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Sotheby’s International Realty Opens New Office in Hungary

Sotheby’s International Realty Opens New Office in Hungary

by Phil Hall | May 30, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Sotheby’s International Realty announced the opening of Hungary Sotheby’s International Realty, marking the company’s 197th European office. The Budapest-based Hungary Sotheby’s International Realty will service the luxury residential market...
Yes Communities Launches New Manufactured Housing Community in Florida

Yes Communities Launches New Manufactured Housing Community in Florida

by Phil Hall | May 30, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Denver-headquartered Yes Communities announced the grand opening of Savannas Ridge, its new manufactured housing community in Fort Pierce, Florida. According to the company, Savannas Ridge “offers a variety of home styles and open floor plans with modern finishes to...
Mortgage Rates Inches Up, Homebuyer Affordability Inches Down

Mortgage Rates Inches Up, Homebuyer Affordability Inches Down

by Phil Hall | May 29, 2025 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates inched closer to the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.89% as of May 29, up from last week when it averaged 6.86%. A year ago at this time, it averaged...
Trump Meets with Powell at the White House

Trump Meets with Powell at the White House

by Phil Hall | May 29, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Federal Reserve Chairman Jerome Powell met today at the White House with President Trump, marking their first face-to-face encounter since Trump began his second term. “At the President’s invitation, Chair Powell met with the President today at the White House...
Tacoma Attorney Pleads Guilty to Fraud Tied to Client’s Reverse Mortgage

Tacoma Attorney Pleads Guilty to Fraud Tied to Client’s Reverse Mortgage

by Phil Hall | May 29, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A former attorney in Tacoma, Washington, pleaded guilty to wire fraud that included embezzling an elderly client’s reverse mortgage-funded trust account. According to records filed in the case, in 2010 Colby Parks became the trustee for a living trust designed to pay...
New Forecast Warns of Double-Digit Collapse in Dubai’s Real Estate Prices

New Forecast Warns of Double-Digit Collapse in Dubai’s Real Estate Prices

by Phil Hall | May 29, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A new forecast from Fitch Ratings is predicting that Dubai’s red-hot real estate market will experience a double-digit plummet in prices during the second half of this year and into 2026. Reuters reports Dubai is expected to see 210,000 planned units through...
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