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9 Expert Predictions About the Future of Banking in 2023 - Vimarsana News

9 Expert Predictions About the Future of Banking in 2023

The banking industry has been rapidly evolving over the past few years. It's now easy to make many transactions with the click of a button, and the rise of online banks and neobanks has given...

Rising Rates Are Slowing Home Construction - Vimarsana News

Rising Rates Are Slowing Home Construction

John Pataky | Photo credit: TIAA Bank Privately owned housing starts in February fell 10.3 percent month over month and 9.3 percent year over year to a seasonally adjusted annual rate of 1.4 million, according to the U.S. Commerce Department. Single-family starts in particular were down 8.5 percent from January. “Housing starts underperformed this month with reports of rising interest rates, which recently hit their highest level since July and have cooled the market slightly,” John Pataky, the executive vice president at TIAA Bank, said in a statement. “Previously, these ultra-low rate...

Source: inman.com