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Study: 28% of Title Insurance Companies Report Seller Impersonation Fraud

Study: 28% of Title Insurance Companies Report Seller Impersonation Fraud

by Phil Hall | Aug 5, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Seller impersonation fraud is growing across the US real estate industry, according to new data from the American Land Title Association (ALTA) that found 28% of title insurance companies experiencing at least one seller impersonation fraud attempt last year while two...
Exuma Capital Partners Launches AI-Powered Platform Property.com

Exuma Capital Partners Launches AI-Powered Platform Property.com

by Phil Hall | Aug 5, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

The private equity firm Exuma Capital Partners announced the launch of Property.com, which is promoted as an artificial intelligence (AI)-fueled platform designed to connect contractors, real estate agents, home service providers, and homeowners. According to a...
Hits and Misses for the Real Estate Week of July 29-Aug. 2

Hits and Misses for the Real Estate Week of July 29-Aug. 2

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

Politicians offering bizarre comments about housing, a major company shifting its headquarters out of California and a radioactive contaminated school for sale. From the wild and wooly world of real estate, here are our Hits and Misses for the week of July 29-Aug. 2....
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...
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...
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