• Houston Real Estate in December: Sales declined 4.1% YoY, Inventory Up 13%

    6 monthes ago - By Calculated Risk

    Houston set a record for sales in 2018. However, the year ended soft, and with lower oil prices - in addition to higher mortgage rates - 2019 will probably be a more difficult year in Houston.
    From the HAR: Sluggish December sales and limited housing supply can't slow down overall real estate activity for the year
    The Houston real estate market set new records in 2018 despite uncertainty across the region when the year began, with many survivors of Hurricane Harvey still rebuilding their homes and lives. Single-family home sales for the full year surpassed 2017's record volume by nearly...
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  • Morgan Stanley's Equity Underwriting Fees Fell 24% Sequentially Despite Its Higher Market Share

    6 monthes ago - By Forbes

    A spike in U.S. equity market volatility coupled with a sharp decline in value across sectors over the last quarter of 2018 had a tangible impact on equity underwriting volumes for the period, with total proceeds from IPOs and FPOs in the country shrinking 30% from the figure for the prior quarter.
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  • Morgan Stanley is cutting dozens of jobs across sales and trading right before year-end bonuses

    Morgan Stanley is cutting dozens of jobs across sales and trading right before year-end bonuses

    6 monthes ago - By Business Insider

    Morgan Stanley is cutting dozens of sales and trading staff as part of a year-end review, according to people with knowledge of the matter.
    The bank will tell affected employees this week.
    Morgan Stanley is the process of dismissing dozens of sales and trading staff.
    The cuts are being made to cull the firm's underperformers or reposition desks that may need fewer staff, according to people with knowledge of the matter. It's part of an annual process that the bank has made more rigorous in the past few years, one of the people said.
    The bank began alerting affected employees over the past...
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