Latest Real estate News
Some older Americans splurge to keep homes accessible while others struggle to make safety upgrades
NEW YORK (AP) — Brenda Edwards considers the four bedroom ranch-style house where she has lived for 20 years her forever home. It's where the 70-year-old retired nurse and her 79-year-old husband want to stay as their mobility becomes more limited. So she hired an interior...
Ares Commercial Real Estate: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Ares Commercial Real Estate Corp. (ACRE) on Thursday reported a loss of $12.3 million in its first quarter. The New York-based company said it had a loss of 23 cents per share. Losses, adjusted for one-time gains and costs, came to 62 cents per...
Angel Oak: Q1 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Angel Oak Mortgage Inc. (AOMR) on Tuesday reported first-quarter earnings of $12.9 million. The Atlanta-based company said it had profit of 51 cents per share. Earnings, adjusted for non-recurring gains, were 11 cents per share. The...
Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices. The online brokerage and real estate services...
Newmark Group: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Newmark Group Inc. (NMRK) on Friday reported a loss of $16.3 million in its first quarter. The New York-based company said it had a loss of 9 cents per share. Earnings, adjusted for non-recurring costs, came to 15 cents per share. ...
NexPoint: Q1 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — NexPoint Real Estate Finance, Inc. (NREF) on Thursday reported a loss of $14.1 million in its first quarter. On a per-share basis, the Dallas-based company said it had a loss of 83 cents. Losses, adjusted for non-recurring costs and stock option...
Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits
LOS ANGELES (AP) — A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages forced U.S. homeowners to pay artificially inflated broker commissions when they sold...
KKR Real Estate: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — KKR Real Estate Finance Trust Inc. (KREF) on Tuesday reported a loss of $3.1 million in its first quarter. The New York-based company said it had a loss of 13 cents per share. Earnings, adjusted for non-recurring costs, were 39 cents per share. ...
Homebuyers’ quandary: to wait or not to wait for lower mortgage rates
LOS ANGELES (AP) — Shop for a home now or hold out for the possibility of lower mortgage rates? That question is confronting many home shoppers this spring homebuying season. Lower rates give home shoppers more financial breathing room, so holding out for a more attractive rate can...
Macy's names 2 independent directors as part of agreement with activist investor
NEW YORK (AP) — Macy's said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain. Macy's said the directors — Ric Clark...
