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Airbnb Debuts Co-Host Network

Airbnb Debuts Co-Host Network

by Phil Hall | Oct 16, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Airbnb Inc. (NASDAQ: ABNB) is now offering a co-host network designed help Airbnb hosts manage their properties. Under the program, co-hosts will manage listings, answer reservation inquiries, communicate with guests, contract for cleaning services and handle problems...
SBA to Pause New Disaster Loan Origination, Citing Lack of Funds

SBA to Pause New Disaster Loan Origination, Citing Lack of Funds

by Phil Hall | Oct 16, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Small Business Administration (SBA) announced it exhausted funds for its disaster loan program and will need to pause new loan offers for its direct, low-interest, long-term loans to disaster survivors until Congress appropriates additional funds. However, SBA...
Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion

Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion

by Phil Hall | Oct 16, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Insured industry losses to onshore property for Hurricane Milton could range from $30 billion to $50 billion, according to a forecast from the Extreme Event Solutions group at Verisk (NASDAQ: VRSK). The new forecast noted the back-to-back impact of Hurricane Helene...
Mother of Missing Texas Real Estate Agent Fears Her Daughter is Dead

Mother of Missing Texas Real Estate Agent Fears Her Daughter is Dead

by Phil Hall | Oct 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The mother of an Olmos Park, Texas-based real estate agent who disappeared a week ago after a violent fight with her husband believes that her daughter is no longer alive. KSAT 12 News reported that Suzanne Clark Simpson was last seen by a neighbor on the evening of...
New Lending Platform Aims at Multifamily Property Owners

New Lending Platform Aims at Multifamily Property Owners

by Phil Hall | Oct 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A trio of real estate organizations – Smith Hill Capital, ECI Group and InterVest – have teamed up to create a $250 million private lending platform that will provide financing on first mortgages, mezzanine loans, and preferred equity investments to multifamily...
Michigan Real Estate Agent Sentenced in Child Predator Case

Michigan Real Estate Agent Sentenced in Child Predator Case

by Phil Hall | Oct 14, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A real estate agent in Lansing, Michigan, was sentenced to up to 20 years in prison on a charge of sexually abusive activity involving a child. According to the Lansing State Journal, 64-year-old John DeMarco received a sentence of 30 to 240 months from Judge Matthew...
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