Homebuyers are sitting out the market as pending sales hit six-month low

Key takeaway: Market watchers say the groundwork has been created over the years for regulators to now establish guidelines for tokenized bank deposits. Expert quote: “This gives banks another tool in their toolbox to be able to compete with crypto and fintech firms, which helps banks and potentially levels the playing field.” —Graham Steele, University…

A penthouse at Naftali Group’s Upper West Side project and a condo at the Flatiron Building conversion snagged the priciest contracts inked in Manhattan last week.  The sponsor units were among the 19 homes in the borough asking $4 million or more that found buyers between Sept. 14 and Sept. 20, according to Olshan Realty’s…

The S&P 500 Index ($SPX) (SPY) is down by -0.44% today, the Dow Jones Industrial Average ($DOWI) (DIA) is down by -0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.96%.  E-mini S&P futures (ESU26) are down -0.46%, and September E-mini Nasdaq futures (NQU26) are down -0.98%. Stock indices are trading lower today, with the S&P 500…

Sancus Lending Group is expected to report an operating loss before tax of £3.4bn for the first half of the year, citing the geopolitical and macroeconomic environment. This would be a deepening of its loss of £900,000 in the first half of last year.  Although the group said its business had been impacted, it…

Priorwas 51.0 Current conditions 50.9 vs 51.3 exp Expectations 45.8 vs 50.5 exp One-year inflation 4.6% vs 4.0% exp Five-year inflation 3.4% vs 3.3% exp Those inflation expectations numbers will further tilt the Fed towards hiking rates next week. I think it’s a done deal now and the market has it at 82%. This article…

The Five Star Institute Webinar Series will feature Emergency & Priority Dispatch Readiness: Storm Response and Time-Sensitive Work in partnership with VRM Mortgage Services. The webinar will be from 1-2 p.m., Tuesday, Aug. 18, and is open to all industry professionals. The Five Star Institute webinar series aims to broaden the horizons of the mortgage…