Former chair of the U.S. Federal Deposit Insurance Corp, Sheila Bair, has expressed worries about the upcoming earnings reports of regional banks. According to Bair, there are critical weaknesses that could be exposed, especially in terms of their reliance on industry deposits and concentrated commercial real estate exposure. Bair, who led the FDIC during the
Real Estate
Truong My Lan, a Vietnamese property tycoon, was recently sentenced to death for her involvement in the country’s largest financial fraud case. The state media outlet Thanh Nien reported that Lan was found guilty of embezzlement, bribery, and violating banking rules around lending. The court sentenced her to death for the embezzlement charges and to
The real estate market in China plays a significant role in the country’s economic activity. However, recent fluctuations in home prices have raised concerns about the overall health of the economy. As Richard Koo, chief economist at Nomura Research Institute, pointed out, convincing people that home prices are on the rise is crucial to stimulating
Buying a new home is an exciting milestone for many people, but it can also come with some unexpected financial challenges. According to a recent survey from Real Estate Witch, almost 75% of new homeowners have regrets about their purchase, with property taxes being a common source of sticker shock for 33% of them. When
The real estate market in the United States has seen a significant increase in the number of million-dollar cities. According to a recent analysis by Zillow, there are now 550 “million-dollar” cities in the country, marking an increase of 59 cities from the previous year. This surge in million-dollar cities is attributed to the mortgage
China’s real estate sector continues to face significant challenges that are likely to have a lasting impact on the country’s overall economic growth. A recent report by global investment firm KKR highlights the pressing need to address the problems within the industry promptly. According to Henry H. McVey, head of global and macro asset allocation
Last week, the mortgage rates remained relatively stable, mirroring the previous week’s trend of stagnant mortgage demand. This stagnant trend can be attributed to the high costs associated with purchasing a home and the limited supply in the housing market. Prospective buyers are facing financial constraints due to exorbitant costs, while existing homeowners are finding
The landscape of housing affordability in the United States is grim, with housing costs soaring far beyond the reach of the average household income. According to a recent analysis by Redfin, the typical American household needs to earn a staggering $113,520 annually to afford a median-priced home, a figure that exceeds the average household income
Rent prices for one- and two-bedroom apartments have experienced a significant growth in March, marking the first increase in six months. The cost of a one-bedroom apartment in the U.S. rose to $1,487, a 0.3% uptick from the previous month. Similarly, the price of a typical two-bedroom apartment saw a 0.5% increase, reaching $1,847. While
The recent report from the Mortgage Bankers Association reveals a concerning trend in the housing market – stagnant mortgage demand. Despite the typically active spring housing market, application volume remained flat last week, dropping 0.7% compared to the previous week. This lack of movement in mortgage demand raises several red flags about the state of