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NAR: Black Homeownership Rate Rising, But Still Below Other Demographics

NAR: Black Homeownership Rate Rising, But Still Below Other Demographics

by Phil Hall | Mar 17, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data published by the National Association of Realtors (NAR) has determined the Black homeownership rate experienced the greatest year-over-year increase in 2023 among racial groups, but it was still lower than the rates recorded by other demographics. The Black...
Report: Fannie Mae Maintains Blacklist of Over 5,000 Condo Communities

Report: Fannie Mae Maintains Blacklist of Over 5,000 Condo Communities

by Phil Hall | Mar 17, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Wall Street Journal is reporting that Fannie Mae (OTCQB: FNMA) maintains a “secret blacklist” of condominium communities that makes it difficult, if not impossible, for these properties to get a mortgage. The new report claims the blacklist “includes condo...
‘Seinfeld’-Inspired Fraudster Sentenced for Real Estate Scams

‘Seinfeld’-Inspired Fraudster Sentenced for Real Estate Scams

by Phil Hall | Mar 17, 2025 | Current News & Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

A fraudster whose chicanery was inspired by a “Seinfeld” joke was sentenced in Brooklyn federal court to 45 months in prison for wire fraud and ordered to pay $1.3 million in forfeiture. Thomas John Sfraga, also known by the alias TJ Stone, presented himself to...
Voice of America Parent Agency Cancels Lease on New DC Headquarters

Voice of America Parent Agency Cancels Lease on New DC Headquarters

by Phil Hall | Mar 17, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The US Agency for Global Media (USAGM), the parent agency for Voice of America, Radio Free Europe/Radio Liberty and Radio Free Asia, is cancelling its 15-year lease on its Washington, DC-based headquarters as the Trump administration plans to eliminate the agency. In...
Florida Lawmakers Consider Accessory Dwelling Units to Solve Affordable Housing Shortage

Florida Lawmakers Consider Accessory Dwelling Units to Solve Affordable Housing Shortage

by Phil Hall | Mar 17, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Florida legislature is considering the use of accessory dwelling units (ADU) to help solve the state’s affordable housing shortage. News Service of Florida reports panels within the state’s House and Senate passed bills that would enable localities to allow the...
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