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Toronto Lawyer Charged with Multiple Fraud Counts Involving Real Estate Transactions

Toronto Lawyer Charged with Multiple Fraud Counts Involving Real Estate Transactions

by Phil Hall | Jul 18, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Toronto lawyer is facing multiple fraud charges tied to alleged to multiple real estate transactions. The Toronto Police Service arrested and charged Singa Bui, a partner at the now-defunct Cartel & Bui LLP, 24 counts of fraud over $5,000, 17 counts of criminal...
14-Unit California Property Listed at $12 Million Can Be Purchased with Bitcoin or USDC

14-Unit California Property Listed at $12 Million Can Be Purchased with Bitcoin or USDC

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The overlap between real estate and cryptocurrency continues with the seller of a 14-unit multifamily property in California’s Manhattan Beach accepting payment in either Bitcoin or USDC. The crypto transaction will be facilitated by Guaranty Escrow. Buyers can fund...
California Home Sales Up, Reversing 3-Month Slump

California Home Sales Up, Reversing 3-Month Slump

by Phil Hall | Jul 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California recorded 264,260 single-family home sales in June, up 4% from the 254,190 homes sold in May and down 0.3% from the 264,960 homes sold one year earlier. According to the California Association of Realtors, June’s upswing reversed three consecutive...
Mortgage Rates on the Rise Again

Mortgage Rates on the Rise Again

by Phil Hall | Jul 17, 2025 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were up for the second consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.75% as of July 17, up from last week when it averaged 6.72%. A year ago at this...
Ex-Bishop of AME Zion Church Pleads Guilty to Defrauding California Congregations

Ex-Bishop of AME Zion Church Pleads Guilty to Defrauding California Congregations

by Phil Hall | Jul 17, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A former bishop in the African Methodist Episcopal Zion Church (AME Zion) pleaded guilty to multiple fraud charges in federal court in connection with a scheme to obtain control of church properties in California. According to court documents and the plea agreement,...
White House Demands Access to Fed HQ Renovation Site

White House Demands Access to Fed HQ Renovation Site

by Phil Hall | Jul 17, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Trump administration is demanding access to the ongoing renovation project at the Federal Reserve’s headquarters as part of its ongoing campaign against the central bank’s chairman, Jerome Powell. The New York Times reports Russell T. Vought, the director of the...
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