Wall Street Journal, March 15, 2023–Konrad Putzier, Peter Grant (subscription)A rush by New York City real estate investors to yank money out of Signature Bank last week played a significant …
Category: Top National News
Real Estate Investor Run on Signature Bank Helped Fuel Its Demise
Wall Street Journal, March 15, 2023–Konrad Putzier, Peter Grant (subscription)A rush by New York City real estate investors to yank money out of Signature Bank last week played a significant …
Small Banks’ Big Problem: Too Many Commercial Real Estate Loans
Barrons, March 17, 2023–Randall W. ForsythFor now, steps by the Treasury, the Fed, and the megabanks to shore up smaller banks and stop the deposit hemorrhages have staved off a …
Multifamily Plays the Rent Growth Waiting Game
GlobeStreet.com, March 17, 2023–Erik ShermanThe pandemic set off an unusual time in multifamily. Rents drove upward, responding to increased prices, and things moved very fast. But with the shifts of …
A Landlord Got a Low Appraisal. He Is Black, and So Are His Tenants
New York Times, Mar. 18, 2023–Debra KaminHis allegations of discrimination mirror those of other Black property owners around the country who say that appraisers who are white are using their …
Is Apartment-phobia Driving America’s Housing Crisis?
New York magazine, March 20, 2023–Eric LevitzThe United States is very good at sabotaging itself through policy errors. But few of our nation’s governing failures are as simultaneously needless and …
Where Stress Is Showing in the $20 Trillion Commercial Real Estate Market
Bloomberg podcast, March 20, 2023–Joe Weisenthal, Tracy AllowayMarkets are suddenly on edge due to strains in the financial system. But banks aren’t the only source of stress. Pockets of the …
SVB Collapse Disrupting Bay Area Affordable Housing Projects
GlobeStreet.com, March 20, 2023–Jack RogersThe collapse of Silicon Valley Bank is disrupting affordable housing projects across the Bay Area—where the shuttered bank was the primary lender to non-profits.https://www.globest.com/2023/03/20/svb-collapse-disrupting-bay-area-affordable-housing-projects/?
Treasury Secretary Yellen Says the Government Could Backstop More Deposits if Necessary to Stop Contagion
CNBC, Mar. 21, 2023–Jeff CoxIn remarks prepared for a speech to the American Bankers Association, the former Federal Reserve chair said authorities believe they have taken appropriate actions to stem …
March Rent Report: 65% of U.S. Cities Fail the Affordability Test
WFMZ-TV, Pennsylvania, March 21, 2023–Anna Helhoski If you follow the rule of thumb that households should spend no more than 30% of gross income on rent, then most U.S. cities …