Post Properties, an Atlanta-based multifamily real estate investment trust, has been designated the "Bear of the Day" for Dec. 3 by Zacks Equity Research, Chicago.The Bear of the Day is a stock expected to underperform the markets over the next three to six months. Zacks said the REIT continues to report good quarterly results, but that "there are signs that rental rate growth will slow in the coming quarters and could turn negative in 2008 as the U.S. economy heads toward a recession. Despite a sector-wide selloff over the past six months, Post still trades at an inflated valuation due to persistent buyout rumors." Zacks can be found online at http://www.zacks.com, and Post can be found at http://www.postproperties.com.
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Higher costs than expected, not just for the mortgage but for repairs and more, have recent buyers' regretting their purchase, Clever RE and Redfin found in separate reports.
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New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
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Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28