Redfin (NASDAQ: RDFN) laid off 46 employees in a new round of job cuts. The Seattle-headquartered company, which employs more than 4,000 people, confirmed the layoffs in a statement to GeekWire, explaining the impacted employees were “primarily managers in our...
Two nationwide department store retailers, Macy’s (NYSE: M) and Kohl’s (NYSE:KSS) have announced plans to close stores. Macy’s confirmed the closure of 66 of what it defined as “non-go-forward store locations.” The company stated the...
Ridgeland Mortgage, a recently formed joint venture between mortgage lender loanDepot Inc. (NYSE: LDI) and home builder Smith Douglas Homes (NYSE: SDHC), has appointed Teresa Carlile as president. In her new role, Carlile will lead the business’ growth and daily...
Federal Housing Finance Agency (FHFA) Director Sandra Thompson will resign on Jan. 19, one day before President-elect Donald Trump will be sworn into office. Bloomberg first reported Thompson’s decision to step down from the FHFA leadership; the agency has not issued...
The confirmed death toll from the Los Angeles wildfires to 10 people as the five simultaneous blazes destroyed more than 10,000 structures, including 9,000 homes. According to combined media reports, Los Angeles County Sheriff Robert Luna is expecting more deaths to...
In 2024, I penned an article highlighting the alarming trend of renters outpacing homeowners in the United States. The data was clear: renter households were growing three times faster than homeowner households, driven by government overregulation, restrictive zoning...
