Fasten your seat belts – Federal Reserve Chairman Jerome Powell isn’t done with rate hikes. In a speech this morning before an economic policy symposium in Jackson Hole, Wyoming, Powell insisted that the central bank’s goal of driving inflation down to 2% may require...
The Federal Reserve announced another hike in the federal funds rate that brings it to a 22-year high. The central bank’s policymaking Federal Open Market Committee (FOMC) voted unanimously on a quarter-percent increase that brings the rate range to 5.25% to 5.5%. In...
The four federal banking regulators have called on the nation’s financial institutions to “work prudently and constructively” with credit-worthy clients that are dealing with pressure related to the commercial real estate market. The statement from the Federal...
An abandonment of San Francisco commercial mortgages, the Fed presses the pause button and President Biden’s unlikely railroad idea. Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss: I Left My Mortgage in San...
After today’s announcement by the Federal Reserve that it is pausing its strategy of raising interest rates, one of the nation’s most prominent housing economists has called on the central bank to back off from future hikes. Lawrence Yun, the chief...
Hurricane Isaias Strikes Florida Panhandle as $71.8 Billion in Commercial P…
