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Mortgage News Daily - Blogs, Real estate agents have adapted, as have buyers, and sales are strong at reasonable price points.

Engel & Vlkers Snell Real Estate Announces Exclusive Representation in Mxico:

Mon, 6 Jul 2020

Luxury Real Estate Blog, Courtesy of. LOS CABOS, MEXICO - Los Cabos-based luxury real estate brokerage Engel & Vlkers Snell Real Estate announces their exclusive sales representation of Pacific Bay Luxury Residential by Mexican developers Grupo Smano . With a successful history representing extraordinary development products in addition to valued homeowner listings, Engel & Vlkers Snell Real Estate is proud to have been awarded this newest alliance which further enhances their number one position in the Baja California Sur market. Located in the private resort community of Quivira and offering stunning views of the Pacific Ocean, Pacific Bay Luxury Residential is a limited collection of six luxury condos on three levels, with a fourth floor exquisite Penthouse. T.

Inside an Exclusive Tribeca Condominium Thats the Last of Its Kind:

Mon, 6 Jul 2020

Robb Report, Inevitably, the Covid-19 pandemic took a toll on Manhattans real estate market.

More Covid Data Rolls in, Are Refis are Here to Stay?:

Mon, 6 Jul 2020

Mortgage News Daily - Blogs, The pandemic and resulting stay-at-home orders and business closures hit the real estate market hard, and in person home showings fell by 63 percent in April compared to a year earlier.

James Perse Sells His Malibu Home to Tech Mogul Ted Waitt for $34 Million:

Sun, 5 Jul 2020

Robb Report, The sale price represents a massive win for the fashion designer, who bought the house in 2010 for $16 million.
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Market Extra: Commercial real estate somehow has been skipped over, for COVID-19 aid. Heres a plan to change that through equity investments:

Thu, 2 Jul 2020

MarketWatch, The federal government is being urged by a top real estate group to take an equity stake in U.S. commercial buildings over the next 12 month, through a facility designed to keep borrowers from defaulting during the pandemic and preventing property prices from a downward spiral.
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Home Price Gains Defied The Odds in April:

Wed, 24 Jun 2020

Mortgage News Daily - Blogs, We expect the normal spring bump in sales was pushed off by the COVID-19 shutdowns and may extend into the summer months as states reopen and real estate sales pick back up.

May's Poor Existing Sales Show the Effects of Lockdown:

Mon, 22 Jun 2020

Mortgage News Daily - Blogs, Posted To:. Existing-home sales fell again in May, although only at a little more than half the rate of decline in April. Still, it marked the third month of falling sales as a result of the coronavirus outbreak. The National Association of Realtors (NAR) said sales of previously owned single-family houses, townhomes, condos, and cooperative apartments sold at an annual rate of 3.91 million units during the month, a month-over-month decline of 9.7 percent. Existing home sales are now 26.6 percent lower than in May of 2019 when the annual rate was 5.33 million units. Sales have seen an aggregate decline over the last three months of 36.0 percent. The annual rate was below the mid-range of predictions from analysts polled by Econoday . They h.

JLL's CFO to leave company after about 15 months in the role:

Mon, 22 Jun 2020

MarketWatch, The real estate and investment management company said it named Karen Brennan, currently the chief executive of Europe operations, as the new CFO.

Hedge funds and REITS slash leverage, says Fed survey:

Thu, 18 Jun 2020

MarketWatch, The Federal Reserve said that the share of hedge funds and real estate investment trusts (REITs) cutting their use of leverage was the highest since 2011, according to a survey of banks and broker-dealers.

Marketing, Bank Statement, Servicing Products; Webinars and Events; Freddie and Fannie in the News:

Tue, 16 Jun 2020

Mortgage News Daily - Blogs, What? You arent offering a 30-year rate below 3% yet? Better catch up, because that is where. is telling borrowers rates are. Of course, us capital markets folks hate it when newspapers talk about rates, and LOs dont like explaining how trivial items such as risk and credit score can influence someones pricing. Meanwhile, on the back end, Congress and regulators are discussing an extension of the foreclose moratorium that expires on June 30. One month? Or past Labor Day? (Time flies werent we supposed to be done with this pandemic hoax at Easter?) What is also being discussed are non-bank servicers and their financial health, which by most accounts is better than it was three months ago, so that is good news, although it lessens t.

Big Lots might use some of the proceeds from $725 million sale and leaseback transaction for share repurchases:

Tue, 16 Jun 2020

MarketWatch, Big Lots Inc. announced the completion of the previously announced $725 million sale and leaseback transaction with Oak Street Real Estate Capital LLC, with proceeds totaling $550 million after taxes and expenses.

Safehold raises dividend by 4%:

Mon, 15 Jun 2020

MarketWatch, Safehold Inc. said Monday it will raise its quarterly dividend by 4%, to 16.224 cents a share from 15.6 cents. The real estate investment trust's new dividend will be payable July 15 to shareholders of record on June 30. Based on Friday's stock closing price of $61.25, the new annual dividend rate implies a dividend yield of 1.06%, which compares with the yield for the SPDR Real Estate Select Sector ETF of 3.32% as of Frdaiy and the implied yield for the S&P 500 of 1.89%, according to FactSet. Safehold's stock, which was still inactive in premarket trading, has soared 52.0% year to date through Friday, while the real estate ETF has slipped 8.1% and the S&P 500 has declined 5.9%. Market Pulse Stories are Rapid-fire, short news bursts on stoc.

The Wall Street Journal: Hedge-fund manager Kyle Bass under SEC scrutiny over criticism of Texas real-estate lender:

Sun, 14 Jun 2020

MarketWatch, Kyle Basss market bet against a Texas real-estate lender seemed like an astute move.
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