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Sen. Fetterman: ‘Squatters Have No Rights’

Sen. Fetterman: ‘Squatters Have No Rights’

by Phil Hall | Apr 8, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pennsylvania Sen. John Fetterman became the most prominent Democratic lawmaker to openly oppose the concept of “squatter’s rights.” In a weekend interview with the New York Post, Fetterman acknowledged dealing with squatters when he served as mayor of Braddock,...
Fannie Mae: Homebuyers Are Adjusting to Higher Mortgage Rates

Fannie Mae: Homebuyers Are Adjusting to Higher Mortgage Rates

by Phil Hall | Apr 8, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest data analysis of the Home Purchase Sentiment Index (HPSI) published by Fannie Mae (OTCMKTS:FNMA) suggests households have become acclimated to higher mortgage rates. The HPSI decreased 0.9 points in March to 71.9, its first decline since November 2023, with...
Trudeau Pushes for Prefabricated and Modular Homes to Address Canada’s Housing Shortage

Trudeau Pushes for Prefabricated and Modular Homes to Address Canada’s Housing Shortage

by Phil Hall | Apr 8, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canadian Prime Minister Justin Trudeau is advocating for modular and prefabricated homes as the solution to meet his country’s housing shortage. According to CTV News, Trudeau’s government is planning to allocate more than $600 million in the upcoming federal budget...
Rupert Murdoch Slashes Price on NYC Triplex Penthouse

Rupert Murdoch Slashes Price on NYC Triplex Penthouse

by Phil Hall | Apr 8, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Media mogul Rupert Murdoch has relisted his Manhattan triplex penthouse at a considerable discount. Mansion Global reported Murdoch’s three-floor, 7,100-square-foot residence at the swank 60-story One Madison tower in the Flatiron District was acquired through a...
Kiavi Debuts Construction Financing Product for Real Estate Investors

Kiavi Debuts Construction Financing Product for Real Estate Investors

by Phil Hall | Apr 8, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Kiavi, a San Francisco-headquartered private lender to residential real estate investors, has introduced a construction financing product. According to a statement from the company, the new product will leverage its technology platform and data advantage “to offer...
Hits and Misses for the Real Estate Week of April 1-5

Hits and Misses for the Real Estate Week of April 1-5

by Phil Hall | Apr 5, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A bizarre attack on a major mortgage company, an about-face by the Federal Reserve and a luxury retailer is coming to San Francisco. From the wild and wooly world of real estate, here are the Hits and Misses for the week of April 1-5. Miss: A Strange Hit-Job Against...
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