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Newsfeed: Nervous about recession layoffs, employees are toning down remote work and higher pay demands

Newsfeed: Nervous about recession layoffs, employees are toning down remote work and higher pay demands

After several months of workers feeling more powerful than their bosses, the tides are turning. More than half of employees (58%) believe their bosses have the higher ground in the workplace, finds a new survey conducted by the Harris Poll for Bloomberg. That’s a 5% jump since January.

Newsfeed: Nervous about recession layoffs, employees are toning down remote work and higher pay demands Read More »

Newsfeed: The Other Shoe Drops: Blackstone Landlord Halts Home Purchases In 38 Cities As Market Crashes

Newsfeed: The Other Shoe Drops: Blackstone Landlord Halts Home Purchases In 38 Cities As Market Crashes

One month after we reported that home prices finally dropped for the first time in year, an observation echoed yesterday by Black Knight which also found that home prices had fallen for the first time in 3 years last month – in the biggest decline since 2011 – we knew the other shoe in the ongoing housing crash was set to drop any minute.

Newsfeed: The Other Shoe Drops: Blackstone Landlord Halts Home Purchases In 38 Cities As Market Crashes Read More »

Newsfeed: US Pending Home Sales Are Down Most Since 2011 YoY (Ex-COVID)

Newsfeed: US Pending Home Sales Are Down Most Since 2011 YoY (Ex-COVID)

After yesterday’s dreadful collapse in new home sales (and Toll Brothers’ less than rosy picture overnight), analysts expected another monthly decline in pending home sales in July (though not as violent as the June plunge). They were right as pending home sales dropped 1.0% MoM (beating expectations of a 2.6% drop but that was largely driven by a downward revision for June data)…

Newsfeed: US Pending Home Sales Are Down Most Since 2011 YoY (Ex-COVID) Read More »

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