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From CoreLogic: CoreLogic: US Home Borrowers See First Annual Home Equity Losses Since 2012 in Q1 2023, but Overall Mortgage Performance Remains Strong CoreLogic®. today released the Homeowner Equity Report (HER) for the first quarter of 2023. The report shows that U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw home equity decrease by 0.7% year over year, representing a collective loss of $108.4 billion, and an average loss of $5,400 per borrower since the f
Treasury Secretary Yellen expressed her concerns about the effect that commercial real estate loans might have on banks. Forbes listed 71 real estate firms among the 2,000 largest public companies in the world. These are among the must reads from around the real estate investment world heading into the weekend.
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist Jiayi Xu: Weekly Housing Trends View — Data Week Ending June 3rd, 2023 • ctive inventory growth slowed again, with for-sale homes up just 13% above one year ago. The number of homes for sale continues to grow, but compared to one year ago, the pace is slowing.
Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste
The Federal Reserve released the Q1 2023 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits rose to $148.8 trillion during the first quarter of 2023. The value of directly and indirectly held corporate equities increased $2.4 trillion and the value of real estate decreased $0.6 trillion. Household debt increased 2.2 percent at an annual rate in the first quarter of 2023.
The SEC also filed charges against Douglas McKelvey, who was accused of stealing $1.7 million from the Morgan Stanley accounts of his mother and mother-in-law over a period of nearly 10 years.
Markets The S&P 500 is top-heavy because profits are top-heavy. (bloomberg.com) Stop blaming individual investors for sentiment swings. (klementoninvesting.substack.com) Strategy Are international stocks worth the bother? (morningstar.com) If the SEC is cracking down, why bother with crypto at this point? (vox.com) Apple It may not look like it now, but the Vision Pro is the future.
Markets The S&P 500 is top-heavy because profits are top-heavy. (bloomberg.com) Stop blaming individual investors for sentiment swings. (klementoninvesting.substack.com) Strategy Are international stocks worth the bother? (morningstar.com) If the SEC is cracking down, why bother with crypto at this point? (vox.com) Apple It may not look like it now, but the Vision Pro is the future.
Today, in the Real Estate Newsletter: The "Home ATM" was Closed in Q1 Excerpt: For Q1 2023, the Net Equity Extraction was minus $30 billion, or -0.60% of Disposable Personal Income (DPI). This is down significantly year-over-year and the first negative reading since Q1 2020. There is a seasonal pattern to MEW, and Q1 is usually the weakest quarter, so it is possible we will see positive MEW this summer.
The DOL reported : In the week ending June 3, the advance figure for seasonally adjusted initial claims was 261,000 , an increase of 28,000 from the previous week's revised level. This is the highest level for initial claims since October 30, 2021 when it was 264,000. The previous week's level was revised up by 1,000 from 232,000 to 233,000. The 4-week moving average was 237,250, an increase of 7,500 from the previous week's revised average.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Scott Bills considered himself a Merrill lifer. But as the firm changed and the desire to build a brand and better serve their clients grew stronger, he and his team decided to make the leap to independence, launching Nilsine Partners.
Books An excerpt from “Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis” by Scott Patterson. (wsj.com) An excerpt from "Size: How it Explains the World" by Vaclav Smil. (engadget.com) A Q&A with Vanessa Patrick author of "The Power of Saying No: The New Science of How to Say No That Puts You in Charge of Your Life." (annieduke.substack.com) A Q&A from “The Long View: Why We Need To Transform How the World Sees Time” by Richard Fisher.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Lack of stringent regulations in the U.S. real estate industry has allowed criminals, kleptocrats and sanctioned foreign nationals to launder their money through real estate investments.
A reader asks: Does rebalancing essentially lock in losses? I have a robo advised Roth IRA that rebalances seemingly every other day. Will I ever get back to break even? And when do I stop buying the stock market on sale? Diversification is the process of spreading your bets among different asset classes, strategies, geographies and holdings to reduce risk in your portfolio.
Also, Vinay Mehta was appointed CTO at Smarsh, Archer and Brooklyn Investment Group partner to provide AI-powered custom direct indexing and ReachStack launches AI-powered Advisor Sales Intelligence.
The financial advisor onboarding process sets the tone for the advisor-client relationship. Many would agree it’s crucial in theory, but in practice, a lack of inclusive practices across the industry has made the experience less than ideal for LGBTQ+ clients and nontraditional families. Considering that the LGBTQ+ community is one of the fastest-growing minority segments, now is the time to review and refine your process for welcoming clients into your practice to foster a sense of belongi
Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.
The primary objective of a transitional investor is to preserve—rather than build—wealth. To achieve this, investors should take a tempered approach, slowly adjusting the composition of their holdings to support their retirement plans and meet their risk profile.
Nassim Taleb sat for an interview with Tom Keene at the Bloomberg Invest conference. They showed the interview on Bloomberg TV on Thursday morning. There was a good bit of insight versus trying to scroll through his social media feeds where seems to spend most of his time belittling people. Even though he's an a **e, there is still value to glean if you're willing to sift through the nonsense.
The platform, first launched in April 2022, now features digital client onboarding, an updated dashboard and the ability to exclude more individual stocks.
China and Cuba have reached an agreement in principle for Beijing to set up an electronic eavesdropping facility in the Caribbean island nation, according to a Wall Street Journal report citing unnamed U.S. officials familiar with highly classified documents. China, which has agreed to pay several billion dollars to Cuba in order to build the spy base, would be able to scoop up electronic communications throughout the southeastern U.S., where many military bases are located, and monitor U.S. shi
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Even though just five stocks, led by Apple and Microsoft, account for 24% of the index, the concentration helps stabilize the risk of investing over time.
Shares of Boeing Co. BA rose more than 3% in late trading Thursday, poised to close at their highest since Jan. 18, 2022, when they closed at $225, and on pace for their largest one-day jump since Feb. 7. A close around current levels would also be a new 52-week high for the stock, topping the 2023 closing high set on Feb. 14, when it closed at $218.45.
In four of the last five times a similar level of “retail capitulation” occurred, the S&P 500 Index rose more than average in the subsequent one-, three-, and six-month periods.
Oil futures traded sharply lower Thursday, with analysts attributing the drop to a report of progress toward a deal between the U.S. and Iran. The two countries are nearing a temporary deal that would offer some sanctions relief in return for Iran reducing uranium enrichment activities, the Middle East Eye, a London-based news site, reported citing two sources with direct knowledge of the talks.
Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
U.S. stocks opened mostly higher Thursday after fresh data showed a rise in weekly jobless claims. The Dow Jones Industrial Average DJIA was down around 0.1% soon after the opening bell, while the S&P 500 SPX rose less than 0.1% and the technology-heavy Nasdaq Composite COMP edged up 0.2%, according to FactSet data, at last check. The Department of Labor said Thursday that initial jobless claims rose in the week ending June 3 to 261,000.
For companies seeking to build AI systems for the finance industry, Fidelity’s decades worth of online transaction records, customer call transcripts and face-to-face client interaction reports would be a treasure trove.
Shares of International Game Technology PLC IGT were indicated up more than 1% in premarket trading Thursday, after the gaming company said it is evaluating “potential strategic alternatives” for its Global Gaming and PlayDigital businesses. IGT said it is considering a broad range of alternatives, including a sale, merger or spinoff as the company looks to unlock the full value of its portfolio.
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
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