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Connecticut Office Property Sells at Significant Loss

Connecticut Office Property Sells at Significant Loss

by Phil Hall | Dec 24, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A 191,128-square-foot office building in Norwalk, Connecticut, that last sold in September 2018 for $16.5 million has changed hands for $5.9 million. The Hartford Business Journal reported the six-story building, which was built in 1988, was sold by Hanover Real...
La Rosa Holdings to Offer Cryptocurrency Payment Option to Agents

La Rosa Holdings to Offer Cryptocurrency Payment Option to Agents

by Phil Hall | Dec 24, 2024 | Market Snapshot, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

La Rosa Holdings Corp. (NASDAQ: LRHC) announced it will offer Bitcoin and other cryptocurrencies as a payment option for its network of agents. According to the Celebration, Florida-based company, this initiative is part of its efforts to integrate blockchain...
Mortgage Forbearance Level Inches Up

Mortgage Forbearance Level Inches Up

by Phil Hall | Dec 24, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total share of mortgages in forbearance increased to 0.50% in November, up from 0.47% in October. According to data from the Mortgage Bankers Association, an estimated 250,000 homeowners are in forbearance plans. The share of Fannie Mae and Freddie Mac loans in...
KBS Builders Inks $2.1 Million Contract to Build Modules for Vermont Multifamily Apartments

KBS Builders Inks $2.1 Million Contract to Build Modules for Vermont Multifamily Apartments

by Phil Hall | Dec 24, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

KBS Builders Inc., a South Paris, Maine-based modular manufacturer focused on the New England market, has signed a $2.1 million contract for multifamily apartments in Randolph, Vermont. According to the company, KBS will manufacture 16 modules for the construction of...
Virginia Realtor Faces License Loss Over 9-Year-Old Social Media Posting of Bible Verse

Virginia Realtor Faces License Loss Over 9-Year-Old Social Media Posting of Bible Verse

by Phil Hall | Dec 24, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A Virginia realtor faces the loss of his license after his state association ruled that a nine-year-old posting of a Biblical verse on his personal social media account was an act of hate speech. According to combined media reports, the Hearing Committee of the...
CFPB Sues Rocket Homes and Jason Mitchell Group Over Alleged Steering and Illegal Kickbacks

CFPB Sues Rocket Homes and Jason Mitchell Group Over Alleged Steering and Illegal Kickbacks

by Phil Hall | Dec 24, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Rocket Homes, an affiliate of Rocket Companies Inc. (NYSE: RKT), that accuses the company of providing incentives to real estate brokers and agents in exchange for steering homebuyers to...
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