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Father-Son Duo Plead Guilty to Fraud in Bond Offerings Tied to Sports Complex

Father-Son Duo Plead Guilty to Fraud in Bond Offerings Tied to Sports Complex

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

A father and son team pleaded guilty to securities fraud and aggravated identity theft in connection with their scheme to defraud investors of more than $280 million in two municipal bond offerings tied to the construction of the 320-acre Legacy Park sports complex in...
Home Vacancy Rate Holds Steady for 13th Straight Quarter

Home Vacancy Rate Holds Steady for 13th Straight Quarter

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

Roughly 1.4 million residential properties, or about 1.3% of all US homes, were vacant in the second quarter, according to new data from ATTOM. This marks the 13th consecutive quarter that the vacancy rate has hovered around 1.3%. ATTOM’s analysis found 222,358...
Cyberattack Shuts Down Real Estate Transactions in Wisconsin County

Cyberattack Shuts Down Real Estate Transactions in Wisconsin County

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

Real estate transactions in a Wisconsin’s county came to a halt following an April ransomware cyberattack that deleted the county’s network, erasing the titles needed to close on properties. WMTV reports the attack occurred last month in the state’s Iowa County,...
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...
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