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SEC Charges Podcaster in Real Estate Ponzi Scheme

SEC Charges Podcaster in Real Estate Ponzi Scheme

by Phil Hall | Sep 26, 2023 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The U.S. Securities and Exchange Commission (SEC) charged Matthew Motil, host of the podcast “The Cash Flow King,” with fraudulently raising approximately $11 million from more than 50 investors in a Ponzi scheme involving notes purportedly backed by residential...
15 Years Later: How the Subprime Mortgage Fiasco Gave Rise to the CFPB

15 Years Later: How the Subprime Mortgage Fiasco Gave Rise to the CFPB

by Rohit Chopra | Sep 26, 2023 | Guest Opinion, News/Current Events, Real Estate News, WRE News Exclusive

Fifteen years ago, in mid-September, Lehman Brothers collapsed and the financial system crashed. Troubles in the U.S. mortgage market infected the entire globe, and American families and businesses lost trillions of dollars and experienced an incalculable level of...
Survey: Most Canadians Buyers Willing to Shoulder Financial Strain for Homeownership

Survey: Most Canadians Buyers Willing to Shoulder Financial Strain for Homeownership

by Phil Hall | Sep 26, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The majority of Canadian homebuyers are still happy to have a residence to call their own, despite the financial pressures they are shouldering. According to the 2023 Homebuyer Sentiment Survey published by the real estate marketplace Zolo, 93% of homebuyer...
26% of US Homebuyers Seeking to Relocate Elsewhere in the Nation

26% of US Homebuyers Seeking to Relocate Elsewhere in the Nation

by Phil Hall | Sep 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Slightly more than one-quarter of homebuyers (26%) are looking to move to a different part of the country, according to new data from Redfin (NASDAQ:RDFN). This share is up from 24% one year ago and roughly 19% from the pre-pandemic era, and it also represents a...
US Housing Market Value Up 49% from the Start of the Pandemic

US Housing Market Value Up 49% from the Start of the Pandemic

by Phil Hall | Sep 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total value of the U.S. housing market is now 49% higher than the level at February 2020, the period before the start of the Covid-19 pandemic. According to data from Zillow Group (NASDAQ:Z, ZG), the housing market’s total value is slightly less than $52 trillion,...
Fewer Homes Being Sold, Albeit with Higher Prices

Fewer Homes Being Sold, Albeit with Higher Prices

by Phil Hall | Sep 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new housing data reports issued this morning determined there were fewer new single-family homes being sold while the residential properties being purchased were priced higher. Sales of new single‐family houses during August were at a seasonally adjusted annual...
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