Study: Detroit Property Taxes Could Be Cut if City Enacts Admissions Tax on Events

by Phil Hall | Sep 5, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A new study is suggesting the city of Detroit will be able to partially lower its property taxes if it enacts a new tax on sports and entertainment event tickets. Detroit is one of the few large cities that does not charge admission taxes on events. Bridge Detroit...

Real Estate Investors Bought Fewer Properties During Q2

by Phil Hall | Sep 5, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Real estate investors mostly stayed away from the housing market during the second quarter, according to new data from Redfin. Between April and June, investors only acquired roughly 52,000 homes, a 6% year-over-year decline and the biggest drop since the fourth...

‘Catfish’ Star Nev Schulman Begins New Job as Real Estate Agent

by Phil Hall | Sep 5, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Nev Schulman, the star of the MTV series “Catfish,” has become a licensed real estate agent with the New York City brokerage Coldwell Banker Warburg. Schulman’s new career was first reported by People.com, which noted that the television personality will be working...

Report: 3 Trump Cabinet Members Have 2 Mortgaged Properties with Both Claimed as Primary Residences

by Phil Hall | Sep 5, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

A new report is accusing the Trump administration of not practicing what it preaches regarding political figures with multiple mortgages that each claim to be for a primary residence. An investigative article published by ProPublica has found Labor Secretary Lori...

Report: White House Offers NYC Mayor Adams a HUD Position if He Drops Re-Election Bid

by Phil Hall | Sep 5, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Trump administration is reportedly planning to offer New York City Mayor Eric Adams a position in the Department of Housing and Urban Development if he drops his re-election campaign. A Politico report sourced from an unnamed “person with direct knowledge of the...

Developers of Offshore Wind Project Halted by Trump Sue to Void Stop-Work Order

by Phil Hall | Sep 5, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The developers behind the New England-area offshore wind project that was 80% completely before being abruptly halted by the Trump administration has filed a lawsuit to overturn the stop-work order. The New York Times reports Revolution Wind LLC, a joint venture...