Amid the work-from-home revolution, office landlords are now resorting to a drastic measure in the real estate world: “handing back the keys.” This involves the landlord ceasing to pay the mortgage on the office building or declining to refinance it, leading the bank or investors who made the loan to repossess the building. Notable names …
Grant Cardone, a prominent figure in the financial industry, recently expressed doubt about the traditional American Dream of homeownership. He argues that it poses more of a financial burden than a benefit. In his eyes, symbols of middle-class prosperity such as cars, homes, and college education hinder wealth accumulation. Set to release a new book …
Witnessing an increase in insider buying within a specific market sector is often indicative of a positive trend. It suggests that the sector is undervalued and is showing signs of future improvements. Insiders typically purchase shares when they believe in the potential of their company, making it a positive sign for investors. Recently, there has …
The age-old tradition of home sellers footing the bill for the commissions of their buyers’ real estate agents may soon become a thing of the past. A recent multibillion-dollar class-action verdict in Missouri found that the National Association of Realtors (NAR) and some of the largest real estate brokerage firms in the US violated antitrust …
The clean-energy industry is currently experiencing its worst downturn in years, resulting in a significant decline in its overall value and posing a serious threat to America’s environmental objectives. Major auto manufacturers such as General Motors (GM) and Ford Motor (F) have postponed their plans to introduce electric vehicles. Offshore wind developers are also canceling …
While shopping for new homes is already competitive, prospective buyers should consider an additional factor when weighing the pros and cons of a given property: homeowners associations. According to the American National Bank of Texas, HOAs can carry monthly fees as high as $1,000. As these associations become more common, it’s important for prospective buyers …
Jury Awards Home Sellers $1.8B in Damages After Brokers Inflate Commissions In a significant victory for consumers, a federal trial in Missouri resulted in a jury finding the National Association of Realtors and several large brokerage firms guilty of conspiring to artificially inflate commissions. The parties were found liable and ordered to pay $1.8 billion …
Are starter homes in major cities just a myth as home prices continue to rise? Surprisingly, there are 15 major U.S. cities where starter homes can be found for under $230,000, on average, according to a recent analysis conducted by Five Star Painting, a painting services company. This average price is significantly lower than the …
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.86% from 7.90%. The ARM share of mortgage applications is now at the highest level in nearly a year. Applications for a mortgage to purchase a home fell 1% for the week and were 22% lower year …
Check out the Companies Making Headlines in Midday Trading Here are the latest updates on the companies that are making waves in midday trading: SoFi Technologies Shares of SoFi Technologies have been see-sawing as traders analyze the company’s latest quarterly results. SoFi reported a massive revenue beat for the third quarter and raised its outlook …