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NAR: High Prices Stifle October Home Sales

PYMNTS

The National Association of Realtors (NAR) said that its Pending Home Sales Index (PHSI) is down for the second consecutive month, dropping 1.1 Only the southern region of the U.S. saw encouraging expansion, “although each region achieved year-over-year gains in pending home sales transactions,” the announcement stated.

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Apple To Shutter 30 More US Stores Again Amid Pandemic

PYMNTS

As instances of the coronavirus quickly increase in a number of regions across the nation, Apple plans to shutter 30 more stores in the United States on Thursday (July 2) at the latest. The closures announced on Wednesday include many stores in the vicinity of Los Angeles and the last two open stores in Florida.

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Axos Bank Expands Commercial Presence In NYC, LA

PYMNTS

15) that it will launch regional commercial banking operations in New York and Los Angeles in an effort to grow its corporate client base and connect existing business customers in the markets with its senior banking professionals. The bank announced Thursday (Aug.

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AmazonFresh Continues To Expand

PYMNTS

26) that its grocery delivery platform, AmazonFresh, is continuing its march toward national domination with the addition of two new cities : Chicago and Dallas. We continue to expand AmazonFresh into new regions so that more and more customers can take advantage of the service,” said Ben Hartman, VP of AmazonFresh.

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RBC's U.S. Bank Forms National Food and Beverage Division

American Banker

City National Bank in Los Angeles has launched a national business to focus on the food and beverage industries.

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CRE Credit Risk – What You Need To Know Now

South State Correspondent

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The little liquidity left in commercial real estate is in major markets such as Los Angeles, Chicago, New York, and D.C.

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The Warehouse Building Rush Brought By eCommerce

PYMNTS

We conducted an exhaustive search across three states for the right location that would best enable us to meet this growing demand for our services … The Northeast region is a busy transportation corridor because of its population density and high concentration of businesses, and that trend is projected to continue.”. Dollar General Corp.,