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Hits and Misses for the Real Estate Week of Feb. 24-28

Hits and Misses for the Real Estate Week of Feb. 24-28

by Phil Hall | Feb 28, 2025 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The CFPB changes its mind, two different approaches to EV charger installations and an eggs-cellent home selling approach. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Feb. 24-28. Hit: Reining in the Litigation: This week,...
New Lawsuit Accuses Douglas Elliman and Ex-CEO Howard Lorber of Enabling the Alexander Brothers

New Lawsuit Accuses Douglas Elliman and Ex-CEO Howard Lorber of Enabling the Alexander Brothers

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A new lawsuit brought against the Alexander brothers accuses Douglas Elliman – the former employer of Tal and Oren Alexander – along with the company’s former CEO and chairman Howard Lorber and the brothers’ parents of enabling their alleged sex trafficking scheme....
Toll Brothers Launches New Phase of Atlanta-Area Luxury Community

Toll Brothers Launches New Phase of Atlanta-Area Luxury Community

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Toll Brothers Inc. (NYSE:TOL) has announced a new phase of home sites is available at its luxury home community Sterling Pointe, located in that Atlanta suburb of Cumming, Georgia. Sterling Pointe offers 64 new homes with two-story single-family home designs....
CFPB Employees Claim Trump Wants to Reduce Agency to 5 Employees

CFPB Employees Claim Trump Wants to Reduce Agency to 5 Employees

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Employees of the Consumer Financial Protection Bureau (CFPB) are claiming the Trump administration is planning to fire nearly all of the agency’s 1,700 employees in a three-phased strategy. According to a CNBC report sourced from testimony given by the agency’s...
Ohio Home Sales Inched Up 0.8%

Ohio Home Sales Inched Up 0.8%

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Ohio recorded 7,367 home sales during January, a mild 0.8% increase from one year ago. According to data from Ohio Realtors, the average sales price for January reached $274,522, a 7.6% increase from the $255,052 mark posted one year earlier. Statewide, 13 out of 14...
Report: 1 in 7 Pending Home Sales Were Canceled in January

Report: 1 in 7 Pending Home Sales Were Canceled in January

by Phil Hall | Feb 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 41,000 home purchase agreements were canceled in January, equal to 14.3% or one in seven homes that went under contract. According to a new data report from Redfin (NASDAQ: RDFN), last month’s cancelation rate was up from 13.4% in January 2024 and is the...
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