Boat with around 270 people on board capsizes off North Cyprus, media says
Boat with around 270 people on board capsizes off North Cyprus, media says
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CBRE IM and Moda Living make first UK single family housing acquisition
The portfolio includes completed and forward-funded homes across three UK residential markets. Your trusted source for commercial real estate intelligence, insights, and market analysis. Register for free to access two complimentary articles per month, or Subscribe to unlock unlimited CRE intelligence. Already have an account? Log in The post CBRE IM and Moda Living make…
PCE inflation remains sticky as Fed weighs next move
Key takeaway: The personal consumption expenditure index, the Federal Reserve’s preferred measure of inflation, increased to 3.7% in July. Supporting data: Core PCE inflation, which excludes volatile food and energy prices, rose 3.3% from a year earlier. What’s at stake: Federal funds futures contracts tracked by CME Group showed Wednesday that just under 60% of…
NEXA Lending among latest lenders hit with TCPA lawsuits
Five more mortgage lenders were hit with spam call lawsuits in the past few weeks, as more joined the lineup of defendant firms. Processing Content The latest companies facing federal Telephone Consumer Protection Act complaints are Hartford Funding, Mortgage Pros, Mutual of Omaha, NEXA Lending and Tomo Mortgage. The cases all filed since July 16…
Fake-Plant Maker Shuttering Hialeah Warehouse, Moving To Lakeland
A manufacturer of artificial flowers and trees is ditching South Florida and laying off dozens of local employees. Photo credit: Google Maps Nearly Natural has operated out of this Hialeah warehouse for years. Nearly Natural filed a notice under the Worker Adjustment and Retraining Notification Act with the Florida Department of Commerce last week, disclosing…
Bonds face a bigger threat than the Fed as global rates climb
By Ruth Carson, Masaki Kondo and Cameron Fozi (Bloomberg) — As investors debate whether and when the Federal Reserve will raise interest rates, market expectations for further tightening are building around the world — and spelling trouble for bonds. Traders see borrowing costs rising faster in Japan, Canada, the UK and the euro zone than…
Spring leasing season gives single-family rents outsized boost
Single-family rents marched higher in May, supported by outsized appreciation during the spring rental season, according to a new analysis published Thursday by Cotality. Rents for single-family houses rose 1.3% year over year in May, the real estate analytics firm said, slowing to half the 2.6% growth rate recorded a year earlier. Northeast and Midwest…
