Silicon Valley Bank, proptech hub for real estate clients, collapses
In the most dramatic banking implosion since the Great Recession, regulators on Friday shut down the bank, which boasted ties to proptechs, including Airbnb, Opendoor and OJO.
U.S. government takes control of Silicon Valley Bank - Axios
Wage growth is cooling — but workers still have bargaining power, economists say - CNBC
Senior Israeli official: Saudi-Iran deal result of U.S. "weakness" on ... - Axios
Distress Investor Seeks $6B For New Fund As Market Turns - Bisnow
Community Bank buys Axiom real estate finance firm - Times Union
Inman’s Top 5 stories of the week March 3-9, 2023
Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for March 3-9, 2023.
Monthly homebuyer payments just hit all-time high as spring arrives
The typical monthly payment rose to $2,563 this week despite home prices that were down 1 percent, according to data on Friday. That’s the highest monthly payment on record, up 29 percent from last year.
Luxury home purchases hit record low as buyers eye other investments
Luxury home sales fell 44.6 percent year over year, according to data released Friday by Redfin. Prices are nevertheless still high because inventory is so low, economists say.
SVB collapse a sign of pain coming from end of easy-cash era ... - London South East
SVB collapse a sign of pain coming from end of easy-cash era ... London South East
Luxury home sales plunge, Miami and Hamptons hit hardest - CNBC
Luxury home sales plunge 45%, with Miami and the Hamptons hit hardest - CNBC
Belgium bans TikTok from government phones after US, EU - Daily Independent
Belgium bans TikTok from government phones after US, EU Daily Independent
'Best friends': School's heartbreaking tribute to boys found dead next ... - Evening Standard
CBRE survey: Real estate sector values green certifications for ... - USGBC
Latest jobs numbers take pressure off wages — and mortgage rates
The real estate industry got two kernels of good news in the latest jobs numbers from the U.S. Bureau of Labor Statistics.
Clearline Real Estate reveals plans for apartments in Miami Arts ... - South Florida Business Journal
Clearline Real Estate reveals plans for apartments in Miami Arts ... South Florida Business Journal
The Nassimi Group hitches its wagon to Douglas Elliman
Formerly an independent brokerage, The Nassimi Group has relinquished its indie status to become a 10-person team under Douglas Elliman. In 2022, Richard Nassimi closed roughly $80 million in sales volume.