Lennar, headquartered in Miami, Florida, provides real estate financial services and develops multifamily rental properties, employing 12,284 people. Its segments include homebuilding, financial services, and multifamily development.
LEN has been in the news recently: The Mortgage Bankers Association reported an 11% increase in mortgage applications last week, with refinance applications rising by 14.3%, while average mortgage rates stand at 6.09%. FirstKey Homes is aggressively selling homes at price cuts averaging 10%, listing over twice as many properties as their peers in a volatile market.
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