Latest Real estate News
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...
WeWork expects to emerge from bankruptcy by the end of May, predicting $8 billion in rental savings
NEW YORK (AP) — Embattled co-working space provider WeWork says it expects to emerge from bankruptcy by the end of May, touting lease-restructuring efforts that it estimates will bring $8 billion in future rental savings. Cutting back on real estate costs has been a top priority...
Retirees: Is it time to downsize, even in this real estate market?
Your home is your sanctuary, but it’s also one of your biggest budget items. And after you retire, it may feel like more house than you need. But in this housing market, when a smaller home with upgraded features may be about as expensive as the one you’re selling, is it still smart to...
Compass agrees to pay $57.5 million, make policy changes to settle real estate commission lawsuits
Real estate brokerage company Compass Inc. will pay $57.5 million as part of a proposed settlement to resolve lawsuits over real estate commissions, the company said in a regulatory filing Friday. The New York-based company also agreed to change its business practices to ensure...
Rules that helped set real estate agent commissions are changing. Here's what you need to know
The cost of hiring a real estate agent to buy or sell a home may soon change, along with decades-old rules that have helped determine broker commissions. The policy changes could help spur price competition for agents' services and lower the cost for sellers who now typically cover...
Real estate lawsuit settlement upends decadeslong policies that helped set agent commissions
A powerful real estate trade group has agreed to do away with policies that for decades helped set agent commissions, moving to resolve lawsuits that claim the rules have forced people to pay artificially inflated costs to sell their homes. Under the terms of the agreement announced...
Cherry Hill: Q4 Earnings Snapshot
FARMINGDALE, N.J. (AP) — FARMINGDALE, N.J. (AP) — Cherry Hill Mortgage Investment Corp. (CHMI) on Thursday reported a loss of $33 million in its fourth quarter. The Farmingdale, New Jersey-based company said it had a loss of $1.29 per share. Earnings, adjusted for non-recurring...
Tejon: Q4 Earnings Snapshot
TEJON RANCH, Calif. (AP) — TEJON RANCH, Calif. (AP) — Tejon Ranch Co. (TRC) on Wednesday reported profit of $1.6 million in its fourth quarter. On a per-share basis, the Tejon Ranch, California-based company said it had profit of 6 cents. The real estate...
