Realogics Sotheby’s International Realty (RSIR) released its 2023 Forecast Report, a macroeconomic housing report authored by Pacific Northwest brokerages who have analyzed the trends in 2022, evaluated what’s occurred so far in Q1 for 2023 and are focused on...
A real estate investor is suing a Wells Fargo Advisors broker for $3.35 million, claiming he was encouraged to invest that money into a musical revival of the 1990 film “Ghost”, and now the money has vanished. Marko Gnann said that broker Donovan...
Credit Suisse suspended payouts for its $3.5 billion real estate fund as investors sought to pull out their money and cap losses in the dwindling property market. The valuation of real estate properties has declined in recent months after a series of jumbo interest...
Source: Markets Insider — The Federal Reserve’s own economists have just warned the US could suffer a recession this year. They’ve raised the alarm about stocks and real-estate prices — which they say are aggressively valued and could plummet — and...
According to a new report from RedFin, an online real estate brokerage, home-purchase applications dropped to the lowest level since 1995 last week as mortgage rates jumped on expectations that the Federal Reserve will need to raise interest rates again to combat...
Source: US News — A bevy of economic reports awaits investors and economists in a holiday-shortened week as the government gives updates on a key inflation measure and fourth quarter gross domestic product as well as private readings on the state of the housing...
Hits and Misses for the Real Estate Week of April 6-10
