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66-Unit Connecticut Multifamily Property Sells for $20.7 Million

66-Unit Connecticut Multifamily Property Sells for $20.7 Million

by Phil Hall | Jun 25, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

A 66-unit multifamily apartment community in the affluent New York City suburb of Greenwich, Connecticut, has been sold for $20.7 million. The sale of Putnam Green, which was built in 1976, is the largest multifamily transaction in Greenwich since 2012. The sale...
Vice President Vance Questions Why Powell is Avoiding Rate Cuts

Vice President Vance Questions Why Powell is Avoiding Rate Cuts

by Phil Hall | Jun 25, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Vice President JD Vance is questioning whether Federal Reserve Chairman Jerome Powell stopped lowering interest rates because returned to the presidency. In a posting on X, Vance wrote: “I’d love to hear an argument for why Powell cut rates 50 points right before an...
DC-Area Real Estate Agents Report DOGE Impacts on Home Selling

DC-Area Real Estate Agents Report DOGE Impacts on Home Selling

by Phil Hall | Jun 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Elon Musk is no longer in Washington, DC, but the job-slashing impact of his Department of Government Efficiency (DOGE) has a lingering impact on the local housing market. A new data report from Bright MLS found over half (54%) of DC-area agents reported federal...
The Best- and Worst-Run Cities of 2025 Are…

The Best- and Worst-Run Cities of 2025 Are…

by Phil Hall | Jun 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number crunchers at WalletHub have published their 2025 version of the Best- and Worst-Run Cities in America, focusing on 148 of the nation’s largest municipalities. The rankings for this study were determined with a “Quality of Services” score made up of 36...
Illinois Home Sales Down as Prices Continue to Rise

Illinois Home Sales Down as Prices Continue to Rise

by Phil Hall | Jun 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Illinois recorded 12,674 single-family home and condominium sales during May, a 4.7% decline from the 13,300 residences sold one month earlier. According to data from Illinois Realtors, the decline in sales occurred despite the 6% year-over-year growth in the...
Former NFL Player Sentenced in Real Estate Embezzlement Scheme

Former NFL Player Sentenced in Real Estate Embezzlement Scheme

by Phil Hall | Jun 24, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Real estate developer and former NFL football player Chris Harrison was sentenced to six years in federal prison and three years of supervised for his coordination of a scheme that embezzled funds intended for the development and construction of two real estate...
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