Over the past few days, a ton of bank quarterly earnings have been released again, mostly from the larger banks, but mostly from the much larger regional banks. But things aren't looking much better. High interest rates are eating into profits, and the Federal Reserve has warned that they're likely to remain high for some time to come. On Thursday, three companies reported declines in net income: KeyCorp, Comerica and Ally. On Wednesday, U.S. Bancorp and Citizens Financial did the same. Weighing on the sector is commercial real estate, as these banks are burdened with piles of CRE loans hit…
Author: Private Lending Agent
In this IssueWhile economic growth has moderated slightly, the labor market remains resilient with the unemployment rate remaining below 4% for the 26th consecutive month, the longest streak since the 1960s.Housing demand is on the rebound, but with mortgage rates still averaging 6.8%, many prospective homebuyers continue to be priced out of the market.A preview of the spring homebuying season shows a healthy recovery compared to last year and first-time homebuyers continue to carry demand, making up almost 6 out of 10 purchase applications. MORERecent developmentsU.S. economy: The U.S. economy continued to grow at a seasonally adjusted annual rate (SAAR) of…
Introducing our newest agent, Erica Lawson. Erica moved to Whistler from Ontario when she was 18, soaking up the charm of the mountain town while exploring her new home alone. Her first weeks in Whistler were filled with late September sun, total freedom, and an overwhelming sense of belonging.Erica went back to school to study Business at BCIT and began her career with Blueshore Financial. Known for her excellent customer service, negotiation skills and getting things done, Erica is committed to helping her clients in the highly competitive world that is the Whistler real estate market.Erica is an avid hockey…
Welcome to First American Title NCS's CRE News Digest, where we cover the biggest news in commercial real estate. As a long-established brand that has been in CRE for over 120 years, First American knows the market and the forces affecting our clients' businesses. The big picture: transactions and maturing debt Impending debt maturities in the commercial real estate industry remain a top priority among industry experts when exploring the state of the market. In a recent analysis, First American Senior CRE Economist Xander Snyder explored the relationship between the current decline in CRE deals and upcoming debt maturities for…
By Ishita Srivastava, Dailymail.Com April 18, 2024 02:09 Updated April 18, 2024 02:29 Todd Hill, 51, known as “Mr. Flip It” from HGTV's “Flip It to Win It,” was convicted of fraud and sentenced to four years in prison and ordered to pay nearly $10 million. Prosecutors say he participated in multiple fraud schemes, including a Ponzi scheme. A former star of the HGTV television show has been convicted of fraud and ordered to pay nearly $10 million. Todd “Mr. Flip It” Hill, star of the show “Flip It to Win It,” was sentenced to four years in prison and…
A former reality TV star from “Flip It to Win It” has been convicted of a Silicon Valley real estate fraud scheme and sentenced to four years in prison and ordered to pay $9.4 million in restitution.Charles “Todd” Hill, 58, of Los Gatos, was convicted last fall of real estate and financial fraud, sentenced to prison and ordered to pay restitution to 11 victims, according to reports from the San Jose Mercury News and the Daily Beast. He was given 10 years' probation.Hill, known as “Mr. Flip It” on the HGTV series that aired a decade ago, used investors' money…
A 58-year-old California man who appeared on the HGTV home improvement competition series has been convicted of real estate fraud and sentenced to four years in prison, prosecutors announced Tuesday.Charles “Todd” Hill was also ordered to pay $9.4 million in restitution, the Santa Clara County District Attorney's Office announced in a news release.Hill was indicted in 2019 and convicted last September of committing “multiple fraud schemes” after pleading guilty to “grand theft and aggravated white collar crimes against all victims,” according to prosecutors.”Some people see the huge amounts of money flowing into Silicon Valley real estate as a business opportunity,”…
Chicago Atlantic Real Estate Finance Co.CHICAGO, April 17, 2024 (GLOBE NEWSWIRE) — Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI) (“Chicago Atlantic” or the “Company”), a commercial mortgage real estate investment trust company, announced details of its financial results release for the first quarter ended March 31, 2024.The Company plans to make an earnings release before the market opens on Tuesday, May 7, 2024 and will host a conference call that day at 9:00 a.m. Eastern Time. Interested parties may access the conference call live via webcast on Chicago Atlantic's Investor Relations website or participate by telephone by registering using…
With all this advice in mind, you might be wondering what a great real estate business card looks like. We've put together some examples to give you an idea of what will help your business card stand out. Double-faced cards If you're looking for a double-sided card, this is a good example. The front is simple and bright, so it won't strain your eyes. The back has all the agent's contact information along with their agent number and broker. Everything is nicely spaced, making it easy to scan and find the information you need, and the color scheme is spot…
“We are investing responsibly in our biggest priorities and the great opportunities ahead,” a Google spokesperson said in an emailed statement. While Google continues to make job cuts, this time reportedly laying off employees in its finance and real estate divisions, the company continues to invest in its geographic growth hubs in Ireland, the US and India. The cuts affected teams across the Mountain View, California-based cloud giant's finance, business services, revenue cash operations and other divisions, according to Business Insider. In a statement to CRN, a Google spokesperson said the company is “simplifying our organizational structure to reduce bureaucracy…