Office loans showing signs of stress rose slightly, to $1.2 billion last quarter from $1.1 billion at the end of 2023. But stressed CRE loans fell to 26.4% of the portfolio from 26.7%, suggesting problems aren’t worsening. It stock price rose 7% in midday trading
“CRE is very manageable,” Bible says. “We’ll continue to address it.”
M&T added the relative calm perhaps not last. The bank has decided to park its spare cash in its vaults and didn’t spend any of its capital buying back shares from investors last quarter. Nor is it inclined to do so until it has…
real estate business news
More home listings at lowest prices indicate ‘healthier’ Austin market
More homes hit the market in the Austin area in March, inspiring confidence among home sellers while simultaneously boosting options for first-time homebuyers, according to the latest real estate report by Unlock MLS and the Austin Board of Realtors (ABoR).
There were more than 4,700 new home listings placed on the market in the Austin-Round Rock-Georgetown metropolitan statistical area (MSA) in March, which was a 10.2 percent increase year-over-year from March 2023. Housing inventory in the Austin area has now climbed for two straight months, after a previous real estate report showed more than 3,900 new home listings were added…
The Fever Dream of Landing an Apartment
Felicia Russo says her friends tell her she seems calm. But she says she’s freaking out on the inside: Her housing search is keeping her up at night.
Also part of the problem: Lately, she finds herself sleeping in a toddler bed.
For six years, Ms. Russo, 40, lived on the first floor of a cape-style house in Queens around New Hyde Park, Long Island, where he grew up. She was paying $1,400 a month for the space, but she’s been without housing to call her own ever since her lease there expired in mid-March.
For a couple weeks, she…