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New Bill Seeks to End Federal Capital Gains Tax on Primary Residence Sales

New Bill Seeks to End Federal Capital Gains Tax on Primary Residence Sales

by Phil Hall | Jul 11, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rep. Marjorie Taylor Greene (R-GA) has introduced the No Tax on Home Sales Act, which is designed to eliminate the federal capital gains tax on the sale of primary residences. Greene noted the IRS allows an exclusion of up to $250,000 ($500,000 for joint filers) in...
NJ Real Estate Investor Charged in Multimillion-Dollar Ponzi Fraud Scheme

NJ Real Estate Investor Charged in Multimillion-Dollar Ponzi Fraud Scheme

by Phil Hall | Jul 11, 2025 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A New Jersey real estate investor who gained a social media following for his house flipping advice was indicted by a federal jury for creating a multimillion-dollar Ponzi-like investment fraud scheme. According to documents filed in this case and statements made in...
Saudi Arabia to Allow Property Ownership by Foreigners

Saudi Arabia to Allow Property Ownership by Foreigners

by Phil Hall | Jul 11, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The government of Saudi Arabia has enacted a new law permitting non-Saudis to own property in certain markets across the kingdom. The new law, which goes into effect in January 2026. According to a report in Construction Business News, non-Saudis will be able to...
Tim Leiweke Steps Down as Oak View Group CEO Following Indictment on Bid Rigging

Tim Leiweke Steps Down as Oak View Group CEO Following Indictment on Bid Rigging

by Phil Hall | Jul 11, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Tim Leiweke has stepped down as CEO of Oak View Group, a Denver-headquartered professional sports and commercial real estate company, following a federal indictment that accused him of rigging a bid to build and manage the Moody Center Arena at the University of Texas...
HUD Terminates Biden-Era Task Force Addressing Bias in Home Appraisals

HUD Terminates Biden-Era Task Force Addressing Bias in Home Appraisals

by Phil Hall | Jul 11, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Department of Housing and Urban Development (HUD), in partnership with the Office of Management and Budget, announced the Biden-era Property Appraisal and Valuation Equity (PAVE) task force that was created to eliminate bias in home appraisals. In a statement...
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