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New Jersey Real Estate Agent Pleads Guilty for Conduct During Jan. 6 Riot

New Jersey Real Estate Agent Pleads Guilty for Conduct During Jan. 6 Riot

by Phil Hall | Sep 4, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A New Jersey real estate agent pleaded guilty for participating in riot that overtook the U.S. Capitol on Jan. 6, 2021. The Asbury Park Press reported 28-year-old Robert Coppotelli admitted to one count of disorderly and disruptive conduct at the Capitol and one count...
Alabama Mortgage Officer Turned Realtor Killed in Gas Station Shooting

Alabama Mortgage Officer Turned Realtor Killed in Gas Station Shooting

by Phil Hall | Sep 4, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A mortgage officer who just began a new career as a real estate agent was killed on Friday night when a gunman opened fire at a gas station in Bessemer, Alabama. AL.com reported 41-year-old Wesley Fowler Jr. was one of three men fatally shot at a Citgo station near...
Pending Condo Sales Down as Inventory Expands

Pending Condo Sales Down as Inventory Expands

by Phil Hall | Sep 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending sales of condominiums were down by 5.5% year-over-year last month, according to new data from Redfin (NASDAQ: RDFN). This marked the lowest level for pending condo sales in any July on record. At the same time, the number of condos for sale rose 27.1% from one...
Mortgage Application Activity Up 1.6%

Mortgage Application Activity Up 1.6%

by Phil Hall | Sep 4, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity ended August on the rise, according to data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 30. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1.6% on a seasonally...
Global Net Lease Sells Two More Properties in Strategic Disposition Plan

Global Net Lease Sells Two More Properties in Strategic Disposition Plan

by Phil Hall | Sep 4, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

New York City-based Global Net Lease Inc. (NYSE: GNL), a real estate investment trust focused on income producing net lease assets, continued its strategic disposition plan with the sales of The Plant Shopping Center in San Jose, California, for $95 million and the...
Historic Newport Mansion’s $10.8 Million Sale is Rhode Island’s Biggest of 2024

Historic Newport Mansion’s $10.8 Million Sale is Rhode Island’s Biggest of 2024

by Phil Hall | Sep 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A historic Newport mansion built during the Gilded Age has become the most expensive Rhode Island residence to sell this year. The Newport Daily News reported the sale of The Orchard for $10.8 million. Built in 1873 and located on a 4.75-acre property along Newport’s...
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