Real Estate Pain Is Showing Up in Collateralized Loan Obligations (CLOs)
An obscure investment product used to finance risky real estate projects is facing unprecedented stress as borrowers struggle to repay loans tied to commercial property...
Gold Hits New Peak: Why It's Just Getting Started
Gold’s price soared to an unprecedented $2,195 per troy ounce, marking a significant breakout from its decade-long stagnation. This rally, partly fueled by a buying...
Weekly mortgage demand jumps again, as interest rates fall below 7%
Mortgage rates swung slightly lower last week, fueling a significant jump in mortgage demand for the second straight week. Total application volume rose 7.1%, compared...
Banks With Heavy Commercial Property Exposure See Bonds Get Hit
Bond investors have punished banks with heavy exposure to commercial real estate, potentially adding even more pressure to the lenders’ profits as Wall Street scrambles...
Mortgage demand takes a massive hit as interest rates cross back over 7%
New houses are seen for sale at Woodland Village, built by Lifestyle Homes housing developer, in Cold Springs, Nevada, on June 28, 2023. Andri Tambunan...
December home sales slump to close out worst year since 1995
A delivery man delivers packages in a Los Angeles neighborhood on January 17, 2024. Frederic J. Brown | AFP | Getty Images Sales of previously...
Pending home sales drop to record low
Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National...
Why Bill Ackman thinks the economy will soon need a Fed rate cut
Stock markets are setting up for another day of gains, thanks to Fed Gov. Christopher Waller, who sparked fresh optimism that the central bank is...
David Einhorn’s Greenlight Capital invests in gold
David Einhorn’s Greenlight Capital cut its stakes in its top two holdings, U.S. housebuilder Green Brick Partners and Pennsylvania coal miner Consol Energy , and...
Housing affordability drops to the lowest level since 1984
It’s an unwelcome blast from the past — home buyers are facing the most unaffordable housing market since the 1980s, according to a new report....