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S&P/Case-Shiller Index Hits 19th Straight All-Time High

S&P/Case-Shiller Index Hits 19th Straight All-Time High

by Phil Hall | Feb 25, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The S&P CoreLogic Case-Shiller US National Home Price NSA Index recorded a 3.9% annual return for December, up from a 3.7% annual gain in the previous month. December’s upswing marked a 19th consecutive all-time high for the index. The 10-City Composite saw an...
Buy a House, Get Free Eggs? Viral Video Highlights Unlikely Buyer Incentive

Buy a House, Get Free Eggs? Viral Video Highlights Unlikely Buyer Incentive

by Phil Hall | Feb 25, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The intersection of real estate, TikTok and highly priced eggs overlapped into a newly popular viral video where a North Carolina real estate agent is promising free eggs as an incentive for a home sale. TikTok user @aaronc97_ documented this unlikely incentive when...
Ex-Real Estate Attorney Charged with Stealing Client’s Funds

Ex-Real Estate Attorney Charged with Stealing Client’s Funds

by Phil Hall | Feb 25, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A former real estate attorney in the New York’s Westchester County was arrested and charged with one count of grand larceny in the second degree for allegedly stealing his client’s funds. According to the charges brought against him, Brian Schmidt represented a home...
NYC’s Historic Roosevelt Hotel to Cease Operating as Migrant Shelter

NYC’s Historic Roosevelt Hotel to Cease Operating as Migrant Shelter

by Phil Hall | Feb 25, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

New York City Mayor Eric Adams has announced the historic Roosevelt Hotel will cease to serve as a migrant shelter in June. The Wall Street Journal reports Adams’ administration said plans to close the hotel were being formulated since December, when the number of...
SEC Brings New Charges Against Elie Schwartz

SEC Brings New Charges Against Elie Schwartz

by Phil Hall | Feb 25, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Securities and Exchange Commission (SEC) has brought new charges against Elchonon “Elie” Schwartz and his New York City-based commercial real estate investment firm Nightingale Properties LLC. Earlier this month, Schwartz pleaded guilty in federal court for...
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