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Ex-Baltimore Prosecutor Avoids Prison in Sentencing for Mortgage Fraud

Ex-Baltimore Prosecutor Avoids Prison in Sentencing for Mortgage Fraud

by Phil Hall | May 23, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A former Baltimore city prosecutor who was found guilty of mortgage fraud avoided a prison sentence. The Associated Press reported that former state’s attorney Marilyn Mosby’s was sentenced to 12 months of home confinement, 100 hours of community service and three...
Two Regional Florida Realtor Groups to Merge

Two Regional Florida Realtor Groups to Merge

by Phil Hall | May 23, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Two regional realtor associations in Florida, the Pinellas Realtor Organization and Greater Tampa Realtors, have announced plans to merge and become Tampa Bay Realtors. If the merger is approved by the National Association of Realtors, the combined organization will...
Tech Trends: A Quartet of New Offerings

Tech Trends: A Quartet of New Offerings

by Phil Hall | May 23, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, Tech Trends, WRE News Exclusive

Four new digital offerings designed to help real estate professional improve their operations are in the spotlight in this edition of Tech Trends. Fair Housing Meets AI. Zillow (NASDAQ:Z, ZG) is releasing its open-source Fair Housing Classifier, which the company is...
New Initiative Plans to Revitalize Downtown Ottawa

New Initiative Plans to Revitalize Downtown Ottawa

by Phil Hall | May 23, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Ottawa Board of Trade and the Canadian Urban Institute have unveiled the “Downtown Ottawa Action Agenda” to revitalized Canada’s capital and its surrounding region. Under this initiative, Downtown Ottawa will aim to add 40,000 new residential units and create...
Mortgage Rates Drop Below 7%

Mortgage Rates Drop Below 7%

by Phil Hall | May 23, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage dropped below the 7% mark, averaging 6.94% as of May 23, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.57%. “Spring homebuyers received an unexpected...
Home Sales Tumble While Median Prices Set a New Record

Home Sales Tumble While Median Prices Set a New Record

by Phil Hall | May 23, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales are slipping while median sales prices are still breaking records, according to a pair of data reports published this morning. Sales of new single-family houses during April were at a seasonally adjusted annual rate of 634,000, according to estimates...
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