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
Even the Fed is cutting jobs — for the first time in more than a decade New York CNN — Even as Federal Reserve Chair Jerome Powell reassures the public about the state of the US economy, the organization is quietly laying off workers at its own doorstep. The...
CloudQuant Peeks Into The Future Of Inflation: It’s Complicated am EDT| As we digest the latest FOMC statement we scan the horizon for the latest economic data likely to impact the economy in the final quarter of the year. For a viewpoint into virtually every...
Looming Government Shutdown And Higher Interest Rates Hang Over Market ...sixth consecutive week above 7%. Higher rates are being felt in the housing market where the number of existing home sales for August came in at 4.04 million, below forecasts of 4.10 million...
The Possible Recession Is a Dueling Narratives Story Where is the economy going? The Federal Reserve in its September 2023 meeting seemed...
It was a big week for interest rates. Here’s what you need to know ...as sales dropped Home prices continued to climb in August, even as home sales dropped, according to a monthly report from the National Association of Realtors. That’s a result of the low inventory...
Investors riddled with FOMO might be re-entering the US stock market A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the...
Time Lags And Model Uncertainty Raise Risk Of Recession, Inflation pm EDT| The Federal Reserve’s September 2023 decision not to change interest rates highlights two problems in monetary policy: time lags and uncertainty of economic models and forecasts. They try to...
The pros and cons of CD investing Certificates of deposit may not be the most exciting investments, but it’s their safety and predictability that make them attractive, especially in times of economic uncertainty. After 11 Federal...
The Fed Pauses Rate Hikes. For Now The Federal Reserve’s pause on interest rate hikes in the September meeting of the Federal Open Market...
What the Fed’s September rate pause means for homebuyers and sellers ...be near the end of this round of tightening. “We do expect mortgage rates to trend down once the [Federal Open Markets Committee] clearly signals that they have reached the peak for this cycle...