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Is A New Housing Bubble Being Formed?

Is A New Housing Bubble Being Formed?

by Phil Hall | Apr 26, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Is there another housing bubble on the rise? A report from the Indiana University Kelley School of Business is predicting a brand-new housing bubble is in the making. In their article “Prepare for a Generational Housing Bubble,” Phil Powell, clinical associate...
CFPB Issues Guidance to Debt Collectors on Zombie Mortgages

CFPB Issues Guidance to Debt Collectors on Zombie Mortgages

by Phil Hall | Apr 26, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) issued guidance on debt collectors who threaten to foreclose on homes with mortgages past the statute of limitations, stating such actions could be in violation of the Fair Debt Collection Practices Act and its...
Florida Home Sales Down While Prices Remain Elevated

Florida Home Sales Down While Prices Remain Elevated

by Phil Hall | Apr 24, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s home sales dropped during March but prices continued to rise, according to new data from Florida Realtors. Last month ended with 26,161 closed sales of existing single-family homes, down 15% year-over-year, while the 11,188 condo-townhouse sales were 23.5%...
CFPB Downplays Data Breach Report

CFPB Downplays Data Breach Report

by Phil Hall | Apr 21, 2023 | Industry Updates, News/Current Events, WRE News Exclusive

The federal agency tasked with protecting consumers seemed to be doing the exact opposite, thanks to a data breach enacted by one of its employees. However, the agency claims the situation is not a cause for alarm. The Wall Street Journal reported an unnamed worker at...
FDIC Auctions Mortgage-Backed Bonds from Failed Banks

FDIC Auctions Mortgage-Backed Bonds from Failed Banks

by Phil Hall | Apr 20, 2023 | Industry Updates, Mortgage Information, U.S. Housing Market, WRE News Exclusive

The Federal Deposit Insurance Corp. (FDIC) has begun selling mortgage-backed bonds from Silicon Valley Bank and Signature Bank (OTC:SBNY). The Wall Street Journal reported the FDIC put up $700 million of high-quality mortgage-backed bonds yesterday as part of an...
Legalized Cannabis and Real Estate: Still a Work in Progress

Legalized Cannabis and Real Estate: Still a Work in Progress

by Phil Hall | Apr 19, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The legalization of marijuana in the U.S. has created something of a nationwide crazy quilt. Cannabis is still considered illegal under federal law, but in 21 states plus the District of Columbia and Guam both medicinal and recreational marijuana retailing is legal....
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