Higher HCBS state spending linked to aging-in-place likelihood
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How a handful of projects reshape Manhattan’s luxury markets
Just a handful of addresses are driving the luxury market in some of Manhattan’s priciest neighborhoods. Last quarter, signed contracts at the borough’s hottest new developments accounted for hefty shares of the luxury volume in their respective neighborhoods, boosting activity and, in some cases, doubling the median price per square foot. The findings come from…
Bank of Canada holds rates at 2.25% as outlook improves
By Erik Hertzberg (Bloomberg) — The Bank of Canada held interest rates steady for a sixth consecutive meeting as policymakers see the economy rebounding and oil price-driven inflation fading. Officials led by Governor Tiff Macklem kept the policy rate at 2.25% on Wednesday, matching expectations of economists in a Bloomberg survey and traders in overnight…
BOCHK and Ant International Announce Strategic Partnership on Cross-Border Payments and Fintech Innovation | LeapRate
Bank of China (Hong Kong), or BOCHK, and Ant International said Thursday that they have entered into a strategic partnership aimed at strengthening cross-border payment connectivity and developing new corporate financial service solutions through fintech and artificial intelligence. The agreement is said to bring together BOCHK’s banking infrastructure with Ant International’s fintech and AI capabilities….
U.S. household delinquencies improve: NY Fed quarterly report
(Bloomberg) — The share of overdue consumer loans fell slightly in the second quarter, and so did some measures of newly delinquent debt, pointing to improvements for the U.S. consumer. The total balance of loans delinquent at least 30 days declined to 4.7%, according to the Federal Reserve Bank of New York’s Quarterly Report…
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You Won’t Believe Why Mortgage Rates Are Going Up (Again)
Dave:Mortgage rates just climbed back over 6.7%. And while we’re all used to a lot of volatility in the mortgage market these days, here’s the part that should get your attention. It happened on the same day we got an inflation report that looked, at least on the surface, like good news. And that disconnect…
