Redfin (NASDAQ: RDFN) is planning to cut 450 employees following its new rental listings partnership with Zillow (NASDAQ: Z, ZG). The Seattle-based company did not release a press statement on the layoffs but instead buried the news in a filing with the Securities and...
One month after its second bankruptcy filing within a year, the craft retailer Jo-Ann is preparing to close approximately 530 stores across more than 40 states. Nexstar reports the company planned to keep all its roughly 800 stores open throughout the bankruptcy...
The Department of Homeland Security (DHS) has confirmed it has successfully clawed back the $59 million from an unauthorized transfer to New York City hotels that are housing illegal immigrants. The Federal Emergency Management Agency (FEMA) suspended the payments...
The average home listing is now selling for 1.8% its asking price, the biggest discount in nearly two years, according to a new data report from Redfin (NASDAQ: RDFN). Adding insult to injury, the typical home that sells takes 56 days to go under contract, the longest...
PennyMac Financial Services Inc. (NYSE: PFSI) has debuted “Bring It Home,” a new video series where PennyMac home loan experts offer insights on the homeownership journey. According to the company, the new video series will be hosted on PennyMac’s website and YouTube...
First-time Canadian homebuyers are facing steep obstacles in price appreciation, rapid population growth, and a limited supply of affordable housing stock, according to the newly published RE/MAX Canada’s Nation of Renters Report. The report stated the erosion...
