The Good Brigade/DigitalVision via Getty Images But each market dances to a different drummer, and declines have been far bigger in many markets. Home sellers have been nudging down more or less gradually the listing prices in many markets, including in the three biggest – Florida, California, and Texas – from the insane highs in mid-2022 when only the sky was still the limit. The reality they’re ...
The Good Brigade/DigitalVision via Getty Images But each market dances to a different drummer, and declines have been far bigger in many markets. Home sellers have been nudging down more or less gradually the listing prices in many markets, including in the three biggest – Florida, California, and Texas – from the insane highs in mid-2022 when only the sky was still the limit. The reality they’re now grappling with includes mortgage rates that have normalized, much less buyer demand than before 2022, and accelerating consumer price inflation of likely over 4% in May. The median listing price of existing homes in May fell by 2.4% year-over-year, the biggest year-over-year decline in the data by Realtor.com, which goes back to only 2017. On a per-square-foot basis, the median price dropped by 2.5% year-over-year. The chart above also shows the mania that reigned in the housing market from mid-2020 through mid-2022, topping out with a year-over-year increase of 18% in June 2022, by which time demand was already plunging, as buyers weren’t playing along anymore, and demand has dropped further since then. Median listing price in dollars. June marks the seasonal high points for the median listing price in the US. In June 2022, there was a huge price jump from May 2022, and June 2022 marked the absolute high point, as shown in the chart below. But the highest May was May 2023. Compared to May 2023, the median listing price in the US fell by 2.6%, to $429,500. But each market dances to a different drummer. Listing prices fell in 35 of the 50 largest metros and rose in 15. These are the 35 metros where listing prices declined year-over-year: 1 Memphis, TN-MS-AR -13.0% 2 Buffalo-Cheektowaga, NY -11.6% 3 Austin-Round Rock-San Marcos, TX -9.5% 4 Los Angeles-Long Beach-Anaheim, CA -7.9% 5 San Diego-Chula Vista-Carlsbad, CA -5.6% 6 Phoenix-Mesa-Chandler, AZ -5.1% 7 San Antonio-New Braunfels, TX -4.4% 8 Indianapolis-Carmel-Greenwood, IN -3.5% 9 Houston-Pasadena-The Woodlands, TX -...
State Bank of India plans to join a group of global lenders in funding Sun Pharmaceutical Industries Ltd. ’s $12 billion overseas acquisition, according to people familiar with the matter. SBI, the country’s largest bank by assets, is set to commit as much as $1 billion, the people said, asking not to be identified discussing a private matter. The proposal is pending board approval, the people sai...
State Bank of India plans to join a group of global lenders in funding Sun Pharmaceutical Industries Ltd. ’s $12 billion overseas acquisition, according to people familiar with the matter. SBI, the country’s largest bank by assets, is set to commit as much as $1 billion, the people said, asking not to be identified discussing a private matter. The proposal is pending board approval, the people said. If approved, SBI will join Citigroup Inc, JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group Inc. as another key debt financier of Sun Pharma’s agreed deal in April to buy US-listed Organon & Co. , one of the biggest outbound transactions by an Indian company. The move would be among the first sizable acquisition-financings involving a government-run bank since the central bank in February allowed local lenders to finance corporate takeovers. Domestic banks had previously been barred from such activities due to regulatory and asset-quality concerns, prompting many companies to rely on shadow lenders, foreign institutions, or public and private markets. Read More: India Central Bank Allows Lenders to Fund Upto 75% in M&A Deals SBI and Sun Pharma did not respond to emails seeking comment. Global lenders to Sun Pharma were weighing multiple financing options for its proposed acquisition of Organon, people familiar with the matter said last month. Global Banks Tackle Maze of Risks in Record India Deal Spree Citi Braces for Busy Spell for Financial Sponsors Deals in Asia MUFG Bank Seeks More Acquisitions After $4.3 Billion India Deal The size of SBI’s funding underscores the growing appetite among state-run banks to back acquisitions by Indian companies, which have increasingly pursued overseas targets to gain access to new markets, products and technology. SBI formed a partnership with MUFG in March to explore mergers and acquisitions opportunities in the country. Chairman Challa Sreenivasulu Setty said in February that it was talking to Japanese lenders to fund jumbo a...
Ukraine’s agricultural sector suffered direct losses of more than $11 billion as Russian drone strikes intensified sharply at the end of last year, according to Deputy Economy Minister Taras Vysotskyi . The losses include as much as $6.5 billion worth of destroyed equipment, damage to infrastructure like granaries and stolen and destroyed products, Vysotskyi told Bloomberg by email. Russian strike...
Ukraine’s agricultural sector suffered direct losses of more than $11 billion as Russian drone strikes intensified sharply at the end of last year, according to Deputy Economy Minister Taras Vysotskyi . The losses include as much as $6.5 billion worth of destroyed equipment, damage to infrastructure like granaries and stolen and destroyed products, Vysotskyi told Bloomberg by email. Russian strikes on agricultural infrastructure in the Odesa region intensified significantly at the end of 2025 and continued into the early part of this year. Ukraine’s Economy Ministry and other government agencies, along with the Kyiv School of Economics, maintain a register of war losses, recording each hit. Read More: Ukraine Grain Exports Slumped in December as Strikes Intensified In the first few months of 2026, the ports of Greater Odesa suffered “over 180 strikes, almost as many as in the previous year overall,” Vysotskyi said. “During peak periods, this reduced export capacity by 20%–30%, although the ports are generally able to withstand the load.” The airstrikes have hit facilities owned by foreign companies operating in Ukraine. This year, infrastructure belonging to US agribusiness giants Bunge and ADM was damaged. “Damage assessment and restoration work are underway for both sites,” Vysotskyi said. “It is too early to talk about a full return to work.” The actual loss to Ukraine’s agricultural sector is many times more than the $11 billion in direct damages because the loss of income and expertise involved, Vysotskyi said. Russia and Ukraine regularly target each other’s energy and infrastructure facilities.
Intesa Sanpaolo CEO Carlo Messina discusses the lender's offer to buy Italian rival Banca Monte dei Paschi for €30.6 billion ($35.3 billion). "The only real offer now in the market is the Intesa Sanpaolo offer," Messina tells Bloomberg's Francine Lacqua, calling Banco BPM's proposal of a merger of equals merely a "love letter." (Source: Bloomberg)
Intesa Sanpaolo CEO Carlo Messina discusses the lender's offer to buy Italian rival Banca Monte dei Paschi for €30.6 billion ($35.3 billion). "The only real offer now in the market is the Intesa Sanpaolo offer," Messina tells Bloomberg's Francine Lacqua, calling Banco BPM's proposal of a merger of equals merely a "love letter." (Source: Bloomberg)
Trump administration says restrictions could impose ‘disproportionate’ burden on US tech companies UK politics live – latest updates The White House has urged the UK not to impose a social media ban for under-16s, as it said restrictions could impose a “disproportionate” burden on US tech firms. In a submission to a government consultation on online safety, the US government came out against “pres...
Trump administration says restrictions could impose ‘disproportionate’ burden on US tech companies UK politics live – latest updates The White House has urged the UK not to impose a social media ban for under-16s, as it said restrictions could impose a “disproportionate” burden on US tech firms. In a submission to a government consultation on online safety, the US government came out against “prescribed one-size-fits-all government restrictions” and “blunt regulatory instruments” to address online harms to children. Continue reading...
Actress Jennifer Aniston’s boyfriend Jim Curtis has delisted his longtime New York City home after four months—and a few weeks after the couple marked their one-year anniversary.
Actress Jennifer Aniston’s boyfriend Jim Curtis has delisted his longtime New York City home after four months—and a few weeks after the couple marked their one-year anniversary.