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Campus of Closed College to Have New Life as Police Training Center

Campus of Closed College to Have New Life as Police Training Center

by Phil Hall | Jul 26, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The campus of a defunct college in upstate New York is being repositioned as a law enforcement training center. The former property of Cazenovia College is being leased for the next two years as the home of the New York State Police Auxiliary Academy. The lease...
Guest Opinion: The Toxic Nature of Contracts for Deed

Guest Opinion: The Toxic Nature of Contracts for Deed

by Elizabeth Goodell | Jul 26, 2023 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

This article is adapted from written testimony presented before a recent hearing of the U.S. Senate Subcommittee on Housing, Transportation, and Community Development. I am a lawyer who supervises a practice group at Mid-Minnesota Legal Aid in Minneapolis. My practice...
Federal Reserve Hikes Rates to 22-Year High

Federal Reserve Hikes Rates to 22-Year High

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

The Federal Reserve announced another hike in the federal funds rate that brings it to a 22-year high. The central bank’s policymaking Federal Open Market Committee (FOMC) voted unanimously on a quarter-percent increase that brings the rate range to 5.25% to 5.5%. In...
Beverly Hills Realtor Pleads No Contest to Burglarizing Celebrity Homes

Beverly Hills Realtor Pleads No Contest to Burglarizing Celebrity Homes

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

A realtor in Beverly Hills accused of burglarizing the homes of the rich and famous has pleaded no contest to the charges brought against him. According to a Beverly Hills Patch report, Benjamin Eitan Ackerman is accused on break-ins that occurred in 2017 and 2018 at...
Indiana Metros Reign in the Latest Emerging Housing Markets Index

Indiana Metros Reign in the Latest Emerging Housing Markets Index

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

Lafayette, Indiana, held the top spot in the latest Wall Street Journal/Realtor.com Emerging Housing Markets Index. The newly-released second quarter results were a triumph for Midwest markets that occupied the top 10 rankings, with Indiana occupying the top three...
Declines Reported in New Home Sales, Mortgage Application Activity

Declines Reported in New Home Sales, Mortgage Application Activity

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

The latest housing market statistics showed a drop in home sales last month and a lower level of mortgage application activity last week. Sales of new single‐family houses in June were at a seasonally adjusted annual rate of 697,000, according to estimates published...
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