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Hello, Comrade! Russian Investors Take Greater Interest in US Real Estate

Hello, Comrade! Russian Investors Take Greater Interest in US Real Estate

by Phil Hall | Jul 9, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Russian nationals are taking a new shine to US real estate, generating a 78.5% year-over-year activity spike in this market. According to The Moscow Times’ analysis of Tranio data, the US ranks ninth among Russian real estate investors seeking global properties,...
Ohio Lawmakers to Consider Overriding Gov. DeWine’s Vetoes on 3 Property Tax Reforms

Ohio Lawmakers to Consider Overriding Gov. DeWine’s Vetoes on 3 Property Tax Reforms

by Phil Hall | Jul 9, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Ohio legislators are returning to the State House on July 21 to vote on overriding some Gov. Mike DeWine’s vetoes on property tax reforms. WSYX reports that DeWine issued 67 line-item vetoes in the state’s $60 billion budget bill. The special session will...
Asking Rents Down for Fourth Straight Month

Asking Rents Down for Fourth Straight Month

by Phil Hall | Jul 9, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent in June dropped by 0.5% year-over-year to $1,642, according to data from Redfin. This marked the fourth straight month of annual declines. On a month-over-month basis, asking rents rose 0.6%. June’s median asking rent is $63 below the $1,705...
Mortgage Application Activity Up 9.4%

Mortgage Application Activity Up 9.4%

by Phil Hall | Jul 9, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity shot up like a firework during the week ending July 4, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 9.4% on a seasonally...
FTC to Reimburse Consumers Impacted by Home Improvement Finance Firm

FTC to Reimburse Consumers Impacted by Home Improvement Finance Firm

by Phil Hall | Jul 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Trade Commission (FTC) announced it will send $3 million in payments to consumers impacted by Ygrene Energy Fund, a home improvement financing company. According to the FTC’s October 2022 complaint, Ygrene and its network of door-to-door contractors...
Residential Transition Lender Dunmor Opens Wholesale Broker Division

Residential Transition Lender Dunmor Opens Wholesale Broker Division

by Phil Hall | Jul 8, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Dunmor, a Los Angeles-based nationwide direct lender in residential transition loans, has launched a wholesale broker division. According to the company, the new division will enable wholesale mortgage brokers to offer residential transition loans to their clients....
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