While others are downsizing, the nation’s biggest mortgage lender is investing in new technology and hiring new team members to be prepared if mortgage rates come down and business booms.
Category: Markets & Economy
Great questions are the key to winning negotiations
Some negotiations go beyond the deal itself. Learning to effectively navigate them can positively impact your productivity and growth, writes broker Nick Schlekeway.
Biden administration backs plan to convert more offices to homes
Initiative provides new financing and technical assistance to developers and local government, and highlights grants and tax incentives that can make conversion projects more attractive.
Buffett, Munger foresee ‘hollowed out’ downtowns on the horizon
Billionaire investor Warren Buffett and business partner Charlie Munger see long-term distress in commercial real estate, which could spell trouble for lenders and opportunity for investors. “The buildings don’t go away,” Buffett said.
Pacaso to stuff stockings with 2nd-home shares
On Black Friday and the subsequent Cyber Monday annual shopping holidays this year, second home co-ownership solution Pacaso will offer zero percent interest on shares in select homes within its marketplace for the first three years of ownership.
Existing-home sales droop as mortgage rates hit 20-year highs
Home sales fell 2 percent between August and September and retreated 15.4 percent from a year ago as prices and interest rates climbed.
Economists now less certain 2024 will bring much mortgage rate relief
Fed’s “higher for longer” rate strategy could keep home sales from rebounding in 2024 or limit the strength of a recovery, according to two closely followed forecasts.
NAR to shed 1M members if shared commission banned, analysts say
A report released Oct. 4 by the investment banking firm Keefe, Bruyette & Woods forecasts commissions to decline by at least 30 percent as a result of ongoing threats to the real estate industry.
Housing prices peaked for 6th straight month in September
Home prices increased 0.7 percent between August and September of 2023, and were up 6.7 percent annually, according to a new report.
Sitzer | Burnett: Live updates from the buyer-agent commission trial
The long-awaited Sitzer | Burnett commission trial is underway in Kansas City, Missouri, and Inman is covering it all live as it unfolds. Check back early and often for news, views, schedules and more.