20 overlooked real estate niches brimming with potential
Casting a wide net in real estate can be a smart strategy. However, in a tight housing market, going broad means stiff competition with everyone vying for the same customers. Niche markets, on the other hand, may not be as competitive, especially if you’re targeting a niche in your specific region. While some niches, such […]
United Real Estate expands into Hudson Valley
United Real Estate on Thursday announced a partnership between its North Jersey branch and New York-based residential and commercial brokerage Hudson Valley Edge. Together, the two brokerages’ service footprints include Northern and Central New Jersey, and the Hudson River Valley with more than 400 agents. The brokerages will service New York’s Dutchess, Ulster, Orange, Westchester, […]
Opendoor opens its ‘Exclusives’ platform to home sellers
Just three months after officially launching Opendoor Exclusives, an online platform for homebuyers to browse and buy properties being sold by the iBuyer, the company has announced that it will be opening the platform to home sellers as well. As the platform functions now, the homes being sold by Opendoor are available to any consumer […]
Rocket reports financial loss as production slumps in Q3
Rocket Companies, the parent of Rocket Mortgage, lost money in the third quarter and also appears to have lost its title as America’s largest mortgage originator. Rocket originated $25.6 billion in mortgage volume in the third quarter, which was 71% lower than the $88 billion in volume it produced in the same period last year, […]
Stinking’ “Stonks” Got Smoked but the Pivotheads Still Have Some Catching Down to Do!
In a “thank-you Jesus” moment for those us us who are sick to death of the arrogance, greed, rigging, gambling, denial and freakin’ insanity of the US stock casino, the market pivotheads got a post-Halloween pounding of their hollow pumpkins into the dust of the earth at the end of today’s trading. How the battle […]
Mr. Cooper makes its biggest job cut yet
Retail lender and servicer Mr. Cooper has dropped the ax on approximately 800 staffers, roughly a week after hinting that job cuts were coming due to lower origination production. “In the face of market volatility and economic uncertainty, Mr. Cooper Group has taken a disciplined and proactive step to scale back the Originations business, including […]
FoA Mortgage’s shutdown brightens the prospects of a small Indiana lender
A team of more than 60 mortgage bankers at now-defunct Finance of America Mortgage has landed at Hallmark Home Mortgage. The retail team covers the states of Colorado, Georgia, Kansas, Louisiana, Missouri, South Carolina and Texas. Marc Wadman will continue to lead the group as Hallmark’s senior vice president/regional manager. “Hallmark is now positioned to […]
Do the FBI’s Crime Statistics Add Up?
Believe it or not, someone on the internet is now claiming that violent crime in America fell last year. Unfortunately, that “someone” happens to be the FBI—brandishing a new crime-count methodology, and telling the public, in effect, to ignore the evidence of its own senses. As more or less everyone in the United States today […]
New Research Shows the Importance of Family Environment on Upward Mobility
Over the past several years, there has been a robust debate over the best way to reduce child poverty in the US. One point of view believes that poverty is fundamentally a problem of limited income; therefore, the best way to reduce poverty is to redistribute income through government programs. The other point of view […]