President Trump’s efforts to cajole, coerce and bully the Federal Reserve into lowering rates came to naught as the central bank opted to maintain the target range for the federal funds rate at 4.25% to 4.50%. Today’ vote marked the fifth straight meeting to end...
The Bank of Canada announced it was maintaining the target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. “While some elements of US trade policy have started to become more concrete in recent weeks, trade negotiations are...
The Real Brokerage Inc. (NASDAQ: REAX), that the JBRE & Co. real estate team in Northern Arizona has joined the company. Founded in 2017 and led by Justin Bemis, the nine-agent team serves Flagstaff, Sedona and Prescott and is on track to exceed $100 million in...
Compass Inc. (NYSE: COMP) expanded its presence in the North Carolina market with the addition of Cottingham Chalk, an independent brokerage based in Charlotte. Co-founded by Dan Cottingham and John D. Chalk in 1983, Cottingham Chalk’s 70 agents closed $589 million in...
Sunstone Two Tree, a developer and operator of rental housing communities in high-growth markets, announced that it has opened an office in Phoenix. Based in The Promenade office park in North Scottsdale, the new space will support the company’s operations in...
Sen. Cynthia Lummis (R-WY) has introduced a bill to codify the directive made by Bill Pulte, director of the Federal Housing Finance Agency, that would allow cryptocurrency to be considered as an asset for mortgages delivered to the government-sponsored enterprises...
Hits and Misses for the Real Estate Week of April 27-May 1
