The Federal Reserve has opted to hit the pause button on its rate setting activity. The central bank’s policymaking Federal Open Market Committee voted unanimously to maintain the target range for the federal funds rate at 5.25% to 5.5%. While claiming recent...
“Million Dollar Listing Los Angeles” star Josh Flagg is part of the leadership team of a new media company focused on the real estate industry. According to a Wall Street Journal report, Flagg has teamed with Griff O’Brien, a former content acquisition officer at...
Las Vegas-headquartered Alterra Home Loans has promoted Fernando Ospina to president. Ospina has worked for the company since 2018 and served as senior vice president of national production for the last year. Before joining Alterra, he was a sales manager at Paramount...
There was good news on the application front last week, according to the latest data from the Mortgage Bankers Association. The Market Composite Index, the trade group’s measure of mortgage loan application volume, was up by 5.4% on a seasonally adjusted basis from...
A 100-year-old San Francisco theater which has been shuttered for nearly two decades may soon be starting a new chapter as a 76-unit affordable housing complex. According to a report in the San Francisco Chronicle, the Alexandria Theater in the city’s Richmond...
August’s home sales were up 7.4% from July but were down 13.1% from August 2022, according to new data from RE/MAX (NASDAQ:RMAX). Of the 50 metro areas surveyed by RE/MAX, only two markets recorded a year-over-year sales increase: Bozeman, Montana, at 12% and Dover,...
Hits and Misses for the Real Estate Week of June 29-July 3
