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Minnesota Real Estate Broker Convicted of Exploiting Muslim Homebuyers with Contract for Deed Scheme

Minnesota Real Estate Broker Convicted of Exploiting Muslim Homebuyers with Contract for Deed Scheme

by Phil Hall | Jun 24, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Minnesota real estate broker was found guilty in a jury trial of exploiting Muslim homebuyers in a predatory deed scheme. Chadwick Banken and several companies that he owned were accused offering contract for deed transactions that were promoted as sharia compliant...
Pat Boone Selling Beverly Hills Home of 66 Years for $22 Million

Pat Boone Selling Beverly Hills Home of 66 Years for $22 Million

by Phil Hall | Jun 24, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

After living in his Beverly Hills estate for the last 66 years, singer-actor Pat Boone has listed the property for sale at $22 million. The home, which spans 7,032 square feet and includes six bedrooms and seven bathrooms, was built in 1939. Mansion Global reports...
High-Flood-Risk Counties Lost More Residents Than They Gained in 2025

High-Flood-Risk Counties Lost More Residents Than They Gained in 2025

by Phil Hall | Jun 24, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Counties that have higher than normal risks of flooding lost 63,357 more residents than they gained in 2025. According to data from Redfin, that number is nearly double the net outflow from 2024 when 34,099 more people in flood-prone counties moved out than in. In...
Trump Cancels Signing of Housing Bill, Demands Passage of Voter ID Bill First

Trump Cancels Signing of Housing Bill, Demands Passage of Voter ID Bill First

by Phil Hall | Jun 24, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

President Trump has abruptly cancelled today’s Capitol Hill signing of the 21st Century ROAD to Housing Act, stating he would approve the bipartisan legislation until Congress passed the SAVE America Act. The SAVE America Act, which would require proof of citizenship...
New Home Sales Down 7.3% in May

New Home Sales Down 7.3% in May

by Phil Hall | Jun 24, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses during May were at a seasonally adjusted annual rate of 580,000, according to estimates from the US Census Bureau and the Department of Housing and Urban Development. This marked a 7.3% decline from the April rate of 626,000, and 6.8%...
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