently we are seeing a resounding change…
It was already difficult for businesses and households to borrow money earlier this year — but after the collapse of three US regional banks and a cascade of rate hikes by the Federal Reserve, getting money has become considerably harder.…
I always cringe when I see a press release that “regulators” have a solution! FHA has yet another new proposal that sounds great on the surface, but as typical misses some very important items that will cost taxpayers millions or…
Interesting times we are in. Consumers keep spending big on services like travel and eating out, but on the flip side Home Depot just reported its first drop since the pandemic. On the other hand Target tops earnings estimates. …
US commercial real estate prices fell in the first quarter for the first time in more than a decade, according to Moody’s Analytics, heightening the risk of more financial stress in the banking industry. What property types are declining? (hint…
The share of Americans who say they live paycheck-to-paycheck climbed last year, and most of the new arrivals in that category were among the country’s higher earners (greater than 100k), a new study shows. Furthermore 24% had issues paying…
US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses. Why the sharp pullback in lending? What does this mean…
As the banking crisis unfolds, the media continues to focus on depositors and shareholders. Although both are important, there is an even bigger issue that is not being discussed. According to the FDIC, community banks made 67% of all commercial…
As a private lender, my call volume and closings the first quarter have been off the charts as borrowers fall out of more conventional products. This trend is now playing out with the Mortgage Credit Availability Index showing substantial tightening…