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FTC to Refund $12 Million to Consumers in House Flipping Scheme

FTC to Refund $12 Million to Consumers in House Flipping Scheme

by Phil Hall | Aug 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Trade Commission (FTC) announced it will distribute over $12 million in refunds to more than 25,000 consumers who paid Zurixx LLC for a dubious house flipping investment training program. The FTC and the Utah Department of Commerce Division of Consumer...
Bank of England Cuts Rates for First Time in Over 4 Years

Bank of England Cuts Rates for First Time in Over 4 Years

by Phil Hall | Aug 1, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of England trimmed the base rate by a quarter-point to 5%. This marked the first rate cut by the UK’s central bank since March 2020. Within the Bank of England, the rate cut decision was somewhat contentious, with the Monetary Policy Committee voting...
Guest Opinion: How to Improve Housing Affordability and Drive New Supply

Guest Opinion: How to Improve Housing Affordability and Drive New Supply

by James H. Schloemer | Jul 31, 2024 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

James H. Schloemer is chairman of the National Multifamily Housing Council. This article is edited and adapted from prepared remarks made on behalf of the National Multifamily Housing Council and the National Apartment Association during a July 24 hearing held by the...
Feds Delayed Informing Tenants About Contaminated Water in Detroit Office Building

Feds Delayed Informing Tenants About Contaminated Water in Detroit Office Building

by Phil Hall | Jul 31, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The federal government knowingly withheld informing the tenants in one of its Detroit office buildings contained contaminated water that put their health at risk. The Washington Times reported the General Services Administration (GSA) first tested and confirmed the...
Federal Reserve Holds Rates Again

Federal Reserve Holds Rates Again

by Phil Hall | Jul 31, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Reserve opted to keep the federal funds rate at the 5.25% to 5.5% level. In a unanimous vote, the central bank’s policy making Federal Open Market Committee declared the “economic outlook is uncertain,” adding that it remained “attentive to the risks to...
Apollo Insurance in New Partnership with Century Group

Apollo Insurance in New Partnership with Century Group

by Phil Hall | Jul 31, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Apollo Insurance, a Canadian digital insurance provider, has partnered with Century Group to provide instant digital insurance solutions specifically designed for tenants across Canada. Century Group provides design and construction for mixed-use communities across...
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