The real estate investment firm FCP has invested $22 million in preferred equity to finance two multifamily transactions in the Southeast. FCP is funding the development of Arris NoDa, a 276-unit, four-story, garden-style property in Charlotte, North Carolina, with...
The central banks for the U.K. and European Union mirrored the example of their American counterparts and kept their respective interest rates unchanged. The Bank of England maintained its 5.25% rate, which is a 15-year high. Andrew Bailey, governor of the Bank of...
Stairs Financial, a start-up mortgage marketplace platform aimed at first-time buyers, has launched with a $3.5 million funding round. Stairs Financial was founded by Malcolm-Wiley Floyd and Scott Fritz, who met as roommates at Harvard. The platform is designed to...
Tech Trends: As you plan your 2024 outreach strategy, don’t ignore video. Why? According to Brafton (https://www.brafton.com/) video marketing is powerful because it doesn’t take much effort for users to click and watch videos (especially if they’re short), meaning...
A new forecast by Lawrence Yun, chief economist for the National Association of Realtors (NAR), is predicting the sale of 4.71 million existing homes during 2024. Speaking before NAR’s fifth annual year-end Real Estate Forecast Summit: The Year Ahead, Yun predicted...
The Federal Reserve has opted to ring out 2023 by keeping rates unchanged. The central bank’s policy making Federal Open Market Committee voted unanimously to hold the federal funds rate in the range of 5.25% to 5.5%. In offering its decision, the Fed presented a...
