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Survey: One in Five Buyers Willing to Sacrifice Safety for Affordable Home

Survey: One in Five Buyers Willing to Sacrifice Safety for Affordable Home

by Phil Hall | Aug 5, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly one in every five (17.3%) house hunters are willing to sacrifice their physical safety to find a home they can afford within the next year, according to a new survey of 3,000 homeowners and renters from Redfin (NASDAQ:RDFN). Among age demographics, nearly one...
Report: GSEs Planning Tougher Rules on Multifamily Lenders

Report: GSEs Planning Tougher Rules on Multifamily Lenders

by Phil Hall | Aug 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The government-sponsored enterprises (GSEs) Fannie Mae (OTCMKTS: FNMA) and Freddie Mac (OTCMKTS: FMCC) are reportedly preparing tougher rules for multifamily property lenders and brokers. According to a Wall Street Journal report sourced from unnamed “people familiar...
$4 Billion Settlement Reached in Maui Wildfires Devastation

$4 Billion Settlement Reached in Maui Wildfires Devastation

by Phil Hall | Aug 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Hawaii Gov. Josh Green announced a $4 billion settlement resolving all tort claims arising from the Maui wildfires. According to a statement from the governor’s office, the seven defendants – the State of Hawaii, County of Maui, Hawaiian Electric, Kamehameha Schools,...
Massachusetts Governor Warns Steward Health Care on Hospital Closings

Massachusetts Governor Warns Steward Health Care on Hospital Closings

by Phil Hall | Aug 2, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Massachusetts Gov. Maura Healey has called on the financially ailing Steward Health Care to follow the state’s Department of Public Health regulation that requires hospital owners to provide 120 days’ notice before closing a medical facility. The Associated...
Minnesota Foreclosure Rescue Service in $240K Settlement Over Compliance Errors

Minnesota Foreclosure Rescue Service in $240K Settlement Over Compliance Errors

by Phil Hall | Aug 2, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Minnesota Attorney General Keith Ellison announced a $240,000 settlement with Dwell Equities LLC related to compliance errors in the company’s foreclosure rescue services. According to a statement from Ellison’s office, the Rochester, Minnesota-based Dwell approached...
Connecticut Supreme Court Rules in Favor of Homeowners Making Short-Term Rentals

Connecticut Supreme Court Rules in Favor of Homeowners Making Short-Term Rentals

by Phil Hall | Aug 2, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Connecticut Supreme Court issued a ruling that it makes it easier for the state’s property owners to offer their homes on short-term rental platforms including AirBnb and VRBO. According to a CT Mirror report, the court’s 5-2 ruling determined that a “residence”...
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