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 More about our Wiring Instructions >>
Economists Say Things Aren’t as Bad as They Expected But That Will Change More than half of NABE members polled by the organization expect a recession in 2023. The latest economic policy survey of 217 National Association of Business Economics...
High-risk investments to avoid in 2023 While the Standard & Poor’s 500 Index got off to a nice start in 2023, it hasn’t exactly blown away investors since then, especially after a miserable performance in 2022. Many market watchers think...
Mortgage rates fall for the third week in a row Washington, DC CNN — Homebuyers saw another week of falling mortgage rates, with the average rate dropping last week for the third week in a row, according to data from Freddie Mac released...
2023 second-quarter housing trends: Uncertainty prevails ...gurus. Understandably so, given the combination of rising mortgage interest rates, declining home sales and ongoing inventory and affordability issues. But what do April, May and June have in...
Dow Jumps 200 Points As Lack Of ‘Drama’ Spurs Gains Topline Major stock indexes rose to multi-week highs early Thursday as a lack of news on the nation’s banking sector proved to be good news for investors. Key Facts The Dow Jones Industrial...
Crypto Price Alert: BlackRock Issues Stark Fed Warning After Huge Bitcoin And Ethereum Boom Bitcoin BTC , ethereum and other major cryptocurrencies have rocketed higher in the first three months of 2023—. The bitcoin price, following a brutal 2022 crash, has added around 70% as traders...
The US economy grew 2.6% during the fourth quarter, slower than previously estimated Minneapolis CNN — The US economy grew at a slower pace in the fourth quarter than previously...
Why Commercial Real Estate Could Cause The Next Bank Failures ...lending and contagion—driven this time by small banks and CRE lending. The FDIC can handle individual bank failures. The worry is that we’ll see system-wide contagion revealing risks in other...
Recession Now Far More Likely. Blame The Banks After more than nine months of waiting the much-heralded U.S. recession may actually happen. Still, its not guaranteed. Back in June 2022 I wrote a column for Time Magazine stating that . I was sure...
When Will The Stock Market Turn Around? The Answer Might Be Hiding In Plain Sight. “The portfolio has been treading water” and “When are we going to see a turn around?” have been frequent comments from my clients, and almost every other financial advisor I talk to on a regular...