Real estate news

• Fed: Rates Increased for Second Time This Year

  13-06-2018 23:01
  As predicted by all officials, the Fed raised rates for the second time in 2018—from 1.75 percent to 2 percent. The remainder of 2018 and 2019 may see more gradual hikes, with analysts predicting two more increases by year’s end in order to curb future inflation concerns following reports of a strong labor market and economic conditions.
  “In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds
  
  Read more

• Berkadia hires Laura Saull Smith as managing director

  13-06-2018 22:59
  
  Berkadia hired 30-year industry veteran Laura Saull Smith to bolster its HUD lending department for multifamily and healthcare financing. Saull Smith specializes in the LEAN and MAP insured programs.
  
  Read more

• Opendoor to Expand Services and Market Areas With $325M in Series E Round

  13-06-2018 22:48
  Opendoor, an online real estate company claiming to make home-buying and –selling a stress-free and near instantaneous experience, just raised $325 million in a Series E round of financing. The technology-powered company is one of many so-called industry “disruptors” looking to stray from the traditional real estate model by replacing the agent in the transaction with technology-based services.
  “We’re excited to partner with seasoned investors and industry leaders w
  
  Read more

• NewDay USA hires David Loeser to spearhead expansion

  13-06-2018 19:24
  
  NewDay USA hired David Loeser to spearhead the company's expansion efforts. He is tasked with hiring 160 Millennials by the end of 2018, funneling them through the company's training and internship programs.
  
  Read more

• Advertisement

Follow @RealEstate_Nws_ on Twitter!