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Buffalo Homeowners Face Prospect of 8% Property Tax Hike

Buffalo Homeowners Face Prospect of 8% Property Tax Hike

by Phil Hall | Apr 9, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners in Buffalo, New York, face the prospect of an 8% increase in their property tax under the $622 million budget proposed by Acting Mayor Chris Scanlon. WBEN reports Scanlon is proposing the tax hike to fill a $17 million mid-year budget fall that he inherited...
Los Angeles Developer Creates Scholarship for Aspiring Real Estate Professionals

Los Angeles Developer Creates Scholarship for Aspiring Real Estate Professionals

by Phil Hall | Apr 9, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Real estate developer Arman Gabaee, co-managing partner at the Charles Company, has established the Arman Gabaee Scholarship for Real Estate. The new $1,000 award is open to all undergraduate students currently enrolled in accredited colleges or universities, and...
Over 100 Fannie Mae Workers Fired Over ‘Unethical Conduct’

Over 100 Fannie Mae Workers Fired Over ‘Unethical Conduct’

by Phil Hall | Apr 8, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) announced the firing of more than 100 Fannie Mae (OTCQB: FNMA), citing unspecified “unethical conduct.” In a statement, FHFA Director and Fannie Mae Chairman Bill Pulte declared the firings have occurred since he was sworn...
FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas

FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas

by Phil Hall | Apr 8, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing and Urban Development (HUD) Secretary Scott Turner announced the Federal Housing Administration (FHA) is extending its foreclosure moratoriums on FHA-insured single-family mortgages in areas impacted by Hurricanes Helene and Milton by an additional 90 days....
Report: Roof Repair Costs at $31 Billion in 2024

Report: Roof Repair Costs at $31 Billion in 2024

by Phil Hall | Apr 8, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roof repair and replacement cost value totaled nearly $31 billion in 2024, according to the US Roofing Realities Trend Report published by Verisk (NASDAQ: VRSK). This is a nearly 30% surge since 2022. Roof related line items made up more than one-quarter of all...
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