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Bessent: Trump Fed Chairman Choice Could Be Unveiled ‘As Soon as Next Week’

Bessent: Trump Fed Chairman Choice Could Be Unveiled ‘As Soon as Next Week’

by Phil Hall | Jan 20, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

Treasury Secretary Scott Bessent announced that President Trump is very close to making his selection for the next Federal Reserve chairman. “My guess is the president will reach a decision maybe as soon as next week,” said Bessent during a CNBC interview at the World...
Connecticut Freezes Property Tax Assessments on Farmland

Connecticut Freezes Property Tax Assessments on Farmland

by Phil Hall | Jan 20, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Connecticut Gov. Lamont announced a freeze on property tax assessments for the state’s farms amid warnings that farmers would face severe tax hikes that would imperil their operations. In a letter to the state’s Office of Policy and Management, Lamont ordered the...
Federal Home Loan Bank of Chicago Allocates $28 Million for Down Payment Assistance Programs

Federal Home Loan Bank of Chicago Allocates $28 Million for Down Payment Assistance Programs

by Phil Hall | Jan 20, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Home Loan Bank of Chicago (FHLBank Chicago) has launched the 2026 iteration of its Downpayment Plus and Downpayment Plus Advantage grant programs with a $28 million allocation to help income-eligible homebuyers across Illinois and Wisconsin. Working in...
Powell to Attend Supreme Court’s Oral Arguments for Lisa Cook Mortgage Fraud Case

Powell to Attend Supreme Court’s Oral Arguments for Lisa Cook Mortgage Fraud Case

by Phil Hall | Jan 19, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

Federal Reserve Chairman Jerome Powell is planning to attend Wednesday’s oral arguments before the US Supreme Court in the case of President Trump’s attempt to fire Fed Gov. Lisa Cook over allegations that she committed mortgage fraud. The Associated Press, sourcing...
Judge Approves Sale of 93-Building NYC Portfolio Over Mamdani’s Objections

Judge Approves Sale of 93-Building NYC Portfolio Over Mamdani’s Objections

by Phil Hall | Jan 19, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A federal bankruptcy judge approved the $451 million sale of a 93-building portfolio encompassing more than 5,100 rent-stabilized apartments in New York City, ignoring efforts by Mayor Zohran Mamdani to block the transaction. The Gothamist reports the real estate firm...
New York Stock Exchange Develops Tokenized Securities Platform

New York Stock Exchange Develops Tokenized Securities Platform

by Phil Hall | Jan 19, 2026 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The New York Stock Exchange (NYSE) has developed a platform that would enable the trading and on-chain settlement of tokenized securities. Subject to regulatory approvals, the new platform will accommodate 24/7 operations, instant settlement, orders sized in dollar...
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