RESIDENTIAL & COMMERCIAL SERVICES | Alameda Contra Costa

Featured Story

Wire Fraud Alert

Wire Fraud Alert image

CAUTION: IMPORTANT WIRE FRAUD ALERT FOR HOME BUYERS

Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email.

A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds accordingly.

>> Learn how to be WireSafe



Local CRE Trends

  

The Latest Articles From the Newsdesk:

Five Federal Priorities To Advance Economic Mobility And Wellbeing
For millions of workers and families across the country there is deep uncertainty about what tomorrow will bring. Economic news careens from bad to good and back again; the nature of work itself is...

10 best low-risk investments in April 2023
...re maximizing your returns. Risk: Money market accounts are protected by the FDIC, with guarantees up to $250,000 per depositor per bank. So money market accounts present no risk to your principal...

When will the Fed stop raising rates? The time could be coming soon
...especially would-be homebuyers who have been priced out of an already expensive housing market long before officials first started hiking rates at a breakneck pace. The 30-year fixed-rate mortgage...

Jobless Claims Are Up Slightly: How To Build Wealth In An Uncertain Economy
Key takeaways New unemployment data shows unemployment benefits applications have increased for three weeks in a row to hit 198,000 The Fed wants to increase interest rates further, risking a...

Financial And Academic Experts See End To Federal Reserve Interest Rate Hikes, Inflation
...a strong view about what will happen to interest rates. Before [the FDIC took over SVB and Signature Bank], market participants saw better than expected economic data — strong payroll trends...

Markets Look To Close Out A Strong Q1
Key Takeaways Can Stocks Keep Going? Apple, Microsoft And Tesla Leading The Charge PCE Shows Inflation May Be Slowing It has been an interesting quarter for stocks. Since the end of December, the...

The Fate of Student Loan Debt Will Impact Multifamily, Retail, Hospitality
Uncertainty surrounds the Biden relief plan, which faces challenges in court. Students, universities, and...

Economists Say Things Aren’t as Bad as They Expected But That Will Change
More than half of NABE members polled by the organization expect a recession in 2023. The latest economic policy survey of 217 National Association of Business Economics...

High-risk investments to avoid in 2023
While the Standard & Poor’s 500 Index got off to a nice start in 2023, it hasn’t exactly blown away investors since then, especially after a miserable performance in 2022. Many market watchers think...

Mortgage rates fall for the third week in a row
Washington, DC CNN  —  Homebuyers saw another week of falling mortgage rates, with the average rate dropping last week for the third week in a row, according to data from Freddie Mac released...