The Federal Reserve is set to wrap up what’s expected to be an uneventful two-day meeting on Wednesday. Mortgage rates remain in the low-6% range and aren’t likely to swing one way or the other as policymakers should keep benchmark rates unchanged. Mortgage News Daily reported Monday that 30-year fixed rates averaged 6.17%, down 4…
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On Monday, Smith Douglas Homes announced the creation of a new role — Regional President, Southeast. The new position comes as the Georgia-based builder expanded into several new southeastern markets last year and is positioning itself to bolster operations in existing divisions. Scott Bowles will serve as the new Regional President, Southeast. In this role,…
The Resident Group, a Los Angeles-based, Side-backed real estate team, is welcoming Kevin Stewart to the team from The Agency. The team announced Stewart’s move on Monday. Stewart closed 15 transaction sides in 2024 for a total sales volume of $31.76 million, according to RealTrends Verified data. He is joining the team as a Resident…
A major New York hedge fund has called on CoStar to divest or shut down its residential real estate business after heavy spending on Homes.com.