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Renter Population Is Growing 3X Faster Than Homeowner Population

Renter Population Is Growing 3X Faster Than Homeowner Population

by Phil Hall | Aug 2, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of US renter households in the second quarter grew 1.9% year-over-year, according to a new data report from Redfin (NASDAQ:RDFN). The renter growth is more than three times faster than the number of homeowner households, which grew 0.6% in the second...
Minnesota Foreclosure Rescue Service in $240K Settlement Over Compliance Errors

Minnesota Foreclosure Rescue Service in $240K Settlement Over Compliance Errors

by Phil Hall | Aug 2, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Minnesota Attorney General Keith Ellison announced a $240,000 settlement with Dwell Equities LLC related to compliance errors in the company’s foreclosure rescue services. According to a statement from Ellison’s office, the Rochester, Minnesota-based Dwell approached...
West Virginia Governor Blames James Dimon for Foreclosure Auction of Historic Hotel

West Virginia Governor Blames James Dimon for Foreclosure Auction of Historic Hotel

by Phil Hall | Aug 2, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Greenbrier Hotel, the historic West Virginia lodging establishment, is at the center of a controversy that encompasses the upcoming election and JPMorgan (NYSE:JPM) chief Jamie Dimon. WCHS-TV reports the Greenbrier is owned by West Virginia Gov. Jim Justice and...
Connecticut Supreme Court Rules in Favor of Homeowners Making Short-Term Rentals

Connecticut Supreme Court Rules in Favor of Homeowners Making Short-Term Rentals

by Phil Hall | Aug 2, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Connecticut Supreme Court issued a ruling that it makes it easier for the state’s property owners to offer their homes on short-term rental platforms including AirBnb and VRBO. According to a CT Mirror report, the court’s 5-2 ruling determined that a “residence”...
Louis CK Lists Shelter Island Estate for $9.25 Million

Louis CK Lists Shelter Island Estate for $9.25 Million

by Phil Hall | Aug 2, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Comedian Louis CK is listing his estate in Shelter Island, New York, for $9.25 million – 10 years after he acquired the property for $2.44 million. According to a Curbed report, the Tudor-style 5,300-square-foot residence on a 2.02-acre property was built in 1901 and...
CMBS Delinquency Rate Rises, Fueled by Office Sector

CMBS Delinquency Rate Rises, Fueled by Office Sector

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

The delinquency rate for commercial mortgage-backed securities (CMBS) rose by 8 basis points to 5.43% in July, with the office sector accounting for almost two-thirds of the newly delinquent loans in July. According to new data from Trepp Inc., the office delinquency...
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