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Search resuls for: "Dave Liniger"


4 mentions found


☆ The housing market is ‘stuck’ until at least 2026, Bank of America warns
  + stars: | 2024-06-27 | by ( Matt Egan | ) edition.cnn.com   time to read: +5 min
Economists at Bank of America warned this week that the US housing market is “stuck and we are not convinced it will become unstuck” until 2026 — or later. And mortgage rates may not fall much — even if the Federal Reserve finally delivers long-delayed interest rate cuts. There isn’t a magic fix,” Michael Gapen, head of US economics at Bank of America, told CNN in a phone interview. However, Bank of America expects housing starts — which is a measure of newly constructed homes — to remain flat for the coming years. Divide between haves and have-notsThe forecast for a “stuck” housing market cuts both ways.
Persons: unstuck, —, Michael Gapen, “ It’s, ”, ‘, Dave Liniger, ” Liniger, Liniger, “ Don’t Organizations: New, New York CNN, Bank of America, Federal Reserve, CNN, ”, ” Bank of America, Gallup Locations: New York, America
☆ Ex-CEO worked 3 jobs to buy a small fixer-upper house—flipping it launched a $265.2 million real estate empire
  + stars: | 2023-09-09 | by ( Tom Huddleston Jr. | ) www.cnbc.com   time to read: +5 min
One of the world's largest real estate companies started out as a side hustle. Then, he acquired a real estate license to save money on commissions, and discovered he had some talent as a broker. Liniger left the military in 1971, moved to Denver and worked for other real estate brokerages before co-founding Re/Max with his soon-to-be wife, Gail. When Liniger launched Re/Max, he was "terribly naive," he says — telling his first employee he "was going to build the largest real estate company in the world." Surround yourself with positive influencesAssociate yourself with people who share your goals, including the desire to succeed, Liniger advises.
Persons: Max, Dave Liniger, Liniger, frugally, Gail, Jim Rohn, Berkshire Hathaway, Warren Buffett, Bill Gates, Gates, Buffett, you've Organizations: CNBC, U.S . Air Force, Indiana University, Re, Berkshire, Microsoft, Columbia University, NASCAR, NASA Johnson Space Center, . Space Command Locations: Denver, U.S, Tucson , Arizona, Colorado
☆ Homebuyers must ‘learn to live’ with near-7% mortgage rates, says RE/MAX chairman
  + stars: | 2023-07-14 | by ( Matt Egan | ) edition.cnn.com   time to read: +4 min
After all, he recalls the early 1980s when the Federal Reserve’s war on inflation briefly spiked mortgage rates above 18%. “Everyone has been spoiled by the past 15 years of low interest rates,” Liniger, now the chairman of RE/MAX, told CNN. Mortgage rates climbed to 6.96% during the week ending July 13, up from 6.81% the week before, Freddie Mac said Thursday. “We’re just going to have to learn to live with 6.5% or 7% mortgage rates for six to 18 months,” said Liniger. ‘This is the top’Lawrence Yun, chief economist at the National Association of Realtors, is more optimistic about the direction of mortgage rates.
Persons: Dave Liniger, ” Liniger, Freddie Mac, That’s, Liniger, “ We’re, ”, Lawrence Yun, ” Yun, ” Torsten Slok, it’s, Yun, there’s Organizations: New, New York CNN, Federal, CNN, National Association of Realtors, Apollo Group Locations: New York, America
☆ Home prices could drop 10% 'in many places' this year, said a 50-year real-estate veteran who's witnessed many booms and busts
  + stars: | 2023-02-24 | by ( Aj Latrace | ) www.businessinsider.com   time to read: +3 min
One real-estate veteran sees the housing market cooling down further after a multiyear bull run. As prices fall, he added, there will also likely be a mass exodus of real-estate agents. For instance, San Francisco, San Jose, Seattle, and Phoenix have all seen their median home prices decline by 10% or higher since the housing market peaked last year. Liniger, who in 1973 established ReMax, which now has 140,000 real-estate agents in 110 countries, has witnessed numerous economic peaks and valleys over his 50-year career in real estate. Real-estate agents may flee the industryHowever, the housing bust of 2008 led to severe attrition of real-estate agents, and that exodus from the industry could be repeated this time around, Liniger said.
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