Taxable muni issuance falls, but sector outperforms tax-exempts
Taxable municipal issuance has decreased 40.9% year-over-year, but returns so far in 2023 are outperforming tax-exempts and high-yield.
Source: bondbuyer.com
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House prices fall 3.3 percent - the biggest annual drop since 2012
House prices suffered their biggest annual decline since 2012 as rising mortgage rates deterred would-be buyers from moving.
Source: dailymail.co.uk
Redfin Reports Home Prices Fell 3% in March–Biggest Annual Drop in Over a Decade
Pending home sales dipped to the lowest level since the start of the pandemic as elevated mortgage rates curtailed buyer demand and a lack of homes for sale limited purchases ... | April 19, 2023
Source: marketscreener.com
Median Home Price Tallies Largest Annual Drop In More Than A Decade
Pandemic-era boomtowns and tech hubs fueled an annualized 3.3 percent drop, according to new data released Wednesday by Redfin.
Source: inman.com
Rents Fell to Lowest Level in Over a Year As Ballooning Prices Deflate
"Rents ballooned during the pandemic, and are now returning to earth," according to Redfin real estate agent Dan Close.
Source: businessinsider.com