Bloomberg
Banks Are Still Where the Money Isn’t
Narrower banking, money failed Bill Hwang and how to short private tech startups.
MarketWatch
Fed Stress Tests Fall Short, Finance Professor Says
Tomasz Piskorksi of Columbia Business School says Fed didn’t include scenarios that killed Silicon Valley Bank, First Republic.
Mentioned Faculty
Business Insider
JPMorgan Is About To Spend $1 Billion On Hundreds Of Rental Homes Across The US On The Way To Becoming A Megalandlord
JPMorgan and Haven Realty Capital entered into a joint venture agreement on November 15. The companies plan to acquire up to $1 billion in build-to-rent properties, starting in Atlanta. Housing experts warn that it can take a long time to bring build-to-rent properties to market.
Mentioned Faculty
Business Insider
Homebuyers Canceled A Record 60,000 Purchase Contracts Last Month Because They're Waiting For Mortgage Rates And Home Prices To Fall
Nearly 18% of pending home sales nationwide were canceled in October, the most since 2013. High inflation and mortgage rates have kept buyers at bay, even as the market begins to cool. Developers are turning to build-to-rent buyers to offload new supply as demand wanes.
Mentioned Faculty
Marketplace
Like Other Banks Before it, Wells Fargo Pulls Back From Mortgage Biz
Wells Fargo used to be the top mortgage lender in the country. Now it's retreating from the business as nonbank lenders gain market share.
Mentioned Faculty
5 Questions About Real Estate and Finance With Professor Stijn Van Nieuwerburgh
Columbia Business School’s Earle W. Kazis and Benjamin Schore Professor of Real Estate Stijn Van Nieuwerburgh discusses the growing use of data in real estate and the school’s latest curricular innovations.
How Will Working From Home Impact Office Real Estate?
Stijn Van Nieuwerburgh, the Earle W. Kazis and Benjamin Schore Professor of Real Estate at Columbia Business School, discusses his new research on the impact of remote work on the New York City commercial real estate sector.
Home Prices Are Defying Expectations as Interest Rates Climb — Here’s Why
CBS Professor Christopher J. Mayer sees a new dynamic at play in the residential real estate market.
Real Estate Values and the Cities of Tomorrow
Columbia Business School’s Stijn Van Nieuwerburgh, the Earle W. Kazis and Benjamin Schore Professor of Real Estate, discusses his research into how the COVID-19 pandemic and a sharp shift toward remote and hybrid work has impacted commercial real estate and is reshaping cities.
Understanding the Challenges Facing the Banking System
Columbia Business School Professor Tomasz Piskorski discusses his research into the vulnerabilities within the U.S. banking industry, and what can be done to avert a banking crisis.