tyb
>>18174249 lb
PF: SAM053 USAF G5 NE from JBA across the Atlantic with French AF CTM1072 A330 inbound to Goose Bay Airport, New Foundland from Stuttgart (AFRICOM) depart, C101 US Coast Guard G5 landed at Portland Int'l, ME from Reagan National depart, further out west there is 000000000 B-52 doing roundies just south of Dugway-Potato in 82-8000 and AF2 continues to Moffett Filed and LAX respectively
Local Housing Markets in December; California Home Sales down 44% YoY in December; Prices Down 2.8% YoY
This is the fourth look at local markets in December. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released. Here is the press release from the California Association of Realtors® (C.A.R.): Interest rate reprieve bolsters December home sales, C.A.R. reports
• Existing, single-family home sales totaled 240,330 in December on a seasonally adjusted annualized rate, up 1.1 percent from November and down 44.1 percent from December 2021.
• December’s statewide median home price was, $774,580 down 0.4% percent from November and down 2.8% percent from December 2021.
In December, sales were down 37.8%. In November, these same markets were down 38.1% YoY Not Seasonally Adjusted (NSA).
This is a similar YoY decline as in November for these markets. If national sales decline by the same percent as last month, the NAR will report sales for December under 4.0 million SAAR - below the 4.01 million in May 2020 (pandemic low) and the lowest sales rate since 2010.
https://www.calculatedriskblog.com/2023/01/4th-look-at-local-housing-markets-in.html
https://www.car.org/aboutus/mediacenter/newsreleases/2023-News-Releases/december2022sales
30y mortgage rates have come down to just over 6% (on avg) and the system still can't handle that-look at the MTM Sales figures so yet another reason that the FED does one or two moar Prime rate hikes of 25bp and then done.
from yesterday
Mortgage Rates Fall to New 4-Month Lows After Downbeat Data
https://www.mortgagenewsdaily.com/markets/mortgage-rates-01182023
>broccoli
KKR Caps Withdrawals on Real Estate Trust, Following Blackstone
KKR & Co. joined rivals including Blackstone Inc. in limiting withdrawals from a real estate investment trust after investors sought to pull out more money. KKR Real Estate Select Trust received requests in the first-quarter tender offer period to repurchase 8.1% of its net asset value, exceeding the 5% quarterly limit, according to a filing Wednesday. The trust fulfilled 62% of each shareholder’s request. KKR’s stock dropped 5.7% to $49.98 at 12:12 p.m. in New York Thursday.
Real estate investment vehicles overseen by KKR and Blackstone have come under pressure in recent months as investors requested their money back beyond limits set by the funds. Blackstone Real Estate Income Trust and Starwood Real Estate Income Trust have said they would limit redemptions, moves that spurred queries by the US Securities and Exchange Commission. “Within KREST, we are balancing providing access to private real estate, which is an illiquid asset class, with the recognition and understanding that the optionality for a level of regular liquidity is an important feature for KREST shareholders,” Billy Butcher, chief executive officer of KKR Real Estate Select Trust, said in the filing. “We believe that KREST has a strong liquidity position.” KKR said that the trust had liquid holdings of 36% of NAV as of December 31. KREST had an 8.32% net total return last year and about $947 million of subscriptions.
KKR is among private equity firms that expanded their offerings to retail investors in a bid for growth as institutional investors run up against the limit of what they can allocate to alternative assets. Last year, New York-based KKR filed for regulatory approval to launch an infrastructure strategy for high-net-worth clients.
But the recent struggles of these real estate trusts has underscored the challenges of courting a wider audience for fairly illiquid investments. Blackstone recently turned to a traditional institutional investor for its real estate trust, getting a $4 billion injection from the University of California.
https://www.bnnbloomberg.ca/kkr-caps-withdrawals-on-real-estate-trust-following-blackstone-1.1872337
Davis Patreus
Partner, KKR and Chairman of the KKR Global Institute
General David H. Petraeus (US Army, Ret.) (New York) is a Partner at KKR and Chairman of the KKR Global Institute, which he established in May 2013. He is also a member of the boards of directors of Optiv and OneStream, a Strategic Advisor for Sempra, a venture investor in more than 25 startups, and engaged in a variety of academic endeavors. Prior to joining KKR, General Petraeus served over 37 years in the U.S. military, culminating his career with six consecutive commands as a general officer , five of which were in combat, including command of the Surge in Iraq, command of U.S. Central Command, and command of coalition forces in Afghanistan.
Following retirement from the military and after Senate confirmation by a vote of 94-0, he served as Director of the CIA during a period of significant achievements in the global war on terror, the establishment of important Agency digital initiatives, and substantial investments in the Agency’s most important asset, its human capital.
https://www.kkr.com/our-firm/leadership/david-h-petraeus
>>18167706 pb
>Secretary Austin is convening fifty countries from around the world tomorrow for a meeting at the Ukraine Defense Contact Group
currently at Berlin and then goes to Ramstein for that
>bill paying $ in any bank ONLY