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Report: Trump Open to Relocating Madison Square Garden as Part of Penn Station Redevelopment

Report: Trump Open to Relocating Madison Square Garden as Part of Penn Station Redevelopment

by Phil Hall | Mar 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

President Trump is reportedly open to the idea of relocating New York City’s Madison Square Garden as part of the plan to redevelop the Penn Station transit hub. According to a report in The Gothamist based on input from “four sources who have knowledge of the Oval...
Mortgage Rates Surge for Fourth Straight Week

Mortgage Rates Surge for Fourth Straight Week

by Phil Hall | Mar 26, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to rise for the fourth straight week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.38% as of March 26, up from last week when it averaged 6.22%. A year ago...
Report: Most Homes Were Unaffordable During Q1

Report: Most Homes Were Unaffordable During Q1

by Phil Hall | Mar 26, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homes were less affordable than historical averages in 97% of counties with sufficient data to analyze for the first quarter of this year, according to a new data report from ATTOM. The new report found major monthly expenses for median-priced single-family homes and...
Fannie Mae to Back New Crypto-Backed Mortgages

Fannie Mae to Back New Crypto-Backed Mortgages

by Phil Hall | Mar 26, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Better Home & Finance Holding Company (NASDAQ: BETR), and Coinbase (NASDAQ: COIN) have partnered on the introduction of cryptocurrency-backed mortgages that will be backed by Fannie Mae (OTCQB: FNMA). The new mortgages will be originated and serviced by Better,...
FHFA’s Pulte Files New Criminal Referrals Against NY AG Letitia James

FHFA’s Pulte Files New Criminal Referrals Against NY AG Letitia James

by Phil Hall | Mar 26, 2026 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Federal Housing Finance Agency (FHFA) Director Bill Pulte has filed new criminal referrals accusing New York Attorney General Letitia James of mortgage fraud. CBS News reports Pulte sent a letter to Florida prosecutors claiming James could have submitted false...
DC Office Building Sold for $24 Million, Will Become Rental Housing

DC Office Building Sold for $24 Million, Will Become Rental Housing

by Phil Hall | Mar 26, 2026 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The General Services Administration (GSA) is selling a 940,000-square-foot office building in Washington, DC, to a housing developer for $24 million. The Wall Street Journal reports Dalian Development plans to transform the vacant GSA Regional Office Building near...
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