Engel & Völkers opens shop in Gulf Shores, rebrands local real estate agency
Engel & Völkers, a leading brokerage focused on luxury residential and commercial property, announced on Thursday the opening of its new real estate shop in Gulf Shores, Alabama. The branch will be led by the company’s license partner, Brian Harris, a Savannah, Georgia-based real estate agent and the founder and CEO of Harris Vacation Rentals. […]
Opinion: Evaluating potential acquisitions and partners
As a broker/owner, my main mission is to consistently bring more business and opportunities to my agents so that they can build a business that will sustain the ever-changing market. That means I am always scanning the horizon for strategic relationships through mergers and acquisitions. Are we looking in-market or out-of-market? At the highest level, […]
3 tips from Ryan Serhant on tackling a tough market
The market may be difficult right now, but there are still opportunities to be had for those willing to work for them. “2023 is either going to be the worst year ever if you don’t pay attention or it’s going to be the biggest year of your entire career,” said Ryan Serhant, CEO, broker and […]
The Fed Actually Reveals the Way its Own Delusional Thinking Works, and Why That Assures a Worse Crash!
I just came across an internal Fed staff document that shows what a mess their minds are. When you see how seriously they are misunderstanding this economy and the causes of inflation and how they are going to fight that inflation like Don Quixote jousting at windmills, you’ll realize there is no way they find […]
These housing markets are most likely to correct based on foreclosure buyer behavior
Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Foreclosure auction buyers started bidding more conservatively in the […]
Expensive regions see the biggest dip in home sales
Higher mortgage rates continued to impact home sales over the last month, with existing home sales declining in September for the eighth consecutive month, according to a report from the National Association of Realtors (NAR). “The housing sector continues to undergo an adjustment due to the continuous rise in interest rates, which eclipsed 6% for […]
Elections and Demography: Democrats Lose Ground, Need Strong Turnout
This is the sixth issue of an AEIdeas series that focuses on elections and demographic voting patterns. During the 2022 campaign, we look weekly at demographic subgroup averages from a month of polls. The tight generic ballot race we warned of two weeks ago has arrived. After a consistent two-point lead throughout the summer and […]
Voxtur rolls out attorney opinion letters for VA loans
Real estate tech firm Voxtur Analytics Corp. on Wednesday announced that it has released an Attorney Opinion Letter (AOL) product for VA direct and VA-backed home loans as a compliant alternative to title insurance. Voxtur previously announced this year that it had produced an AOL for Fannie Mae loans. The announcement this week came in […]
Ally Financial takes a big hit on Better.com investment
Online bank Ally Financial recorded a $136 million impairment related to its investment in struggling digital mortgage lender Better.com, bank executives said Wednesday during the company’s third-quarter earnings call. The bank disclosed to shareholders and analysts that the $136 million impairment was a “nonmarketable equity investment” related to its mortgage business. “Following the impairment, our […]