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Trump Sparks Backlash Over Affordable Homeownership Comments

Trump Sparks Backlash Over Affordable Homeownership Comments

by Phil Hall | Jan 30, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

President Trump generated a wave of mostly negative response from his comments during yesterday’s Cabinet meeting where he insisted on keeping home prices high and appeared to denigrate many first-time homebuyers as not being deserving of the American Dream. During...
NYC Mayor Mamdani Backpedals on Promise to Expand Housing Voucher Program

NYC Mayor Mamdani Backpedals on Promise to Expand Housing Voucher Program

by Phil Hall | Jan 30, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City Mayor Zohran Mamdani has backpedaled on a major promise of his election campaign by indefinitely delaying the expansion of the city’s housing voucher program. The Gothamist reports Mamdani ran for mayor in 2025 with the pledge to expand eligibility for...
SBA Issues Guidance to Speed Rebuilding in LA Communities Destroyed by Wildfires

SBA Issues Guidance to Speed Rebuilding in LA Communities Destroyed by Wildfires

by Phil Hall | Jan 30, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

The US Small Business Administration (SBA) has published a regulatory guidance titled “Addressing State and Local Failures to Rebuild Los Angeles After Wildfire Disasters” that will enable allow builders to self-certify compliance with substantive state and local...
Saks Off 5th to Close Most of its Stores

Saks Off 5th to Close Most of its Stores

by Phil Hall | Jan 30, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Saks Global, the parent company of the Saks Fifth Avenue department store chain, it is closing 62 of its 70 Saks Off 5th discount outlets as part of its bankruptcy protection restructuring. The Wall Street Journal reports the stores targeted for closing will begin...
Hanover Bancorp Names New Chief Commercial Real Estate Lending Officer

Hanover Bancorp Names New Chief Commercial Real Estate Lending Officer

by Phil Hall | Jan 30, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Hanover Bancorp Inc. (NASDAQ: HNVR), the Mineola, New York-based bank holding company for Hanover Community Bank, has hired William J. Newham III as executive vice president and chief commercial real estate lending officer. Prior to joining Hanover Bank, Newham was...
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