June 4-7

CUES Governance Leadership Institute I - Toronto, ON

June 5

LSCI Loan Decisioning Boot Camp - Online

June 7-9

CUES Governance Leadership Institute II - Toronto, ON

June 11-12

Carolinas CUL Annual Meeting - Asheville, NC

June 13

Middle TN Chapter Meeting - Nashville, TN

June 13-15

LSCI's University of Lending - Schaumburg, IL

June 14-16

Southeast CU Conference & Expo - Orlando, FL

June 18-20

TN Bankers Association Annual Meeting - Palm Beach, FL

June 20

LSCI's School of Repossession - Online

June 21-22

Virginia CUL EMERGE Conference - Richmond, VA

June 26

KACCU Chapter Meeting - Knoxville, TN

June 27-30

NAFCU's Annual Conference - Long Bach, CA

Will EVs Dent the Auto Repair Business?

Electronic vehicles (EVs) may have fewer mechanical parts prone to failure and require less repairs than internal-combustion engines, but there are some offsetting factors that tend to make their repairs more expensive. EVs have additional cooling components, more sensors, and heavier batteries causing some parts to wear out more frequently. The demand for these parts and their required calibration tools is higher and causes more complexity. The mom-and-pop auto-repair shops might not have the knowledge or capital to invest in the right training and equipment. On the other hand, large auto-dealer groups view this transition as an opportunity as they are reporting more revenue being generated per repair order for cars with alternative powertrains, such as EVs or hybrids. If auto-repair shops can't catch up, their business could end up shifting to auto-dealers.

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wsj.com

Housing Market Predictions for 2023: When Will Home Prices Be Affordable Again?

The limited supply of houses that is keeping the prices high is projected to remain, in part, due to those who purchased homes at record-low interest rates staying put. Any further pricing dips in 2023 will depend on the region and where the mortgage rates go. The steepest declines are expected in areas that experienced big price booms during the pandemic, such as Austin, Phoenix, and West Coast metro areas.

Overall, economists predict the housing market is more likely to correct itself from the double-digit percentage jumps we've seen in home prices over the past few years rather than crash. Current homeowners have more secure footing than those coming out of the 2008 financial crisis, with more positive equity in their homes. Another housing market crash symptom that is missing is a jump in foreclosures. Even though foreclosures are on the rise, the equity many homeowners still have should help prevent increased levels of foreclosures.

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forbes.com