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SmartStop Self Storage REIT Announces Underwritten Public Offering

SmartStop Self Storage REIT Announces Underwritten Public Offering

by Phil Hall | Mar 27, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

While the US and Canada advance to the start of a new trade war, a real estate investment trust that owns and operates 218 self-storage facilities in the two countries has launched an underwritten public offering. SmartStop Self Storage REIT Inc. has filed a...
CFPB Seeks to Vacate Redlining Settlement with Townstone Financial

CFPB Seeks to Vacate Redlining Settlement with Townstone Financial

by Phil Hall | Mar 27, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) is seeking to vacate its $105,000 settlement of redlining charges against nonbank mortgage lender and broker Townstone Financial Inc. The settlement followed a protracted litigation that began in 2020 under the first...
Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants

Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants

by Phil Hall | Mar 27, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing and Urban Development (HUD) Secretary Scott Turner announced residency requirements for Federal Housing Administration (FHA)-insured mortgages were changed to eliminate the “non-permanent residents” category from the Title I and Title II programs. In a...
Homeownership Expenses Consume One-Third of National Average Wage

Homeownership Expenses Consume One-Third of National Average Wage

by Phil Hall | Mar 27, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Major expenses on median-priced homes currently consume 32% of the average national wage, according to the First Quarter US Home Affordability Report published by ATTOM. That share is nearly unchanged from the fourth quarter of 2024 and up by about one percentage...
Weichert Opens First International Office in Portugal

Weichert Opens First International Office in Portugal

by Phil Hall | Mar 27, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Weichert Real Estate Affiliates Inc. has announced its first international expansion through a licensing agreement with HomeLovers, a real estate firm based in Lisbon, Portugal. The Portuguese brokerage will operate under the new name HomeLovers – Weichert while...
Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law

Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law

by Phil Hall | Mar 27, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Idaho Gov. Brad Little signed House Bill 304 into law a bill that cuts property taxes by $100 billion every year. The new law will shift $50 million to a state fund to reduce property taxes for Idaho homeowners while sending another $50 million to a state fund for...
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