PSB

Two-Thirds of Near-Retirees Barely Passed or Failed a Basic Social Security Quiz from MassMutual

Retrieved on: 
Thursday, May 19, 2022

Over 15,000 new people are added to the Social Security benefits payment pool every day, according to the Social Security Administration .

Key Points: 
  • Over 15,000 new people are added to the Social Security benefits payment pool every day, according to the Social Security Administration .
  • The latest Social Security retirement benefits quiz of near-retirees from Massachusetts Mutual Life Insurance Company ( MassMutual ) exposes opportunity for better understanding of some basic Social Security facts and planning.
  • In fact, two-thirds of near retirees barely passed or failed the latest quiz.
  • The extra Medicare cost added to Part B and Part D premiums included in Social Security retirement benefits.

Consumer Sentiment Toward Housing Hits Lowest Level in Two Years

Retrieved on: 
Monday, May 9, 2022

WASHINGTON, May 9, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates. All six of the index's components decreased month over month, with a survey-high 76% of consumers indicating that they believe it's a bad time to buy a home, up from 73% last month. Additionally, 73% of respondents expect mortgage rates to continue their recent ascent over the next 12 months, also a survey high. Year over year, the full index is down 10.5 points.

Key Points: 
  • This sentiment is consistent with our forecast of decelerating home sales through the rest of 2022 and into 2023."
  • The Home Purchase Sentiment Index (HPSI) distills information about consumers' home purchase sentiment from Fannie Mae's National Housing Survey (NHS) into a single number.
  • To receive e-mail updates with other housing market research from Fannie Mae's Economic & Strategic Research Group, please click here .
  • Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America.

Consumer Sentiment Toward Housing Hits Lowest Level in Two Years

Retrieved on: 
Monday, May 9, 2022

WASHINGTON, May 9, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates. All six of the index's components decreased month over month, with a survey-high 76% of consumers indicating that they believe it's a bad time to buy a home, up from 73% last month. Additionally, 73% of respondents expect mortgage rates to continue their recent ascent over the next 12 months, also a survey high. Year over year, the full index is down 10.5 points.

Key Points: 
  • This sentiment is consistent with our forecast of decelerating home sales through the rest of 2022 and into 2023."
  • The Home Purchase Sentiment Index (HPSI) distills information about consumers' home purchase sentiment from Fannie Mae's National Housing Survey (NHS) into a single number.
  • To receive e-mail updates with other housing market research from Fannie Mae's Economic & Strategic Research Group, please click here .
  • Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Silicon Motion Technology Corporation (Nasdaq – SIMO), Black Knight, Inc. (NYSE – BKI), GTY Technology Holdings Inc. (Nasdaq – GTYH), PS Business Parks Inc. (NY

Retrieved on: 
Thursday, May 5, 2022

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Silicon Motion will be acquired by MaxLinear, Inc. (Nasdaq - MXL).
  • Under the terms of the agreement, Black Knight will be acquired by Intercontinental Exchange, Inc. (NYSE - ICE).
  • Under the terms of the merger agreement, GTY shareholders will receive $6.30 per share for each share of GTY stock they own.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: GTY Technology Holdings Inc. (Nasdaq – GTYH), PS Business Parks Inc. (NYSE - PSB), Blueknight Energy Partners, L.P. (Nasdaq - BKEP), Ignyte Acquisition Corp. (Nasda

Retrieved on: 
Monday, May 2, 2022

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, GTY will be acquired by GI Partners (GI).
  • Under the terms of the merger agreement, GTY shareholders will receive $6.30 per share for each share of GTY stock they own.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Blueknight Energy Partners, L.P. (Nasdaq - BKEP), PS Business Parks Inc. (NYSE - PSB), Isleworth Healthcare Acquisition Corp. (Nasdaq – ISLE), Arogo Capital Acquisi

Retrieved on: 
Wednesday, April 27, 2022

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Blueknight will be acquired by an affiliate of Ergon, Inc. (Ergon).
  • Ergon will acquire all outstanding common and preferred units of the Company not already owned by Ergon and its affiliates.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: PS Business Parks Inc. (NYSE - PSB), Checkmate Pharmaceuticals, Inc. (Nasdaq - CMPI), XPAC Acquisition Corp. (Nasdaq – XPAX), Data Knights Acquisition Corp. (Nasda

Retrieved on: 
Monday, April 25, 2022

BALA CYNWYD, Pa., April 25, 2022 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations.

Key Points: 
  • BALA CYNWYD, Pa., April 25, 2022 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations.
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, PSB will be acquired by affiliates of Blackstone Real Estate (Blackstone).
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

PS BUSINESS PARKS ALERT: Bragar Eagel & Squire, P.C. Investigates Merger of PSB and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, April 25, 2022

On April 25, 2022, PSB announced that it had entered into an agreement to be acquired by Blackstone in a deal valued at approximately $7.6 billion.

Key Points: 
  • On April 25, 2022, PSB announced that it had entered into an agreement to be acquired by Blackstone in a deal valued at approximately $7.6 billion.
  • Pursuant to the merger agreement, PSB stockholders will receive $187.50 in cash for each share of PSB common stock owned.
  • Bragar Eagel & Squire is concerned that PSBs board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

Affiliates of Blackstone Real Estate to Acquire PS Business Parks, Inc. for $7.6 Billion

Retrieved on: 
Monday, April 25, 2022

Eastdil Secured is acting as real estate advisor to PSB and is also acting as a co-financial advisor to PSB.

Key Points: 
  • Eastdil Secured is acting as real estate advisor to PSB and is also acting as a co-financial advisor to PSB.
  • Blackstones real estate business was founded in 1991 and has US $298 billion of investor capital under management.
  • Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).
  • Additional information about PS Business Parks, Inc. is available on the Companys website, which can be found at psbusinessparks.com.

Consumer Pessimism Regarding Direction of Mortgage Rates Hits New Survey High

Retrieved on: 
Thursday, April 7, 2022

WASHINGTON, April 7, 2022 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased by 2.1 points to 73.2 in March, as consumers continue to express pessimism regarding the trajectory of mortgage rates and homebuying conditions generally. Overall, four of the index's six components decreased month over month, including the components asking consumers whether they expect mortgage rates to go up and whether they believe it's a good time to buy a home. In March, a survey-high 69% of respondents indicated that they expect mortgage rates to continue their upward ascent. On net, the "Good Time to Buy" component set a new survey low, with 73% of respondents reporting that it's a bad time to buy a home. Year over year, the full index is down 8.5 points.

Key Points: 
  • In March, a survey-high 69% of respondents indicated that they expect mortgage rates to continue their upward ascent.
  • If consumer pessimism toward homebuying conditions continues and the recent mortgage rate increases are sustained, then we expect to see an even greater cooling of the housing market than previously forecast ."
  • Mortgage Rate Expectations: The percentage of respondents who say mortgage rates will go down in the next 12 months increased from 3% to 4%, while the percentage who expect mortgage rates to go up increased from 67% to 69%.
  • We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible.