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Publisher’s View: How the NAR Settlement is a Step Towards Ethical Real Estate Practices

Publisher’s View: How the NAR Settlement is a Step Towards Ethical Real Estate Practices

by John G. Stevens | Mar 28, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Publisher’s View: In a recent publication by the National Association of Realtors (NAR) titled “The Truth About the NAR Settlement Agreement,” significant strides toward transparency and ethical conduct within the real estate industry are...
Amazon Seeks $1.3 Billion in Savings by Reducing Office Vacancies

Amazon Seeks $1.3 Billion in Savings by Reducing Office Vacancies

by Phil Hall | Mar 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The e-commerce giant Amazon Inc. (NASDAQ: AMZN) plans to save nearly $1.3 billion over the next few years by reducing the quantity of its office vacancies. According to a Business Insider report sourced from an obtained internal document and input from an unnamed...
Fraudster Sentenced in Brooklyn Real Estate Scam

Fraudster Sentenced in Brooklyn Real Estate Scam

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A Brooklyn woman who ran a real estate Ponzi scheme that stole $959,000 from nine victim received a prison sentence of three-and-a-half to seven years. Regine Norman, also known as Regine Ellis, falsely promoted herself as a member of NY Private Auction Inc., which...
Mortgage Rates Drop Slightly

Mortgage Rates Drop Slightly

by Phil Hall | Mar 28, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC) showed rates in a slight decline from one week earlier. The 30-year fixed-rate mortgage averaged 6.79% as of March 28, down from last week when it averaged 6.87%. A year ago at this time,...
North Las Vegas Repurchases Land from Abandoned Medical Property Development

North Las Vegas Repurchases Land from Abandoned Medical Property Development

by Phil Hall | Mar 28, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The City Council of North Las Vegas, Nevada, has approved plans for a $52.95 million buyback of 135 acres of land that was sold two years ago for a medical property development. According to a report in the Las Vegas Review-Journal, the property was acquired by...
DeSantis Signs Bills Enabling Florida Police Eviction of Squatters

DeSantis Signs Bills Enabling Florida Police Eviction of Squatters

by Phil Hall | Mar 28, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida Gov. Ron DeSantis has signed a bill to enable the immediate eviction of squatters by law enforcement. According to an NBC Miami report, HB 621 creates strict criminal penalties for squatters offering false documents purporting to affirm tenant rights....
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