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California County Beset by Fraudulent Real Estate Sales

California County Beset by Fraudulent Real Estate Sales

by Phil Hall | May 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A California county is under siege by fraudsters pretending to be property owners and tricking real estate agents into selling properties they do not own. According to a press statement from the Office of the District Attorney for San Luis Obispo County, the...
Report: Ultra-Rich Buyers Purchasing Manhattan Office Buildings

Report: Ultra-Rich Buyers Purchasing Manhattan Office Buildings

by Phil Hall | May 10, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

When it comes to luxury shopping in Manhattan, the ultra-rich are bypassing Tiffany’s and Bloomingdale’s and buying up office properties. According to a Bloomberg report analyzing data from Savills, seven of the 11 New York office property acquisitions completed in...
Person of the Week: Kelly Mangold, Principal at RCLCO Real Estate Consulting

Person of the Week: Kelly Mangold, Principal at RCLCO Real Estate Consulting

by Phil Hall | May 9, 2023 | News/Current Events, Person of the Week, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Person of the Week spotlight is shining on Kelly Mangold, principal at RCLCO Real Estate Consulting in Bethesda, Maryland, and the subject is today’s housing scene. The first question is a broad question: What is the state of the U.S. housing market today?...
Mortgage Credit Availability at 10-Year Low

Mortgage Credit Availability at 10-Year Low

by Phil Hall | May 9, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability dropped in April to a level not seen since January 2013, according to the latest Mortgage Credit Availability Index (MCAI) report from the Mortgage Bankers Association (MBA). The MCAI dipped by 0.9% to 99.6 in April – the index was...
Q1 Existing Single-Family Home Sales Prices Up in 7 Out of 10 Metro Markets

Q1 Existing Single-Family Home Sales Prices Up in 7 Out of 10 Metro Markets

by Phil Hall | May 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales prices on existing single-family homes during the first quarter were up in approximately 70% of major metro areas – 152 out of 221 markets – according to new data from the National Association of Realtors (NAR). However, the $371,200 national median...
Hackathon Aims to Remove Algorithmic Bias from Housing and Lending

Hackathon Aims to Remove Algorithmic Bias from Housing and Lending

by Phil Hall | May 9, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Fair Housing Alliance (NFHA) is teaming with the digital media platform UrbanGeekz on a special event designed to remove algorithmic bias from the housing and lending sectors. The inaugural Tech Equity Hackathon will be held June 16–18 at American...
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