The Mortgage Bankers Association (MBA) announced that Jeffrey Weidell, CEO of Northmarq, has been nominated to serve as vice chairman for the 2027 membership year. Weidell will be installed at MBA’s 113th Annual Convention and Expo in Chicago this October. Per MBA’s...
President Trump has nominated Brian Johnson to become the director of the Consumer Financial Protection Bureau (CFPB). Johnson served as deputy director of the CFPB from 2018 to 2020 during the first Trump term. During that time, he served as the CFPB representative...
The median sold price for the Mid-Atlantic region encompassed by Bright MLS reached $450,000 in May, a 3.4% year-over-year increase and the highest level on record. There were 24,153 new contracts on homes in May, a 4.5% increase from one year ago, although closed...
The federal government sold has sold the Waldorf Astoria hotel in Washington, DC, which was originally the Post Office Building, for $80 million. The Wall Street Journal, sourcing its’ coverage from unnamed “people familiar with the matter,” report the sale involves...
Alec Baldwin is back in the real estate news headlines, this time with another price cut on his 8.28-acre Hamptons mansion that no one seems interested in buying. The five-bedroom, 5.5-bathroom residence in Amagansett, New York was first listed for $29 million in 2022...
The Office of the US Attorney for the Northern District of Illinois has indicted a former director for the Chicago Housing Authority (CHA) and the owner of a Chicago construction company on charges that they ran a multi-million-dollar kickback scheme. The indictment...
Hits and Misses for the Real Estate Week of June 22-26
