A sharp downturn in commercial real estate performance could have a big impact on the banking sector, but not big enough to destabilize the financial system, according to analysis from one of the top real estate economists in the country. More than 300 banks have enough commercial real estate loans on their books to see
Ubiquitous and unremarkable, self-storage solves a deeply American problem: what to do with too much stuff. A bunch of empty rooms near a highway is not the sexiest part of a property portfolio. Yet few property assets have matched their performance lately.. One reason is more people moving house. (Ron Havner, former boss of Public
For-sale housing supply saw its biggest drop in over a year, with inventory now almost 40% below levels seen in mid-2018, according to new data from Redfin. The total number of home listings tumbled 6.3% year-over-year for the four-week period ending June 11, the largest decrease in 13 months, the online real estate brokerage said.
Retail and wholesale originations of one- to four-family mortgages dropped sequentially in the first quarter, while home prices increased at a slower rate. The Federal Housing Finance Agency House Price Index growth slowed to 4.3% year over year. Retail originations fell 64.9% and wholesale originations dropped 60.5% year over year, according to an S&P Global
I have been fascinated with arbitrage opportunities for decades. In cases where the same asset is traded in multiple markets or very similar assets are traded in the same market, opportunities can arise to earn profits at relatively low risk, at least in theory. As computer algorithms get more sophisticated, it is logical to think
More bank insiders are buying shares in their own companies, a vote of confidence in the industry after a crisis sparked by the collapse of four regional lenders earlier this year. The number of buyers has already jumped to 778 in the second quarter through May 26 from 524 in the first three months of
We are short shares of Carvana Co. (CVNA), a $4bn market cap online platform for buying and selling used cars. Originally hyped up as an innovative disruptor, Carvana is now recognized to be just a poorly run auto retailer struggling under the challenges of a severe industry downturn and the unsustainable burden of $6.5bn in
CNX first came across the desk last summer when Andrew Walker wrote about the name. The small introduction made me curious. This Nat Gas operator didn’t care for the highs and lows in the O&G space and opted for a hedging strategy to try and make the cash flows as predictable as possible. They sought
Creative Realities (CREX) – Potential Takeover While the stock is already 46% up since my initial pitch, the case has some further potential. Digital signage hardware and software provider Creative Realities received and rejected 3 takeover proposals from a major long-term shareholder and debt holder Pegasus Capital due to undervaluation. Shares now trade 20 cents