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$3.48 Million LA Home Now Available for Cryptocurrency Purchase

$3.48 Million LA Home Now Available for Cryptocurrency Purchase

by Phil Hall | Jul 3, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Prospective buyers for a luxury home in the Woodland Hills section of Los Angeles will be able to purchase the $3.48 million property with cryptocurrency. The 4,545-square foot residence within the 0.44-acre property is within a 24/7 guard-gated and patrolled...
Charles Jones to Lead Multifamily Housing Finance at Western Alliance Bank

Charles Jones to Lead Multifamily Housing Finance at Western Alliance Bank

by Phil Hall | Jul 3, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Los Angeles-based Western Alliance Bank has named Charles Jones as senior director of multifamily housing finance. In his new role, Jones will lead a team that creates sector-specific financing solutions for multifamily developers nationwide, including workforce...
Mortgage Rates Decline for Fifth Straight Week

Mortgage Rates Decline for Fifth Straight Week

by Phil Hall | Jul 3, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While fireworks will be soaring over the Fourth of July, mortgage rates are going into the holiday weekend in a continued decline. According to the Primary Mortgage Market survey published by Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage averaged 6.67% as...
Chicago Suburb to Purchase Childhood Home of Pope Leo XIV

Chicago Suburb to Purchase Childhood Home of Pope Leo XIV

by Phil Hall | Jul 3, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The village council of Dolton, Illinois, has voted unanimously to purchase the childhood home of Pope Leo XIV. Catholic News Agency reports the vote came after public hearings where some residents complained the village is carrying a high debt and has yet to finance...
Detroit Sues Blockchain Real Estate Firm for Widespread Property Violations

Detroit Sues Blockchain Real Estate Firm for Widespread Property Violations

by Phil Hall | Jul 3, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The City of Detroit has filed a lawsuit against a Florida-based blockchain property investment platform that owns more than 400 blighted properties that have become unlivable. The lawsuit cites Real Token LLC, company owners Remy and Jean-Marc Jacobson, and their 165...
Nigerian National Convicted for Organizing HELOC Fraud Network

Nigerian National Convicted for Organizing HELOC Fraud Network

by Phil Hall | Jul 3, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Oluwaseun Adekoya, a Nigerian national, was convicted by a jury for leading a nationwide bank fraud scheme involving the theft of home equity lines of credit (HELOCs). According to the charges brought against him, Adekoya – who operated under multiple pseudonyms –...
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