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…
I rarely say that Covid caused radical changes in behavior but the commercial property sector is bucking this trend. This is not because of return to office or lack thereof, but leverage and the central bank. In every cycle in…
US commercial real estate prices have plunged 13% from a peak this year, the biggest drop since the global financial crisis of 2008. What is causing the decline in commercial property prices. Is this a blip or will the slide…
There is pretty much a universal theme that there will be a recession in the future. It is like saying that it might rain sometime in the next month. It doesn’t help you much without knowing approximately when it will…
First, the pic above was the leading picture for a listing I looked at. I guess they were stressing the work from home conveniences in the office😊 Unfortunately this could lead to some “interesting” conversations with coworkers. With the back…
When I looked over my shoulder and saw these two fellows staring at me, it made me wonder if they were trying to tell me something. I definitely got the hint! I don’t think anyone would debate that real estate…
If you haven’t gotten a haircut in a while, you are in for a surprise. Haircut prices like many other services in the economy are experiencing large increases. What does the increase in haircut prices mean for the economy and…