Foreclosures | Mortgages | Financing
Mortgage applications simmered down after last week’s strong report, with applications falling 4.3%. The refinance share of mortgage activity also dropped, declining to 61% of total applications from 64.3% the previous week, which was the highest level since February 2015. …read more
From:: Real Estate Wire
Lowe’s Cos. on Wednesday reported a sharp drop in net profit for the fiscal fourth quarter, as earnings were hit by a big impairment charge. Profit fell to $11 million, or 1 cent a share, from $450 million or 46 cents a share, in the year-ago period. The retailer said the result includes a non-cash impairment charge of $530 million related to its exit of a joint venture in Australia. Excluding this impact, adjusted earnings per share rose to 59 cents, up 28% from 46 cents in the fourth quarter last year. Sales rose to $13.2 billion, up from $12.5 billion a year ago. Analysts surveyed by FactSet expected adjusted earnings of 59 cents a share on sales of $13.1 billion. Shares were down 2.1% in premarket trade.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
The stars of The Fabulous Beekman Boys offer three fresh inspirations for walls from their new book …read more
From:: DIY this old house
A series of tornadoes swept through southern Louisiana and Mississippi on Tuesday night, leaving at least three people dead. At least seven tornadoes hit the area, including one that devastated a mobile home park about 60 miles west of New Orleans, injuring dozens and killing two, according to Reuters. Another person was reported killed near Purvis, Mississippi, the Associated Press reported. The fierce storms were expected to last through the night, and severe weather warnings were in effect in nearby Georgia and Florida.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
In another move that signifies the growing movement to protect real estate agents and Realtors when they are showing a house, the state of Florida is currently considering legislation that would ensure harsher penalties for attacks on real estate agents. …read more
From:: Real Estate Wire
When it comes to building a successful business you need happy clients. There are 3 helpful tips when deciding how to keep clients engaged and writing reviews that help you grow your business. In this article from Realty Times, find out why keeping in touch with current clients, using a third-party website, and dedicating a website page specifically for reviews is an important tool to master. While the article focuses on realtors, these tips can also apply to property managers.
Read full article on Realty Times.
From:: Property Management
As home values continue to rise, many homeowners are looking at possible home renovations, and using their current equity to finance them. …read more
From:: Real Estate Wire
Dycom Industries Inc. shares dropped in the extended session Tuesday after the specialty contractor’s quarterly earnings and outlook fell short of Wall Street estimates. Dycom shares fell 17% to $49.50 after hours. The company reported adjusted fiscal second-quarter earnings of 54 cents a share on revenue of $559.5 million. Analysts surveyed by FactSet had estimated 56 cents a share on revenue of $544.1 million. Dycom estimates third-quarter earnings of 70 cents to 78 cents a share on revenue of $585 million to $605 million. Analysts expect 84 cents a share on revenue of $592.1 million. Separately, Dycom said its board authorized an additional buyback of $50 million in company shares.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
HealthSouth Corp. late Tuesday topped Wall Street estimates for the fourth quarter and raised its outlook for the year. The healthcare-services company reported adjusted fourth-quarter earnings of 59 cents a share on revenue of $879.3 million. Analysts surveyed by FactSet had forecast 58 cents a share on revenue of $859.3 million. The company now sees 2016 earnings of $2.32 to $2.44 a share, while analysts estimate $2.50 a share. Shares of HealthSouth were flat at $32.82 after hours.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
The American Petroleum Institute late Tuesday reported that crude supplies rose by 7.1 million barrels for the week ended Feb. 19, according to sources who reviewed the report. Analysts polled by Platts forecast a climb of 3 million barrels. April crude traded at $31.28 a barrel in electronic trading, down from the contract’s settlement of $31.87 on the New York Mercantile Exchange. The closely-watched Energy Information Administration report is due Wednesday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News