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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...
New Jersey’s Bergen County to Put Property Deeds on Blockchain Network

New Jersey’s Bergen County to Put Property Deeds on Blockchain Network

by Phil Hall | May 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New Jersey’s Bergen County, an upscale suburb of New York City, has announced a five-year agreement with blockchain software firm Balcony that will digitize all its property deeds on the Avalanche network. CoinDesk reports this endeavor will impact the property record...
Ethan Penner, Father of the CMBS, Weighs Bid for California Governor

Ethan Penner, Father of the CMBS, Weighs Bid for California Governor

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

Ethan Penner, who is credited as being the father of the commercial mortgage-backed securities (CMBS) sector, is setting his sights on the 2026 race for California governor. The Real Deal reports that Penner, the CEO of Calabasas-based Mosaic Real Estate Investments,...
Pending Home Sales Down 6.3% in April

Pending Home Sales Down 6.3% in April

by Phil Hall | May 29, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales sank during April, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index, NAR’s forward-looking indicator of home sales based on contract signings – tumbled by 6.3% to 71.3 in April from March....
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