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Rentec Direct Offers App for Rental Property Management

Rentec Direct Offers App for Rental Property Management

by Phil Hall | Apr 26, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Rentec Direct has released a new mobile app designed for use with its rental property management software platform. According to the company, the new app provides landlords, investors, and property managers the flexibility to access their Rentec Direct accounts...
Yukon Real Estate Association in Consent Agreement with the Competition Bureau

Yukon Real Estate Association in Consent Agreement with the Competition Bureau

by Phil Hall | Apr 26, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Competition Bureau, an independent law enforcement agency focused on protecting and promoting business competition in Canada, has announced a consent agreement with the Yukon Real Estate Association (YREA) to address concerns with its membership practices. The...
California Real Estate Broker Sentenced for Embezzlement Scheme

California Real Estate Broker Sentenced for Embezzlement Scheme

by Phil Hall | Apr 26, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A California real estate broker was sentenced to 30 days in jail and five years of probation and was ordered to pay more than $2 million in fines and restitution after he pleaded no contest to two counts of embezzlement. Adam Michael Pirozzi owned Santa Barbara...
Mortgage Rates Continue to Rise

Mortgage Rates Continue to Rise

by Phil Hall | Apr 25, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to soar deeper into the 7% range in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.17% as of April 25, up from last week when it averaged 7.10%. A year ago at this...
Alabama Home Sales Up for Second Consecutive Month

Alabama Home Sales Up for Second Consecutive Month

by Phil Hall | Apr 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alabama’s housing market enjoyed a vibrant March with 4,976 sales, up 5.6% from February, according to the Alabama Association of Realtors. This marked the second consecutive month of growth in home sales. However, March’s sales were nearly 30% below the 7,098...
New $500 Million Fund Focuses on Sun Belt Rental Housing

New $500 Million Fund Focuses on Sun Belt Rental Housing

by Phil Hall | Apr 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The property developer RXR is partnering with One Investment Management to create a $500 million fund focused on rental housing in the Sun Belt cities. According to a Bloomberg News report, the fund was built with traditional credit and structured equity. Its first...
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