What's behind the recent surge in rental growth?

Is the recent surge in rental growth an indicator of tightening rental markets? According to a new report from Capital Economics, analysts are optimistic about the rental market’s outlook but were surprised at the boost in growth. So, what’s behind this acceleration and will it continue?
Source: HousingWire Magazine

Blue skies ahead, or is the housing market falling off a cliff?

People who track the housing market got a dose of data whiplash this week. At 9 a.m. on Tuesday the S&P CoreLogic Case-Shiller index showed the housing market cooling for the 11th straight month. An hour later, NAR released its pending home sales report showing a spike in signed contracts. So, which is it? At the most critical time of year for the housing market – the onset of the spring buying season – is demand falling off a cliff or picking up speed?
Source: HousingWire Magazine

Hancock to buy MidSouth Bancorp for $213 million

MidSouth had spent the last two years improving credit quality by reducing its exposure to energy credits.
Source: American Banker

Slowing economy will dampen home remodeling considerably in the next year

Home remodeling activity is expected to cool down considerably in 2020 as the economy slows. Gains on home improvement and repair spending are projected to continue to decline through early next year, according to the latest from the Joint Center for Housing Studies of Harvard University, reaching a low the market hasn’t seen since 2013.
Source: HousingWire Magazine

Colorado real estate brokerage 8z Real Estate expands into homebuying

In a move that’s becoming more and more commonplace, Colorado real estate brokerage 8z Real Estate revealed this week that it plans to begin buying and selling houses directly from the market. The company, which has 15 offices in Colorado and did more than $1 billion in real estate sales last year, is calling its iBuyer offering 8z Offers.
Source: HousingWire Magazine

Obey Congress or Trump? Deutsche Bank, Capital One in no-win situation

Congress has broad subpoena powers to demand the president’s financial records, but no bank wants to disclose confidential information about a powerful client.
Source: American Banker

Step on it: Banks pressured to speed up merger integrations

Rising premiums and lengthy earn-back periods have made investors more skeptical than ever about M&A. So the sooner banks are able to convert systems and rebrand, the sooner they’ll be able to meet the promised cost-cutting and revenue targets.
Source: American Banker

Inside Varo Money's three-year quest for a bank charter

Colin Walsh, Varo’s chief executive, says the disruptor has hired several former regulatory officials to help in what has admittedly been “a difficult process.”
Source: American Banker

New York launches its own 'mini CFPB'

The Department of Financial Services has created a statewide financial protection division focused on corporate compliance and consumer issues, in line with steps taken by New Jersey and Pennsylvania.
Source: American Banker

Comment on The Decline of Appraisers by Denise STEFANELLI

I absolutely agree. I’m 63, gave up on making a living being an appraiser. Worked for me for a long time (6 figures), now I don’t make enough to pay my expenses.

Source: Working RE Magazine