Foreclosures | Mortgages | Financing
In another sign that the recovery from the housing crisis is ongoing rather than stalled out, the total number of completed foreclosures in 2015 was the lowest number of completed foreclosures in any year since 2006, a new report from CoreLogic shows. …read more
From:: Real Estate Wire
WASHINGTON (MarketWatch) — For the second year, the White House is proposing a tax on the biggest financial institutions. The White House, in its budget proposal released Tuesday, said it would raise $111 billion over 10 years by imposing a seven-basis point fee on the liabilities of largest U.S. firms, which have assets over $50 billion. The proposal faces little chance of being enacted in the Republican-controlled Congress.
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From:: Stock Market News
Today, property managers find themselves in a tough spot. With baby boomers looking to downsize from their home in the suburbs, and recent college graduates entering the rental market for the first time, property managers can find it difficult to know exactly how to market to and communicate with these two very different groups.
So how exactly does the successful property manager market and provide perks to both generations, as well as those in-between? A good start is realizing what is important to each of the renters and provide the capability to offer it to them, including various rent payment options that make everyone happy.
For instance, while baby boomers and the senior generation are much more comfortable writing checks for all of their expenses, including rent, many millennials will never write a check a day in their life if they don’t have to. But by working with your bank and a good property management software product, you can offer the latest rental payments options available while also being mindful of the preferences of your older tenants.
Here are a few options that are available:
While finding ways to make tenants of all ages happy can be challenging, employing various rent payment options will offer all of your tenants a way to pay rent that suits them, while offering management companies a way to process rental payments more quickly and efficiently than ever.
From:: Property Management
Shares of Tesla Motors Inc. fell 4% Tuesday on the heels of another price-target reduction and a day after its worst stumble in more than a year. Earlier Tuesday, analyst Brian Johnson at Barclays cut his price target on Tesla stock to $165 from $180, saying “expectations on fundamentals need to come in check” and reiterating his underweight rating on the electric car maker. Tesla is scheduled to report fourth-quarter results on Wednesday. Other analysts have turned more cautious on Tesla, citing concerns about demand for its vehicles and potential production ahead of the launching of the Model 3, Tesla’s mass-market car. Short interest, or bearish bets, on Tesla’s stock has increased more than 20% over the last six months to an 11-month high. Tesla shares have plunged 40% so far this year, while the S&P 500 has lost 10%.
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From:: Stock Market News
U.S. stocks dropped sharply at the open for the third session in a row, following global equities lower. Japan’s stock market fell more than 5% while European equities were down more than 2%. The S&P 500 opened 17 points, or 1%, lower at 1,835. The Dow Jones Industrial Average was down 135 points, or 0.9%, at 15,885 shortly after the open. Meanwhile, the Nasdaq Composite began the day down 60 points, or 1.3%, at 4,226.
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From:: Stock Market News
PayPal Holdings Inc. appointed Sri Shivananda as the company’s new chief technology officer, the company said Tuesday. Shivanda will begin April 1 and will take over from James Barrese, who the company said will “step down to take time off” but help facilitate the transition.
Shivananda, who will also be the company’s new senior vice president, previously worked at eBay on the Global Platform and Infrastructure team and later as a vice president of global platform and infrastructure at PayPal. Shivananda will focus on PayPal’s platform and infrastructure, while the payments and identity team will move under the company’s product and engineering sector. Shares of PayPal were down 1.3% in pre-market trade Tuesday.
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From:: Stock Market News
Shares of Yelp Inc. fell 5% in premarket trade Tuesday after the company’s weaker-than-expected financial outlook and CFO resignation prompted a handful of price target cuts on its stock. RBC Capital cut its 12-month target to $33 from $42, while J.P. Morgan cut its target to $30 from $43. B. Riley upgraded the stock to neutral from sell, but reiterated a bearish target of $15. B. Riley’s target is the lowest among a poll of 24 analysts surveyed by FactSet, implying 7% downside to Monday’s closing price. The average target on the stock is $24.54, while the average rating is the equivalent to buy. Shares of Amazon are down 36% over the last three months, versus an 11% decline for the S&P 500. They have fallen 62% over the last year, vastly underperforming the index’s 10% decline.
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From:: Stock Market News
The first Saks Off 5th will open in New York City on March 3, and it will feature the first-ever Gilt in-store shop, the company said in a Tuesday release. Saks Off Fifth, an off-price retailer, is part of Hudson’s Bay Co. , which also owns Saks Fifth Avenue, Lord & Taylor and other retailers. Hudson’s Bay Co. purchased e-commerce retailer Gilt Groupe Inc. for $250 million in Jan. 2016. The new Saks Off Fifth location will be in Midtown Manhattan. A second Saks Off Fifth will open in downtown Manhattan in Fall 2017. Shares of Hudson’s Bay Co. are down 30.8% for the past 12 months while the S&P 500 is down 9.4% for the same period.
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From:: Stock Market News
Tesla Motors Inc.’s stock dropped 4.7% in premarket trade, after Analyst Brian Johnson at Barclays cut his price target to $165 from $180, saying, “expectations on fundamentals need to come in check.” Johnson reiterated his underweight rating on the electric car maker, citing concerns that a slow ramp of the Model X vehicle could lead to disappointing outlooks on deliveries on gross margin when Tesla reports fourth-quarter results on Wednesday, but said he wouldn’t rule out a near-term rebound in the stock price. He said the recent increase in bearish sentiment in the stock, coupled with the unveiling of the Model 3 vehicle in March, could reinvigorate interest in the beaten down stock. Short interest, or bearish bets, on Tesla’s stock has increased more than 20% over the last six months to an 11-month high. The stock, which is on track to open at the lowest level since January 2014, has plunged 38% so far this year through Monday, while the S&P 500 has lost 9.3%.
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
Tesla Motors Inc.’s stock dropped 4.7% in premarket trade, after Analyst Brian Johnson at Barclays cut his price target to $165 from $180, saying, “expectations on fundamentals need to come in check.” Johnson reiterated his underweight rating on the electric car maker, citing concerns that a slow ramp of the Model X vehicle could lead to disappointing outlooks on deliveries on gross margin when Tesla reports fourth-quarter results on Wednesday, but said he wouldn’t rule out a near-term rebound in the stock price. He said the recent increase in bearish sentiment in the stock, coupled with the unveiling of the Model 3 vehicle in March, could reinvigorate interest in the beaten down stock. Short interest, or bearish bets, on Tesla’s stock has increased more than 20% over the last six months to an 11-month high. The stock, which is on track to open at the lowest level since January 2014, has plunged 38% so far this year through Monday, while the S&P 500 has lost 9.3%.
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