Why independent brokerages may have the advantage in real estate’s next chapter

The real estate industry has never lacked for uncertainty. But if there was a prevailing message from a panel of brokerage leaders moderated by Paul Boomsma, president and CEO of Leading Real Estate Companies of the World (LeadingRE), it’s that perspective matters. For brokerage leaders navigating c

Nicolas Cage Splashes Out $6.5 Million on Luxury Manhattan Apartment That Spans 2 Units

Hollywood star Nicolas Cage has reportedly snapped up a sprawling two-bedroom condo in the heart of Manhattan for $6.5 million—and took out a $4.55 million mortgage for the deal. The 62-year-old actor is said to have purchased the unit inside the coveted Essex House Residences building at 160 Centra

Reported layoffs at Morgan Stanley hit mortgage and wealth management units

Morgan Stanley’s reported layoff of about 3% of its workforce — roughly 2,500 employees — is affecting some staff working on mortgage origination services for wealth management clients. The bank is cutting positions across its estimated 83,000-employee global workforce due to shifts in business prio

Mortgage Interest Rates Today: Rates Rise to 6% as Iran War Stirs Inflation Fears

Mortgage rates ticked back up Thursday after falling below 6% for the first time in over three years just the week before, as fears of rising inflation related to the war in Iran rattled the market.  The average rate on 30-year fixed home loans rose to 6% for the week ending March 5, up from 5.98% t