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Guest Opinion: What’s Next for the Federal Home Loan Banks?

Guest Opinion: What’s Next for the Federal Home Loan Banks?

by Sandra L. Thompson | Apr 30, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sandra L. Thompson is director of the Federal Housing Finance Agency (FHFA). This article is excerpted and edited from written testimony delivered before a recent hearing conducted by the U.S. Senate Committee on Banking, Housing and Urban Affairs.  In August 2022,...
Walmart to Close Health Centers

Walmart to Close Health Centers

by Phil Hall | Apr 30, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Walmart Inc. (NYSE: WMT) has abruptly announced the closure of all 51 of the Walmart Health centers over the next 90 days. The retail giant began its Walmart Health center network in 2019, expanding into five states with in-person and telemedicine services. In an...
Trade Groups Ask Lawmakers for Action on Expanding Housing Supply

Trade Groups Ask Lawmakers for Action on Expanding Housing Supply

by Phil Hall | Apr 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of trade organizations representing housing providers, lenders and residents sent a letter to the Biden administration and members of Congress detailing bipartisan policies that can cost-effectively expand housing supply while improving housing equity and...
Realeflow Debuts AI-based Lead Generation Platform

Realeflow Debuts AI-based Lead Generation Platform

by Phil Hall | Apr 30, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market

Realeflow, a Cleveland-based data and real estate software provider for real estate investors, agents and brokers, introduced Leadflow AI Agent, which is designed to allow agents and brokers to identify and market to homeowners who are considering the sale of their...
Backflip Closes $15 Million Series A Funding Round

Backflip Closes $15 Million Series A Funding Round

by Phil Hall | Apr 30, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Backflip, the Dallas-headquartered real estate fintech, announced its closing of its $15 million Series A funding round. Backflip is designed to enable real estate investors to acquire and renovate single-family homes, with the goal of reselling the properties at a...
Florida Real Estate Broker Pleads Guilty for Disability Payment Fraud

Florida Real Estate Broker Pleads Guilty for Disability Payment Fraud

by Phil Hall | Apr 30, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A real estate broker in Sarasota, Florida, pleaded guilty to federal charges that he collected nearly $300,000 in disability payments without reporting he was still actively employed. Allen R. Jenkins, 68, received United States Railroad Retirement disability payments...
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