Quicken Loans Becomes the Nation’s Largest Mortgage Lender
Detroit-based Quicken Loans today announced it has become the nation’s largest residential mortgage lender in the 4th quarter of 2017– surpassing close to 30,000 lenders (commercial […]
RE/MAX President Geoff Lewis Retires
RE/MAX, one of the world’s leading franchisors of real estate brokerage services, and Motto Mortgage (“Motto”), an innovative mortgage brokerage franchise, today announced that RE/MAX […]
Mortgage Rates Jump to their Highest Levels in 13-Months Says Freddie Mac
Weekly mortgage rates jumped to their highest levels in more than 13-months as U.S. bond yields rose on concerns that hints of rising inflation would […]
U.S. Hotel Industry Posts Record-Breaking Year in 2017
The U.S. hotel industry registered record-breaking performance levels during 2017, according to data from STR. Compared with 2016: Occupancy: +0.9% to 65.9% Average daily rate […]
Keller Williams Now the Largest Franchise Company in the U.S.
Real estate company Keller William is claiming that it is now the largest franchise firm in the U.S. based on its 2017 sales, according to […]
Three Reasons Newmark Knight Frank’s IPO Disappointed
Newmark, a commercial real estate services firm that includes brokerage Newmark Knight Frank, went public in early December with plans to sell 30 million shares at a price […]
Rolls Royce Taps Cushman & Wakefield for Global Real Estate Services
Power and propulsion systems giant Rolls-Royce has appointed Cushman & Wakefield to an expanded role supporting its global property requirements following a competitive tender process. […]
Common Formulas and Ratios Used in Real Estate Investing
Real estate investors use a great number of formulas and ratios to determine the feasibility of investing in a particular property or project. Below is […]
Nearly a Quarter of All U.S. Home Sales Were Above Asking in 2017
Buyers paid more than the asking price in nearly one quarter (24 percent) of U.S. home sales in 2017, netting sellers an additional $7,000 each. Five years […]
Blackstone Acquires Logistics REIT for $3.8 Billion
An affiliate of Blackstone Property Partners paid $3.8 billion to purchase Canadian-based Pure Industrial Real Estate Trust (PIRET), a logistics and industrial REIT, reported Real Estate News Exchange. As […]