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Civil Lawsuit Alleging Sexual Assault by the Alexander Brothers is Dismissed

Civil Lawsuit Alleging Sexual Assault by the Alexander Brothers is Dismissed

by Phil Hall | Jan 27, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A federal judge dismissed a woman’s civil lawsuit claiming by three brothers of a prominent real estate industry family, stating she did not meet a filing deadline. The New York Times reports Judge Lewis A. Kaplan of Federal District Court in Manhattan ruled the claim...
New Home Sales Up in December

New Home Sales Up in December

by Phil Hall | Jan 27, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in December were at a seasonally adjusted annual rate of 698,000, according to estimates from the US Census Bureau and the Department of Housing and Urban Development. This is 3.6% above the revised November rate of 674,000 and is...
Report: Trump Team Having Difficulty Securing a New CFPB Director

Report: Trump Team Having Difficulty Securing a New CFPB Director

by Phil Hall | Jan 27, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A new report has stated the continued presence of Biden administration-appointee and Sen. Elizabeth Warren ally Rohit Chopra as the director of Consumer Financial Protection Bureau (CFPB) is due to the inability of the Trump administration to find someone to take over...
QXO Launches $11 Billion Tender Offer to Acquire Beacon Roofing Supply

QXO Launches $11 Billion Tender Offer to Acquire Beacon Roofing Supply

by Phil Hall | Jan 27, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Greenwich, Connecticut-headquartered technology solutions provider QXO Inc. (NYSE: QXO) has commenced an all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply Inc. (NASDAQ: BECN) for $124.25 per share, for a transaction valued at...
New York State Housing Inventory at Historic Low

New York State Housing Inventory at Historic Low

by Phil Hall | Jan 27, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York State’s housing inventory dropped to a historic low while home sales and prices increased. According to date from the New York State Association of Realtors, housing inventory fell 2.6% year-over-year in December to 23,198, the lowest number of homes for sale...
Connecticut Considers Statewide Landlord Register, Rent Caps When Properties Change Hands

Connecticut Considers Statewide Landlord Register, Rent Caps When Properties Change Hands

by Phil Hall | Jan 27, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Connecticut lawmaker is considering introducing legislation that would create a registry for many residential landlords and a temporary rent cap when multifamily properties change ownership. CTInsider.com reports State Rep. Antonio Felipe (D-Bridgeport), the...
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