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Hits and Misses for the Real Estate Week of May 22-26

Hits and Misses for the Real Estate Week of May 22-26

by Phil Hall | May 26, 2023 | Hits and Misses, News/Current Events, Real Estate News, WRE News Exclusive

A trade association leader takes aim at Washington, a regulator tries to blame her bad judgment on reporters and an Alabama city with a troubled past displays a glorious present. Looking into the wild and wooly world of real estate, here are our Hits and Misses for...
OUCH! US Homeownership Rate at Lowest Level Since 1970

OUCH! US Homeownership Rate at Lowest Level Since 1970

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

The U.S. homeownership rate has cratered to its lowest depth since 1970, according to the U.S. Census Bureau. The newly published 2020 Census data determined that 63.1% of the nation’s 126.8 million occupied housing units – or 80.1 million – were owner-occupied. This...
Disney Offers Preview of Upcoming Pixar Place Hotel

Disney Offers Preview of Upcoming Pixar Place Hotel

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

As the Walt Disney Co. (NYSE:DIS) prepares to shutter its Star Wars: Galactic Cruiser hotel in Orlando, it is also offering a preview of what to expect from the Pixar Place Hotel at Disneyland Resort in Anaheim, California. The 15-story establishment is a reimagining...
UK Homeowners Facing Mortgage Rates Over 5%

UK Homeowners Facing Mortgage Rates Over 5%

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

While Americans are dealing with mortgage rates in the mid-6% range, their U.K. counterparts are being warned that they will be burdened with 5%-plus fixed-rate deals in the coming weeks. According to a report in The Guardian, the publication on Wednesday that April’s...
Massachusetts Couple Indicted in Commercial Lending Fraud Scheme

Massachusetts Couple Indicted in Commercial Lending Fraud Scheme

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

The U.S. Attorney’s Office for the District of Massachusetts announced the arrest and indictment of a couple in connection with a scheme to defraud commercial lenders by providing fraudulent documents. Louis R. Masaschi, 57, and his wife Jeanette Norman, 56,...
Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing

Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing

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

Colonial Savings F.A. has announced it will be exiting the mortgage origination business as of July 31. The Fort Worth, Texas-based thrift said it would continue to provide mortgage servicing along with the remainder of its full-service banking offerings. Colonial...
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