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NAR Overturns No-Commingling Policy, Receives Thumbs-Up from Trump

NAR Overturns No-Commingling Policy, Receives Thumbs-Up from Trump

by Phil Hall | Jun 6, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Realtors’ (NAR) Legislative Meetings wrapped up yesterday with the overturn of the organization’s no-commingling policy and a videotape message of support from President Donald Trump. The rescinded policy enabled multiple listing services...
Hooters to Close 30 Restaurants

Hooters to Close 30 Restaurants

by Phil Hall | Jun 6, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Two months after filing for bankruptcy, Hooters of America is closing more than 30 of its company-owned restaurants across a dozen states. Verdict Food Service reports the company is seeking to address its $376 million with the sale of its corporate-owned restaurants...
Ohio Lawmakers Propose $600 Million for Cleveland Browns’ New Stadium

Ohio Lawmakers Propose $600 Million for Cleveland Browns’ New Stadium

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

Ohio legislators are considering a proposal to allocate $600 million to the construction of a new $3.4 billion stadium for the NFL’s Cleveland Browns. WKYC.com reports State Sen. Jerry Cirino, a Republican, is advocating for the money to come from the state’s $3.7...
NAR Updates Hate Speech Policy Within Code of Ethics

NAR Updates Hate Speech Policy Within Code of Ethics

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

The board of directors of the National Association of Realtors (NAR) has ratified changes to Standard of Practice 10-5 (SOP 10-5) and Professional Standards Policy Statement 29, which are part of Article 10 of the Code of Ethics. According to NAR, the updated language...
Joseph Yi Named Chief Investment Officer at Palette Hotels

Joseph Yi Named Chief Investment Officer at Palette Hotels

by Phil Hall | Jun 5, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Palette Hotels, a New York City-based hotel management company, has hired Joseph Yi as its chief investment officer. In his new role, Yi will oversee the firm’s investment platform, grow the company’s corporate-owned and third-party asset management portfolio and lead...
Mortgage Rates in Mild Decline

Mortgage Rates in Mild Decline

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

Mortgage rates dropped in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.85% as of June 5, down from last week when it averaged 6.89%. A year ago at this time, it averaged 6.99%. The 15-year...
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