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Former loanDepot CEO Frank Martell Tapped to Run SmartRent

Former loanDepot CEO Frank Martell Tapped to Run SmartRent

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

SmartRent Inc. (NYSE: SMRT), the Scottsdale, Arizona-based provider of smart communities and smart operations solutions for the rental housing industry, has named Frank Martell as president and CEO, effective immediately. Most recently, Martell was president and CEO...
Report: Typical Down Payment Level Down for First Time in Nearly 2 Years

Report: Typical Down Payment Level Down for First Time in Nearly 2 Years

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical homebuyer’s down payment in April was $62,468, according to a new data report from Redfin (NASDAQ: RDFN). This is a roughly 1% year-over-year drop and the first annual decline since the summer of 2023. In percentage terms, the typical homebuyer puts down...
Lizzo Makes Second Price Cut to Listing on Her Beverly Hills Estate

Lizzo Makes Second Price Cut to Listing on Her Beverly Hills Estate

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Music star Lizzo has recently gained attention for her new slimmed down look, but her physique isn’t the only thing she’s been reducing – according to MarketWatch, the “Tempo” singer has made a second price cut on her Beverly Hills estate. Lizzo acquired the 0.32-acre...
Historic San Francisco Theater to be Renovated and Reopened

Historic San Francisco Theater to be Renovated and Reopened

by Phil Hall | Jun 16, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

San Francisco’s 112-year-old Clay Theater, which has been closed since early 2020, is in the process of being restored. The San Francisco Standard reports the movie theater’s owner, venture capitalist Neil Mehta, announced plans to begin extensive renovations on the...
HUD and Ginnie Mae in Housing Finance Deal with South Korea

HUD and Ginnie Mae in Housing Finance Deal with South Korea

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Department of Housing and Urban Development (HUD) and Ginnie Mae signed a memorandum of understanding (MOU) with the Korea Housing Finance Corporation (KHFC) to encourage cross-border investment and collaboration between the US housing finance system and South...
Virginia Homebuilders Partner on New Mortgage Lending Joint Venture

Virginia Homebuilders Partner on New Mortgage Lending Joint Venture

by Phil Hall | Jun 16, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The Virginia-based homebuilders Stateson Homes and Atlantic Builders announced the debut of M2B Mortgage, a new joint venture formed in partnership with OneTrust Home Loans. According to the companies, M2B Mortgage was created to “provide a more personalized,...
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