Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email. A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds accordingly. >> Learn how to be WireSafe
Calendar: What’s driving mortgage rates the week of August 15-19, 2022? After moving up sharply in early 2022, mortgage rates have settled a bit. Here’s a look at what could move markets this week. On Thursday, the National Association of Realtors will release its...
Has Inflation Peaked? am EDT| Stocks rallied sharply last week based on the better-than-expected consumer inflation (CPI) data. Has the rate of inflation peaked for this cycle, though? At the risk of spoiling the ending,...
Robinhood may need to join forces with a larger Wall Street rival A version of this story first appeared in CNN Biness' Before the Bell newsletter. Not a subscriber? You can sign up right here.New York (CNN Biness)Robinhood, as its name suggests, was designed to...
This Costly Dividend Mistake Can Delay Your Retirement By Years am EDT|New! Click on the conversation bubble to join the conversation Got it! American novelist William Faulkner once said, “In writing, you must kill your darlings”. It was a warning to other...
Mortgage rate deals for week ending Aug. 13, 2022: Top offers from lenders The average rate for mortgage offers clicked on by Bankrate readers Friday was 4.23 percent, down 4 basis points from the previous week. Mortgage rates are higher than they were a year ago, so it...
Best homeowners insurance in Florida 2022 Florida homeowners pay an average of $1,648 per year for a policy with $250,000 in dwelling coverage, compared to the national average of $1,383 per year. However, with a predicted worse-than-average...
Housing market is tilting in favor of buyers, Redfin says The current housing market appears to be tilting slightly more in the favor of buyers, marking a reversal of last year's trends, the latest research from Redfin shows. The online brokerage reported...
What are empty nesters? Empty nesters refers to a couple residing alone in a home. Their children have grown up and moved out, either to college or to establish their own homes — thus, emptying the familial housing nest. As...
Home Buyer Competition Falls To Lowest Level Since Early Stages Of The Pandemic pm EDT|New! Click on the conversation bubble to join the conversation Got it! While home sellers might enjoy seeing potential buyers fight over their homes, the housing market is seeing a decline...
Peloton Reportedly Lays Off 800 Employees — Here Are The Major U.S. Job Cuts As Recession Fears Grow pm EDT| Topline Peloton Interactive laid off 800 employees Friday — the at-home stationary bike company’s second round of job cuts — making it the latest major U.S. company to undergo massive...