
SBB Woes Deepen After Holding Company Skips Hybrid Bond Payment
The crisis engulfing Swedish landlord SBB worsened after the chief executive officer’s investment company skipped interest payments on its hybrid bonds.
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The crisis engulfing Swedish landlord SBB worsened after the chief executive officer’s investment company skipped interest payments on its hybrid bonds.
Australia’s house prices climbed for a third straight month in May, suggesting further interest-rate increases may be needed to cool resurgent demand that threatens to exacerbate inflationary pressures in the economy.
The founder and CIO of Metacapital Management points to wide spreads to Treasuries and unprecedented prepayment speeds.
Wells Fargo & Co. Chief Executive Office Charlie Scharf said there are significant risks to segments of the US office sector and that his bank will see losses stemming from real estate loans.
US mortgage rates surged to the highest level since early November last week, stifling demand for home purchases and refinancings.
Oct 3, 2022
The Canadian Press
The Calgary Real Estate Board says home sales in the Alberta city for September were down nearly 12 per cent compared with the same month last year.
The board says home sales totalled 1,901 for the month as sales of detached homes fell 23 per cent compared with a year ago and sales of semi-detached homes pulled back 27 per cent.
However, sales of apartments rose 23 per cent compared with September 2021, while row houses gained three per cent.
The board says September saw new listings decline by 10 per cent compared with a year ago, while inventory levels were nearly 21 per cent lower than September 2021.
Benchmark prices were up 11 per cent compared with the same month last year and up six per cent compared with the beginning of the year.
Sales for the first nine months of this year totalled 24,977, up 15 per cent compared with the same period in 2021.