Tag Archives: Markets & Economy

RE/MAX reports $71.4M in revenue, net income of $8.6M in Q2

By Patrick Kearns | August 1, 2019 - 8:19 pm |August 1, 2019 Uncategorized

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The franchisor’s revenue in the second quarter was boosted by Motto Mortgage franchise sales and international growth, according to RE/MAX executives. Continue reading →

Nestio to launch Funnel, online leasing platform for renters

By Veronika Bondarenko | August 1, 2019 - 1:00 pm |August 1, 2019 Uncategorized

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Nestio, a New York City-based rental management and listings platform for landlords, is launching its first consumer platform for renters. Continue reading →

Coastal cities and Sun Belt metros are building homes wrong: Study

By Andrea V. Brambila | August 1, 2019 - 12:33 pm |August 1, 2019 Uncategorized

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Zoning changes in Houston, Atlanta and elsewhere would allow ‘missing middle’ housing, according to new Apartment List study. Continue reading →

Fed cuts interest rates: What it means for the housing market

By Patrick Kearns | July 31, 2019 - 6:02 pm |July 31, 2019 Uncategorized

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The U.S. Federal Reserve announced Wednesday it would cut interest rates for the first time since a recession hit the U.S. economy in 2008. Continue reading →

On earthquakes and interest rates, expect some ripple effects

By Lou Barnes | July 31, 2019 - 2:28 pm |July 31, 2019 Uncategorized

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The Federal Reserve will struggle to explain the need for more interest rate cuts after Wednesday’s expected reduction. Continue reading →

Inventory plummets, prices jump near Amazon’s HQ2 in Virginia

By Jim Dalrymple II | July 30, 2019 - 9:29 pm |July 30, 2019 Uncategorized

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In the wake of Amazon’s HQ2 announcement, agents say that some sellers in Virginia are waiting to list their properties, while buyers at the lower end of the spectrum are having trouble competing for homes. Continue reading →

Pending home sales snap 17-month streak of annual declines

By Patrick Kearns | July 30, 2019 - 2:15 pm |July 30, 2019 Uncategorized

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In June, the National Association of Realtors’ forward-looking indicator based on contract signings climbed 1.7 percent year-over-year. Continue reading →

Home price gains dip in May but rise 3.4% annually: Case-Shiller

By Patrick Kearns | July 30, 2019 - 1:15 pm |July 30, 2019 Uncategorized

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The ‘broad-based moderation’ of home prices continues, according to S&P Dow Jones Indices’ Philip Murphy. Continue reading →

New app lets you use the hotel pool and spa without staying the night

By Veronika Bondarenko | July 29, 2019 - 8:00 pm |July 29, 2019 Uncategorized

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The Miami-based Daycation app lets users book day passes that lets users enjoy a hotel’s pool and spa services during day hours. Continue reading →

Colony Capital’s Thomas Barrack to exit as chief executive officer

By Veronika Bondarenko | July 26, 2019 - 3:58 pm |July 26, 2019 Uncategorized

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Real estate investor and powerful Trump ally Thomas J. Barrack announced that he will be stepping down as CEO of Colony Capital. Continue reading →