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CFPB Seeks New Protections for PACE Loan Borrowers

CFPB Seeks New Protections for PACE Loan Borrowers

by Phil Hall | May 1, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has proposed a rule to implement a Congressional mandate to establish consumer protections for residential Property Assessed Clean Energy (PACE) loans. According to the CFPB, the proposed rule would require lenders to...
$15 Million Allocated for 3,000 All-Electric NYC Homes

$15 Million Allocated for 3,000 All-Electric NYC Homes

by Phil Hall | May 1, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York Gov. Kathy Hochul and New York City Mayor Eric Adams announced the launch of Future Housing Initiative, a partnership investing $15 million for creating 3,000 energy-efficient and all-electric affordable homes in New York City. Formally titled the New...
Brady Yeager Named National Sales Director at Movement Mortgage

Brady Yeager Named National Sales Director at Movement Mortgage

by Phil Hall | May 1, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Inland, South Carolina-based Movement Mortgage has recruited Brady as national sales director. According to a statement from the company, Yeager “will lead the expansion for Movement across the country” by growing the company’s sales team. Yeager was previously...
A Phil Hall Op-Ed: Stop Trying to Pump Up the Homeownership Rate

A Phil Hall Op-Ed: Stop Trying to Pump Up the Homeownership Rate

by Phil Hall | May 1, 2023 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Every now and then, some well-intentioned politician, bureaucrat or housing industry leader looks at the U.S. homeownership rate and declares that something must be done to increase the number of people who own their residence – particularly those within historically...
Study: One-Third of Office Space in 14 North American Cities Could Be Made Into Housing

Study: One-Third of Office Space in 14 North American Cities Could Be Made Into Housing

by Phil Hall | May 1, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A surplus of empty office space could be transitioned to help address a deficit of available housing in 14 major North American markets, according to a new data report from Avison Young. Looking at more than 26,000 buildings, Avison Young determined...
Vessel Technologies Brings Franchising to Multifamily Housing Sector

Vessel Technologies Brings Franchising to Multifamily Housing Sector

by Phil Hall | May 1, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Franchising is commonplace in the lodging, retail and restaurant sectors, and a New York City-based company is expanding the franchise concept to multifamily housing. Vessel Technologies said it has launched the multifamily housing industry’s first franchising...
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