Michael Shvo - Real Estate Investor Pulse

NYC developer Michael Shvo sued for shoddy upkeep at luxury building after buyers paid record $6.1M for one-bedroom apartment

July 30, 2024 Allen Santos Comments Off

Prominent Big Apple developer Michael Shvo was slapped with a lawsuit by a disgruntled couple who plunked down $6.1 million for a pad at the Mandarin Oriental Fifth Avenue, claiming the luxury building is riddled […]

French hospitality outfit Accor signs lease at Michael Shvo’s 711 Fifth Ave

June 11, 2024 Mariel Alumit Comments Off

The sounds of levity at 711 Fifth Avenue last week didn’t come from the spectacular Core Club on the tower’s top four floors, but from the new offices of Accor on the seventh floor. The […]

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 […]