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Colorado House Flipper Indicted on 11 Counts of Securities Fraud

Colorado House Flipper Indicted on 11 Counts of Securities Fraud

by Phil Hall | Jun 11, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A Colorado house flipper was indicted by a grand jury on 11 counts of securities fraud. According to the charges brought against him, Mack Jamie Sprouse solicited approximately $4.8 million from at least 80 investors in his house-flipping business, Urban Veneer...
North Carolina Foundation for Helping Realtors in Need Removes ‘Realtors’ From Name

North Carolina Foundation for Helping Realtors in Need Removes ‘Realtors’ From Name

by Phil Hall | Jun 11, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

A North Carolina foundation created to assist realtors in need has removed “realtors” from its name. The Wilmington Business Journal reports the Wilmington Realtors Foundation is now called the Housing Foundation of Southeastern North Carolina. 501(c)(3)...
Report: New Wave of Texas Data Centers Could Create Elevated Air Pollution Levels

Report: New Wave of Texas Data Centers Could Create Elevated Air Pollution Levels

by Phil Hall | Jun 11, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The new wave of data centers being proposed for Texas could generate a massive upswing in air pollution, according to a new report from the Environmental Integrity Project (EIP). TheHill.com reports that more than 100 new gas power data center projects are currently...
Canada’s RARE Real Estate Expands Into US Market

Canada’s RARE Real Estate Expands Into US Market

by Phil Hall | Jun 10, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Canadian brokerage RARE Real Estate has expanded into the US with the launch of operations in South Florida. The company has generated over $4.5 billion in sales in just under four years, and it became a household name through the Amazon Prime series “Luxe...
Mortgage Credit Availability at Highest Level in Nearly 3 Years

Mortgage Credit Availability at Highest Level in Nearly 3 Years

by Phil Hall | Jun 10, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability was on the rise during May, according to the Mortgage Credit Availability Index (MCAI) data published by the Mortgage Bankers Association (MBA). The MCAI rose by 2.1% to 105.1 in May; the index was benchmarked to 100 in March 2012. The...
New York Tax Preparer Arrested for Real Estate Investment Fraud Scheme

New York Tax Preparer Arrested for Real Estate Investment Fraud Scheme

by Phil Hall | Jun 10, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

An upstate New York tax preparer and insurance agent was arrested for allegedly operating a massive Ponzi scheme for over three decades that stole more than $50 million from 988 real estate investors. According to the charges brought against him, Miles Burton Marshall...
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