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Proposed Bill Would Increase Scrutiny of Real Estate Purchases by ‘Foreign Entities of Concern’

Proposed Bill Would Increase Scrutiny of Real Estate Purchases by ‘Foreign Entities of Concern’

by Phil Hall | Mar 13, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A bipartisan effort is underway in the U.S. House of Representatives to expand the authority of the Committee on Foreign Investment in the United States (CFIUS) over real estate purchases by certain foreign entities deemed to pose national security threats. According...
Cleveland Real Estate Developer Sentenced to 18 Months for Embezzlement

Cleveland Real Estate Developer Sentenced to 18 Months for Embezzlement

by Phil Hall | Mar 13, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Cleveland real estate developer was sentenced to 18 months in prison for embezzling funds intended for a community development project. According to court documents and trial testimony, Arthur Fayne owned and managed Business Development Concepts LLC (BDC), through...
Mortgage Application Activity Up 7.1%

Mortgage Application Activity Up 7.1%

by Phil Hall | Mar 13, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was up again in the latest data published by the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 7.1% on a seasonally adjusted basis for the week ended March...
Rihanna Lists L.A. Penthouse for Nearly $25 Million

Rihanna Lists L.A. Penthouse for Nearly $25 Million

by Phil Hall | Mar 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Recording superstar Rihanna has listed her Los Angeles penthouse, which was once owned by the late actor Matthew Perry, for $24.95 million. According to The Robb Report, the property takes up the entire 40th floor of the 42-story Century building in Century City. The...
Realtor.com Introduces Three New Climate Risk Factor Scores

Realtor.com Introduces Three New Climate Risk Factor Scores

by Phil Hall | Mar 13, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Realtor.com has added three new climate risk factor scores to its website that address heat, wind and air quality concerns within the home buying and selling process. The new scores, which use data provided by the climate technology company First Street, include Heat...
RESAAS Debuts Real Estate Agent Advisory Board

RESAAS Debuts Real Estate Agent Advisory Board

by Phil Hall | Mar 13, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), the Vancouver-based technology solutions provider for the real estate industry, has launched its Real Estate Agent Advisory Board. According to the company, the Real Estate Agent Advisory Board will provide “a channel...
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