Fifth Avenue - Real Estate Investor Pulse

Lower Fifth Avenue retail scene thriving after several high-profile leases, expansions

May 21, 2024 Mariel Alumit Comments Off

Manhattan’s retail scene is such a mixed bag as to defy generalization. The Real Estate Board of NY reports fewer available storefronts than last year and rising rents, but overall, conditions are all over the map. […]

After 50 years, Fifth Avenue building sells to Japanese coffee company Geshary

December 19, 2023 Mariel Alumit Comments Off

In a jolt to Fifth Avenue’s retail scene, the Japanese coffee company Geshary has been identified as the new owner of a boutique building at 560 Fifth Ave., shelling out $38 million for it. Sealed […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]