The Federal Reserve kept its finger on the pause button and opted against a new rate hike. The central bank’s policymaking Federal Open Market Committee unanimously approved this decision. In a statement, the Committee said it would maintain the target range of the...
Nearly one-third of single-family homes for sale during the third quarter were new construction, according to data published by Redfin (NASDAQ:RDFN). The 30.6% share is the highest of any third quarter on record. This is up from 28.9% one year ago and 25% two years...
Arc Home LLC, a non-QM and non-Agency wholesale and correspondent lender, has named Brian Devlin as president. Devlin is also set to assume the role of CEO following a transition period with current chief executive, Richard Bradfield, who is leaving the firm to pursue...
Zillow Group (NASDAQ:ZG) has acquired Follow Up Boss, a customer relationship management (CRM) system for real estate professionals. The acquisition purchase price includes $400 million of initial cash consideration and up to $100 million in a potential cash earnout....
Sherman Bridge, a private money lender for investors purchasing distressed single-family residential real estate, has launched an online marketplace designed to connect lenders with real estate investors. According to the company, the marketplace will bring together...
Mortgage application activity was down for the third consecutive week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 2.1% on a seasonally...
Hits and Misses for the Real Estate Week of June 29-July 3
