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Biden-Trump Debate Barely Acknowledges Housing Issues

Biden-Trump Debate Barely Acknowledges Housing Issues

by Phil Hall | Jun 28, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Thursday night’s debate between President Joe Biden and former President Donald Trump made only a fleeting reference to the challenges facing the U.S. housing market. The only question related to housing was part of an inquiry from debate moderator Jake Tapper about...
Ex-New Jersey Official Pleads Guilty to Role in Real Estate Bribery Scheme

Ex-New Jersey Official Pleads Guilty to Role in Real Estate Bribery Scheme

by Phil Hall | Jun 27, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A former government official in Newark, New Jersey, admitted to his role in a bribery conspiracy where he rewarded local business owners with the acquisition and redevelopment of city-owned properties after receiving cash and gifts. Carmelo G. Garcia served as deputy...
A Typical Black Household Can Only Afford Starter Homes in 10 Major Metros

A Typical Black Household Can Only Afford Starter Homes in 10 Major Metros

by Phil Hall | Jun 27, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A typical Black household can only afford a starter home in 10 of the nation’s 50 most populous metros, according to a new report from Redfin (NASDAQ:RDFN). In comparison, the typical White household can afford a starter home in 32 of the 50 metros. For its report,...
The Milestone Group Purchases Florida Multifamily Community

The Milestone Group Purchases Florida Multifamily Community

by Phil Hall | Jun 27, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Milestone Group, a real estate investment management firm focused on multifamily assets, has acquired the Axis Delray Beach Apartments, a 488-unit, garden-style community in Delray Beach, Florida. Axis Delray Beach features one-, two-, and three-bedroom garden and...
Dominion Financial Services Debuts Broker Program for Long-Term Rental Loans

Dominion Financial Services Debuts Broker Program for Long-Term Rental Loans

by Phil Hall | Jun 27, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Dominion Financial Services, a Baltimore-headquartered private lender for real estate investors, has rolled out its Third Party Origination Broker Program. According to the company, the program will enable its broker partners to access long-term DSCR rental loans with...
Pending Home Sales Down in May

Pending Home Sales Down in May

by Phil Hall | Jun 27, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales were down by 2.1% in May from April, according to new data from the National Association of Realtors (NAR). Year-over-year, pending sales were down by 6.6%. Last month, NAR’s Pending Home Sales Index (PHSI) – a forward-looking indicator of home...
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