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Supreme Court Offers Mixed Ruling in Michigan Equity Theft Case

Supreme Court Offers Mixed Ruling in Michigan Equity Theft Case

by Phil Hall | Jun 23, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

The US Supreme Court provided a partial victory to a Michigan family whose home was sold and seized at below market value to pay relatively small tax bill. According to combined media sources, Michael Pung and his family lost their home over a $2,242 tax debt....
Investor Activity in Home Purchasing Holds Steady

Investor Activity in Home Purchasing Holds Steady

by Phil Hall | Jun 23, 2026 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Investors were responsible for 11.3% of all home purchases during 2025, up from 11.0% in 2024, according to new data from Realtor.com. Approximately 534,000 homes were purchased by investors in 2025, a 0.7% year-over-year increase. On the flip side, investors sold...
Ryan Serhant Expands Brokerage to Texas

Ryan Serhant Expands Brokerage to Texas

by Phil Hall | Jun 23, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Celebrity real estate executive Ryan Serhant has announced the expansion of his eponymous brokerage into Texas with simultaneous launches in Austin, Dallas, Houston, and San Antonio. Serhant, the star and executive producer of the Netflix series “Owning Manhattan,”...
Virginia Home Sales and Prices Record Mild Uptick

Virginia Home Sales and Prices Record Mild Uptick

by Phil Hall | Jun 23, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 10,940 closed sales were recorded in Virginia in May, 291 more than one year ago for a 2.7% bump-up. According to data from the Virginia Association of Realtors (VAR), pending sales were up 3.5% from May 2025. At the end of last month, there were 25,871...
Jury Acquits Miami Real Estate Broker in 2022 Boat Crash Death

Jury Acquits Miami Real Estate Broker in 2022 Boat Crash Death

by Phil Hall | Jun 23, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A prominent Miami commercial real estate broker was found not guilty by a jury in connection to a 2022 boat crash that left one teenager dead and another with permanent disabilities. Fox News reports George Pino, president of State Street Realty, was accused of...
Sunstone Hotel Investors Sells the Hyatt Regency San Francisco for $279 Million

Sunstone Hotel Investors Sells the Hyatt Regency San Francisco for $279 Million

by Phil Hall | Jun 23, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Sunstone Hotel Investors Inc. (NYSE: SHO), a lodging real estate investment trust, announced the sale of the 821-room Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate (NYSE: BX), for a gross sale price of $279 million, or approximately...
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