Making Sense of Bank Failures
Regional bank failures continue to dominate the news and the rumors continue to spread at the pace of the internet. Naturally, people are very sensitive to stress in the banking system as these institutions are designed to safekeep your money. However, a bit of context and understanding can go a long way when discussing such topics. So, how did we get here?
Our highlight article this week gives a brief update on the recent bank failures, the current state of the banking system, and provides some explanation as to why we are seeing stress in regional banks.
Housing Affordability
Rental costs still remain below the cost of home ownership, even amid recent improvements in housing affordability. Elevated interest rates and still-lofty home values make ownership pricey. Meanwhile, rent prices on new leases have begun to roll over and will likely become a key driver for lower overall core inflation by year end.
What Else We're Reading
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