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RE/MAX Reports ‘Sizeable Jump in May Home Sales’

RE/MAX Reports ‘Sizeable Jump in May Home Sales’

by Phil Hall | Jun 16, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest national housing report from RE/MAX (NYSE:RMAX) found a 20% increase in home sales from April to May, although May’s sales were also down 18.7% from one year ago. “The sizeable jump in May homes sales signals the start of the peak selling season, but...
Fox News’ Bret Baier Seeks to Flip Palm Beach Estate

Fox News’ Bret Baier Seeks to Flip Palm Beach Estate

by Phil Hall | Jun 16, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fox News anchor Bret Baier is seeking to flip a luxury property in swanky Palm Beach, Florida, that he purchased 15 months ago. Baier acquired the 0.26-acre property featuring a 4,162-square-foot residence with three bedrooms and four-and-a-half bathrooms in March...
California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget

California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget

by Phil Hall | Jun 16, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The California Association of Realtors (CAR) has criticized the state legislature for omitting a homeownership assistance program in its 2023-24 state budget. The trade group issued a statement that declared it was “disappointed that the legislature failed to...
FICO Hosting ‘Score A Better Future’ Homeownership Webinar

FICO Hosting ‘Score A Better Future’ Homeownership Webinar

by Phil Hall | Jun 16, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

FICO (NYSE:FICO) is hosting a free webinar on June 20 designed to explore financial well-being and the elements of homeownership. “Score A Better Future” is being presented in partnership with the nonprofit Operation HOPE, and all registrants will receive a free copy...
Multifamily Property Management Firm in $75K Settlement Over Violating Servicemembers’ Rights

Multifamily Property Management Firm in $75K Settlement Over Violating Servicemembers’ Rights

by Phil Hall | Jun 16, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Justice (DOJ) has reached a settlement with Folsom, California-based FPI Management Inc., a multifamily property management firm, in which the company will pay $74,087 to resolve allegations that it violated the Servicemembers Civil Relief Act...
Historic San Francisco Office Property in Mortgage Default

Historic San Francisco Office Property in Mortgage Default

by Phil Hall | Jun 16, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Another prominent San Francisco property has become the subject of property owner defaulting on its mortgage. The San Francisco Business Times reported Swift Real Estate Partners defaulted on a $62.3 million loan for 55 New Montgomery St., a 111-year-old office...
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