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Macy’s and Kohl’s Announce Store Closures

Macy’s and Kohl’s Announce Store Closures

by Phil Hall | Jan 10, 2025 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Two nationwide department store retailers, Macy’s (NYSE: M) and Kohl’s (NYSE:KSS) have announced plans to close stores. Macy’s confirmed the closure of 66 of what it defined as “non-go-forward store locations.” The company stated the...
Teresa Carlile Named President at Ridgeland Mortgage

Teresa Carlile Named President at Ridgeland Mortgage

by Phil Hall | Jan 10, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Ridgeland Mortgage, a recently formed joint venture between mortgage lender loanDepot Inc. (NYSE: LDI) and home builder Smith Douglas Homes (NYSE: SDHC), has appointed Teresa Carlile as president. In her new role, Carlile will lead the business’ growth and daily...
FHFA Director Sandra Thompson to Resign Ahead of Trump Inauguration

FHFA Director Sandra Thompson to Resign Ahead of Trump Inauguration

by Phil Hall | Jan 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Federal Housing Finance Agency (FHFA) Director Sandra Thompson will resign on Jan. 19, one day before President-elect Donald Trump will be sworn into office. Bloomberg first reported Thompson’s decision to step down from the FHFA leadership; the agency has not issued...
Update: Death Toll in Los Angeles Wildfires Rises to 10; 9,000 Homes Destroyed

Update: Death Toll in Los Angeles Wildfires Rises to 10; 9,000 Homes Destroyed

by Phil Hall | Jan 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The confirmed death toll from the Los Angeles wildfires to 10 people as the five simultaneous blazes destroyed more than 10,000 structures, including 9,000 homes. According to combined media reports, Los Angeles County Sheriff Robert Luna is expecting more deaths to...
Housing Crisis 2025: John G. Stevens’ Perspective

Housing Crisis 2025: John G. Stevens’ Perspective

by John G. Stevens | Jan 9, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In 2024, I penned an article highlighting the alarming trend of renters outpacing homeowners in the United States. The data was clear: renter households were growing three times faster than homeowner households, driven by government overregulation, restrictive zoning...
New Study Details Artificial Intelligence Practices in the Real Estate Sector

New Study Details Artificial Intelligence Practices in the Real Estate Sector

by Phil Hall | Jan 9, 2025 | Market Snapshot, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Ferguson Partners, the Chicago-based talent management and strategic advisory firm for the real estate sector, announced the results of its first Artificial Intelligence (AI) Pulse Survey, a national study on the adoption, application, and evolution of AI practices...
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