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A Continued Decline in Housing Inventory

TrustBank

If you are looking to buy a house, you have likely observed that the real estate market is very competitive, with increased bidding activity leading to higher prices. One reason that the real estate market is so hot is that there is very low housing inventory available. National Home Price NSA Index reported a 13.2%

Metro 52
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CashStar Releases New eGifting Solution

PYMNTS

The gift of giving just got a whole lot easier and more digital, thanks to one Portland, Me.–based According to data from the National Retail Federation, about 15 percent of holiday sales were returned last year — an estimated $90 billion worth of merchandise. based company. Nordstrom is a fan of CashStar’s plan.

Portland 100
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iBuyers – Whose Side Are They On?

TrustBank

Zillow Offers, a subdivision of the company, had been speculatively investing in the residential real estate market even as the company was also providing real estate listing and internet home pricing services. The data for Portland, OR and Seattle, WA — markets in the Washington Trust Bank footprint — observed iBuyer market share of 2.3%

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Frugal Consumers Buying More Off-Brand, Off-Price Products

PYMNTS

You can see this trend, too, in Amazon’s recent announcement that it is moving into the lucrative private-label food market. And it’s a market that only seems to be expanding, as store-branded items rose to an all-time high of $118.4 billion in U.S. sales in 2015, which was a $2.2

Branding 100
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The 2023 GonzoBanker Awards

Gonzobanker

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. The “Giant Sucking Sound” Award – goes to the swell of funds leaving banking and ballooning money market mutual funds. and Summit Financial Group, Inc.

Fintech 194
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Shipping Inconsistencies Plague Nonessential eCommerce

PYMNTS

Indie bookstore Powell’s in Portland, Oregon couldn’t guarantee that the order would be processed until seven to 14 days. markets to 10 labs operated by Quest Diagnostics and other commercial labs, helping to ensure maximum visibility of the shipments while in transit,” it said in a statement. the next day.”.

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U.K. Bank Joins Umpqua in Innovation Venture

American Banker

Umpqua Holdings in Portland, Ore., has found a bank partner to join in its bid to bring new banking technologies to market.