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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”...
Interior Design/Staging Firm Linden Creek Launches Franchise Program

Interior Design/Staging Firm Linden Creek Launches Franchise Program

by Phil Hall | Aug 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Linden Creek, a Raleigh-based interior design and home staging firm, has launched a franchise program with the opening of its first two franchise locations in Charlotte and Cary, North Carolina. The franchise program provides operational tools – including...
Sen. Elizabeth Warren Unveils $550 Billion Housing Bill, Paid for by Raising Estate Taxes

Sen. Elizabeth Warren Unveils $550 Billion Housing Bill, Paid for by Raising Estate Taxes

by Phil Hall | Aug 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Sen. Elizabeth Warren (D-MA) has introduced a $550 billion plan to fund the construction of approximately 3 million new housing units by raising estate taxes. Warren’s endeavor, dubbed the American Housing and Economic Mobility Act, encompasses a wide range of pledges...
FTC to Refund $12 Million to Consumers in House Flipping Scheme

FTC to Refund $12 Million to Consumers in House Flipping Scheme

by Phil Hall | Aug 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Trade Commission (FTC) announced it will distribute over $12 million in refunds to more than 25,000 consumers who paid Zurixx LLC for a dubious house flipping investment training program. The FTC and the Utah Department of Commerce Division of Consumer...
Federal Reserve Holds Rates Again

Federal Reserve Holds Rates Again

by Phil Hall | Jul 31, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Reserve opted to keep the federal funds rate at the 5.25% to 5.5% level. In a unanimous vote, the central bank’s policy making Federal Open Market Committee declared the “economic outlook is uncertain,” adding that it remained “attentive to the risks to...
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