In the wake of Federal Reserve Chairman Jerome Powell’s announcement that the central bank was ready to begin cutting interest rates, Sen. Elizabeth Warren (D-MA) is demanding a 75-basis-point slash. In a speech on Friday, Powell declared, “The time has come for...
Rocket Mortgage, a part of Detroit-headquartered Rocket Companies (NYSE: RKT), is now offering its “Welcome Home RateBreak” program for lowering mortgage payments. According to the company, eligible borrowers in the program can receive a mortgage rate...
The global asset manager BlackRock (NYSE: BLK) has signed a memorandum of understanding with the Saudi Real Estate Refinance Company (SRC), a company within the Saudi government-owned Public Investment Fund, to further develop the kingdom’s real estate finance market....
Canada’s Financial Transactions and Reports Analysis Center (FINTRAC) and the Canada Revenue Agency (CRA) issued an Operational Alert related to related to potential tax evasion within the nation’s real estate market. “Canada’s real estate sector is used by criminals...
David M. Gillece, a Baltimore-area real estate professional who achieved leadership positions in city development before becoming president of Colliers Pinkard, passed away on Aug. 17 at the age of 74 from Parkinson’s disease. According to a Baltimore Sun obituary,...
The Canadian government announced the launch of the Canada Public Land Bank, which features 56 federal properties identified as being able to support housing. Among the properties within the new entity are five sites that now intended for leasing and ready for...
Hits and Misses for the Real Estate Week of June 15-19
