Many Americans are house-rich, at least on paper. Thanks to skyrocketing housing prices, homeowners are now sitting on nearly $30 trillion in home equity, according to the St. Louis Federal Reserve — just shy of the 2022 peak. That’s roughly $200,000 cash per homeowner in equity that can be tapped, which is the amount most lenders
China’s real estate sector is going in “two directions,” and even though further stimulus is expected, a recovery will not likely happen soon, according to a former advisor to the People’s Bank of China. “The property market right now in China is actually two-fold. It’s actually going into two directions,” Li Daokui, now a professor
In this article AVD Follow your favorite stocksCREATE FREE ACCOUNT Bluecinema Picture this: You come home after a long day. As you approach your front door, you reach for your keys — but don’t feel them in your pocket. You quickly realize you’re locked out of your home. Luckily, on-call locksmiths are available to help.
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Jasondoiy | Istock | Getty Images Coming up with a large chunk of cash for a down payment is likely the first thing that comes to mind when people think of buying a house one day. But you probably don’t need as much money as
Apartment rents have been cooling off sharply for several months, and they look like they’re about to go negative compared with a year ago. Rents in August were just 0.28% higher than August 2022, according to real estate tech platform RealPage. Compare that to a year ago, when rents were posting 11% annual growth. With
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Undefined | Mint Images Rf | Getty Images OK, not all financial advisors wear capes. But many are superheroes to their clients. Advisors, however, do wear many hats because they play a key role in the lives of their clients as they help align their
A “For Sale” sign hangs in front of a home in San Mateo County, California, Aug. 22, 2023. Liu Guanguan | China News Service | Getty Images Higher mortgage rates continue to take their toll on mortgage demand, especially for refinancing. Total mortgage application volume dropped 0.8% last week compared to the previous week, according
“I’ve always been interested in the fiscal health of a city or county, it goes to the health of the people really,” Rob Widigan said. Title: Deputy chief financial officer Firm: Wayne County, MichiganAge: 33 Rob Widigan, deputy chief financial officer of Wayne County, Michigan, has a history of helping to build fiscally stable communities across his state. Rob
Matthew Stitt, 35, co-director at the PFM Center for Budget Equity & Innovation. Title: Co-Director, PFM Center for Budget Equity & InnovationFirm: PFMAge: 35 Matthew Stitt is a director and national lead for equitable recovery and strategic financial initiatives in PFM’s Management and Budget Consulting team. He advises public sector leaders on structural changes, budget
“I try to bring a unique perspective to problem solving for my clients’ transactions, particularly with respect to unrated transactions,” said Carrie J. Cecil, a partner at Frost Brown Todd. Title: PartnerFirm: Frost Brown ToddAge: 38 Carrie J. Cecil, a partner at Frost Brown Todd, focuses on public and project finance, a field she has worked
“Taylor embodies and demonstrates all the characteristics of a Bond Buyer Rising Star,” said Kristin Rudman, media and communications manager at Squire Patton Boggs. Title: PrincipalFirm: Squire Patton BoggsAge: 33 Squire Patton Boggs principal Taylor Klavan has made a name for herself providing counsel on a range of tax advantages for state and local debt,
“I really value individuals who come from non-traditional backgrounds, who bring with them a different skill set and a different experience,” Ashlee Gabrysch said. Title: Director, Regional ManagerFirm: Fitch RatingsAge: 39 As Ashlee Gabrysch wrapped up her bachelor’s degree in interdisciplinary Slavic studies at the University of Chicago, she realized she might need to change
“My goal, whether I was in muni finance or any other part of the investment management industry, was to support females and help them advance,” Regina Gaysina said. Title: DirectorFirm: RBC Capital MarketsAge: 34 Regina Gaysina is the most active K-12 municipal financial advisor in New Mexico — and the only woman in her role
“We do different stuff for school districts than we do for anybody else,” said Mattie Prodanovic. Title: Senior Vice PresidentFirm: HilltopSecuritiesAge: 33 Having the right professor at the right time can make all the difference. Mattie Prodanovic enrolled at the Harris School of Public Policy at the University of Chicago thinking the public policy master’s degree she earned
“This market on a daily basis gives me the opportunity to continue to learn, challenges me to think about things differently and navigate an ever-changing environment,” said Morgan Fahy. Title: Vice President, Capital MarketsFirm: Build America MutualAge: 32 During a two-year analytics program at Citigroup Global Markets, Morgan Fahy found her love for munis, noting that she liked
“One of the things that my parents said to me early on in my life is, ‘If you have the will to do something, you can make it happen,'” Prachi Chandhok said. Title: Head of product, ESG dataFirm: KestrelAge: 34 Prachi Chandhok ended up in municipal finance by chance but attributes her success to her parents. Growing up
The North Carolina Local Government Commission approved more than $1 billion in bond requests from the cities of Charlotte and Durham on Tuesday while returning financial control to the town of Robersonville. Charlotte submitted two requests, one for airport projects and another for improvements at the Spectrum Center arena. The LGC approved Charlotte’s request to
Over the 15 years since Bitcoin was created, there has been no shortage of crazy conspiracy theories about how it was made and where it came from. Some believe Bitcoin was the work of “a bunch of engineers” in the Chinese Communist Party — presumably for world domination; others claim Bitcoin is the work of
Kevin Matras talks about a stock’s Earnings Yield and how to use it. Highlighted stocks include ACT, AHL, ANW, TRN and URI.
The New York Stock Exchange welcomes executives and guests of Cava in celebration of its initial public offering, June 15, 2023. NYSE Check out the companies making headlines in extended trading. H&R Block — The tax preparer rose nearly 5.9% after posting quarterly earnings per share of $2.05 that beat Wall Street’s expectations of $1.88,